Trezor Enables Coinjoin for Trezor T Model to Bolster a ‘New Era of Privacy’

According to Trezor, the crypto hardware wallet manufacturer, owners of the Trezor T exemplary tin present usage a Coinjoin diagnostic to sphere their privacy. Trezor had announced the Coinjoin feature’s impending accomplishment connected the hardware wallet 7 months ago, and the diagnostic went unrecorded connected April 19.

Trezor Adds Coinjoin to Software Suite

Owners of the Trezor T exemplary can present use a caller Coinjoin service that was added to the device’s features connected Wednesday. Trezor announced successful September 2022 that the Coinjoin diagnostic was coming aft the institution revealed its collaboration with the developers of the Wasabi wallet. Essentially, Coinjoin enables bitcoin users to obfuscate their UTXOs by mixing their funds with a excavation of different users. The exertion has been disposable since 2013, and respective different blockchains person utilized the strategy to premix UTXOs.

Hardware Wallet Coinjoins.

Coming April 19th, 2023. pic.twitter.com/cVilSYXBBO

— Trezor (@Trezor) April 12, 2023

The usage of Coinjoin with the Trezor T exemplary is optional, and a Coinjoin relationship indispensable beryllium activated successful the Trezor bundle suite. Trezor encourages users to leverage the privacy-enhancing web Tor portion utilizing the software. In summation to the web fee, users indispensable besides wage a coordinator interest for the Coinjoin service. Trezor is not the lone 1 utilizing the Coinjoin service, arsenic the open-source bitcoin outgo processor Btcpay introduced a Coinjoin plugin for merchants astatine the extremity of February.

Btcpay besides collaborated with the Wasabi developers, and merchants who activate the plugin tin premix their UTXOs with different bitcoin transactions. Currently, the Coinjoin diagnostic for Trezor is unavailable connected the Trezor Model One, but the institution stated that it was investigating the thought with the older Trezor device. However, not everyone is pleased with Trezor’s caller rollout, arsenic determination is contention associated with Wasabi’s Coinjoin process. This statement has followed Trezor’s announcement and has added criticism to the company’s recently added privateness feature.

There person been speculations that the blockchain investigation institution Chainalysis is tracking the Zksnacks Coinjoin coordinator. The Coinjoin diagnostic and a screenshot of Trezor’s commentary astir UTXOs utilized for “nefarious activities” person been criticized for allegedly being contradictory to privacy. Academic research has shown that Coinjoin transactions tin beryllium de-anonymized by clustering bitcoin addresses and mapping them to users’ identifications. There is besides criticism that Coinjoin coordinators oregon mixing services whitethorn not beryllium trustworthy and tin de-anonymize users.

What are your thoughts connected Trezor’s Coinjoin feature? Share your thoughts successful the comments conception below.

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