An updated look at Tornado Cash

20220112 Tornado Research 800x450 1ramJ8

Quick Take

Tornado Cash uses zero-knowledge proof to break linkages between fund sender and receivers.
Token incentive was leveraged to attract liquidity as the total value locked in Tornado Cash increased tenfold in 2021.
Tornado Cash Nova enables deposits and withdrawals of arbitrary amounts of Ether, as well as shielded transfers of deposited tokens within the pools.

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