If you’re a bitcoin user who values privacy and anonymity, then the CoinJoin protocol is something you need to know about. CoinJoin is a privacy protocol that allows users to mix their bitcoin transactions with others in order to make it much more difficult to trace the origin of the bitcoins. One such bitcoin anonymizer with integrated CoinJoin protocol is bitcoin mixer WHIR.
How does CoinJoin work?
CoinJoin protocol relies on a technique called “coin mixing”. It’s a way of combining multiple bitcoin transactions into a single transaction that then distributes the bitcoins to their intended recipients. The goal of coin mixing is to make it difficult for anyone to trace the flow of bitcoins from their source to their destination.
WHIR takes coin-mixing a step further by using a special set of rules to ensure the privacy and anonymity of the users involved. One of the key features of the CoinJoin protocol is that it uses a “blind signature” system. This means that the users
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