Trezor and Wasabi join forces to make Bitcoin more private


Trezor, the company behind one of the most popular crypto wallets, has partnered with privacy project Wasabi to bring CoinJoin mixing to Bitcoin transactions on its hardware wallets.

The two projects confirmed the partnership via Twitter on Monday. The idea is that users will be able to use CoinJoin on their Trezor devices for greater transaction privacy starting next year.

CoinJoin is a parts mixer which aggregates Bitcoin transactions to hide their origins. Wasabi Wallet is a popular bitcoin wallet made by software company zkSNACKs that uses CoinJoin technology.

Trezor specializes in cold storage – wallets that store cryptocurrency offline, the safest way to store digital assets.

Wasabi Wallet contributor Rafe said Decrypt that the goal is to Tresor Suite users to be able to send private coins directly from their hardware wallets.

“You will be able to join our WabiSabi CoinJoin zkSNACKs rounds with your hardware wallet in the Trezor Suite app,” he said, explaining that WabiSabi is a new CoinJoin protocol.

“The reason Trezor incorporates this is that it is by far the most advanced CoinJoin protocol,” he said.

Karo Zagorus, who leads community and reputation management at zkSNACKs, added that the partnership was formed following discussions that began in 2019 and represented “a phenomenal achievement”.

zkSNACKs and those working at Wasabi Wallet say crypto privacy is more important than ever. Indeed, they argue, government surveillance is increasing and financial transactions could eventually be used to closely monitor what citizens are doing.

And they Told Decrypt that’s why they’re working tirelessly on tools that make Bitcoin, the biggest digital asset, more private. Contrary to popular belief, Bitcoin is easily traceable and therefore not inherently anonymous.

Coin mixers – and crypto privacy in general – have been in the limelight since the US government sanctioned Tornado Cash last month. The Treasury Department banned Americans from using the coin mixer, which allowed users to make private Ethereum transactions, because it claimed criminals had used it to launder dirty funds.

The crypto community erupted after the news, with Washington, DC-based crypto advocacy group Coin Center threatening challenge the ban in court.

Stay up to date with crypto news, get daily updates in your inbox.


About Author

Comments are closed.