Enhancing privacy through Etherum mixer

One of the key features of the blockchain transactions is anonymity. Sender and receiver are not publicly discovered, at least this is the idea of a blockchain transaction. The question is, does it stand correct with advanced cryptography? Is a transaction even on a highly secured network like Bitcoin or Ethereum blockchain is 100% secured? Well, to a surprise for many of us, the answer is not very encouraging. A blockchain transaction is not 100% private. Though it does not put user's personal information on a public display it, of course, can be traced back to the user.

In the early stages of blockchain development, the community acknowledged the need for an additional layer of protection to secure user's identity. If you're a user of Ethereum or Bitcoin blockchain, you may have felt the need for privacy too.

What is Ethereum Mixer?

The coin mixer or tumbler provides an additional layer of privacy to the user. Tumblers have arisen to improve the anonymity of cryptocurrencies, for Ethereum it's an Ethereum mixer. As per Wiki, Cryptocurrency tumbler or cryptocurrency mixing service is a service offered to mix cryptocurrency funds with others, so as to obscure the trail back to the fund's original source. Transaction on Ethereum blockchain is not truely anonymous that is why mixing service can add an extra level of privacy on your Ethereum transactions

How does it work?

Ethereum (ETH) mixer is a simple service available that makes all transactions private. It helps the user cut all ties. Using a mixer makes it nearly impossible to trace funds back to a user. Tumblers take a percentage transaction fee of the total coins mixed to turn a profit.

What does Ether Mixer provide?

Every user has a right to privacy while making a blockchain transaction, trading or donating Ether.

To encourage the use of Ethereum mixer in Ethereum transaction, Vitalik Buterin shared a Minimal Mixer design , with the caption "We need a first step toward more privacy".

The Bitcoin Tumbler now brings the Ether mixing services. Ether Mixer (Blender) is an automated service that helps you to mix your Ethereum (ETH) using specially developed algorithms and to secure your identity. They charge random commission 2-5% for every single mix to provide the best privacy for your Ether transactions.

The ETH mixer does not collect personal data, email and even does not store logs. However, it stores information about uncompleted Ethereum transactions to avoid users to lose their ETH. It is fully automated and after the mixing process is complete; all information is erased automatically.

However, like every good thing, it is also misused sometimes. The existence of tumblers has made the anonymous use of darknet markets easier and the job of law enforcement harder.

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Disclaimer: This is a sponsored post by Bitcoin Mixer. The article on this page is created by an in-house team based on information provided to us, it is not verified by EtherWorld.co. The liability for the same solely rests with the sponsor. The information contained on this web page does not constitute financial advice or a solicitation to buy or sell any cryptocurrency contract or securities of any type. Trading is a high risk activity. Readers are suggested to conduct own research, review, analyze and verify the content before relying on them.

The information contained in this web page does not constitute financial advice or a solicitation to buy or sell any cryptocurrency contract or securities of any type. Trading is a high-risk activity. Readers are suggested to conduct own research, review, analyze and verify the content before relying on them.

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