Monero is well known for its private and fungible properties. And, unlike several other cryptocurrencies, Monero hides the sender, receiver, and amount for all transactions. Thus, reportedly, it permits privacy protections to grow to cover for more transactions than those involved in Bitcoin mixing, Ethereum mixing, and all other “privacy coins” combined.
Thus, Monero is the recognized global standard in private digital payments.
For clarity, bitcoin mixers claim that Bitcoin is only pseudonymous and not anonymous as being the reason why everyone should use a bitcoin tumbler or bitcoin cleaner/mixer to protect their privacy. There are many of such mixers and tumblers. The question is just, which of the many bitcoin mixers one should use. It is very obvious that the best bitcoin tumblers operate exclusively on the so-called dark web, as a tor hidden service. There is a long list of Bitcoin Mixers available.
Ethereum mixer becomes necessary because, Ethereum is not anonymous by default. Everyone can see where the ETH is going to or coming from. The key is to hide, which address belongs to you. That is what mixers are for; by using these services, users break the link between addresses.
The Ethereum Mixer, after receiving ETH, will send freshly premixed Ether from their reserve directly to the address users have given to them. The old Ether will be added to the reserve. To not receive your old Ether back next time, you have to put in the mixing code you received on your first order. And it works slightly differently between different Ethereum Mixers.
Ultimately the purpose is to stay private. In XMR, it is privacy all the time for every transaction that the user makes, and that is its special feature. And, they are forever developing their technology to overcome barriers that interfere with their privacy enabling capabilities.
Justin Ehrenhofer has started off with “Breaking Monero.” It is likely to be series of episodes. These episodes are meant to explore the limitations of Monero’s securities and privacy. This will be done comprehensively and understandably.
They are set to evaluate the risks to make Monero better. They are set to make it an ongoing process, and they are doing this to make sure they fix the vulnerabilities before the bad guys make a note of it and execute their foul play on the blockchain.
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