CoinJoin is a quintessence of anonymous proceeding that helps Bitcoin users claim their monasticism while sending Bitcoin. CoinJoin is a multiparty "Bitcoin mixing" annals at the close of which it is unclear who owns which coin.
Upon the following transactions made at the identical time: A purchases an component from B, C purchases an ingredient from D, and E purchases an memo from F. Without CoinJoin, the civil blockchain ledger would log three fall transactions as a service to each input-output match.
With CoinJoin, at most bitcoin mixer one single goings-on is recorded. The ledger would guide that Bitcoins were paid from A, C, and E addresses to B, D, and F. Away masking the deals made past all parties, an viewer cannot with jam-packed certainty discover who sent Bitcoins to whom.
While some into that CoinJoin is a unfamiliar technology, this is not valid. CoinJoin is simply an advancement on already existing technology – Bitcoin. And Bitcoin mixers invoke occasion CoinJoin technology to users. |
