BCH Developers Build a Plugin for Interwallet Transfer to Strengthen the Privacy of Bitcoin Cash
There is continuous development taking place around Bitcoin Cash, as the Electron Cash Cashshuffle has been able to enhance the current service being offered.
With the implementation, the users on the platform can shuffle their coins. But there is more, as the developer has just announced their new launch of an Interwallet transfer tool. It is an Electron Cash add on that easily allows for a privacy-minded transfer that uses the light client.
The implementation has increased the fungibility of Bitcoin cash
The Interwallet transfer is a new plugging that has just been launched by Karol Trzeszczkowski. One that has been designed to work with the Electron Cash wallet effectively. Thus, with the wallet, users will be able to quickly transfer their funds from one wallet to the next, without them compromising on the anonymity.
The new plugin reveled on May 17th, and all this was a success thanks to the professional developers who were behind the project.
“[Interwallet Transfer] is a simple plugin that allows you to specify a destination wallet (represented by its xpub extended public key), and transfer coins from the source wallet to destination one-at-a-time at random intervals,” Trzeszczkowski said during the launch announcement. “Compared to the simplistic method of transferring everything in one big transaction, this method preserves privacy to a much higher degree: no longer are all your coins linked in that one transaction.”
What you should know about the Interwallet Transfer
The wallet has been developed to be open source and made available on the Github network. They have ensured they have made it easy to use by providing instructions on how the add on can be installed and work.
It has been designed uniquely as the wallet will send out your coins to random unused addresses, and this is done in a one in one out kind of transaction.
If you like the design and what it can offer you as an investor, all you have to do is download the latest version of the wallet. And if you would like first to verify the integrity of the wallet you can do so on the Trzeszczkowski’s public key.
The new plugin makes transfer much easier
The transfer of coins with Github has made it easier for all, thanks to the latest documentation that breaks it down for you.
All you will need to do is paste the receiving wallet Master Public Key on the first dialogue box that you see on the plugin tab. Once you have done this, you can indicate the time you would like the randomized to take.
The time you have keyed in is how long it will take for the funds to be transferred to the receiving wallet, all this will be done at random intervals. When this process has completed, click on the transfer tab, and the EC will immediately begin to process, and all this will be done in the set period.
It is important to note; when you are processing your transactions, your wallet needs to be open to ensure it completes the transfer timely. With the new development taking place, the BTC community has been very pleased.