More

    Bitcoin Developer Says Wasabi Wallet Users Are Experiencing A Dust Attack, New Release Patch Coming

    Bitcoin Developer Says Wasabi Wallet Users Are Experiencing A Dust Attack

    According to the Bitcoin (BTC) developer Nopara73, the Wasabi Wallet experienced a dust attack. He wrote on Twitter that the attack was successful and that the dust will be hidden in their next release. Nopara 73 is also an employee at Wasabi Wallet.

    Dust is the creation of small transactions that are used to spam the Bitcoin network. Moreover, dust attack can deanonymize users that transact with other users by sending small transactions to different wallets. In this way, it is possible to track the payments made by these addresses with small amounts.

    Nopara73 explained that this dust attack was different than previous versions. He said that in a traditional attack, users are not aware of the coins and the wallet incorporates it into a new transaction. In this way, it is possible to link wallet clusters. However, this does not work with Wasabi Wallet.

    As he mentioned, the attacker sent money to mixed outputs to see how many transactions could incorporate the dust into just a single transaction. Apparently, half of the funds were incorporated into these transactions. Nopara73 said that the next version of the wallet will be handling these things better.

    According to a moderator of r/Monero on Reddit it is more difficult to perform a dust attack on the Monero network. This is due to the fact that public addresses do not appear on the Blockchain, as they do in Bitcoin.

    Wasabi Wallet is a privacy-focused and open source cryptocurrency wallet for Bitcoin. The wallet implements trustless coin shuffling with mathematically provable anonymity. This is why a dust attack has a sense for Wasabi wallet owners.

    In order to increase privacy in the crypto space, Litecoin (LTC) will be implementing Confidential Transactions, or eventually, MimbleWimble to protect users’ privacy.

    BTC, ETH, XRP and BCH Price Watch: Today's Cryptocurrency Chart Predictions

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Carl T
    Carl T
    Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,292FansLike
    2,768FollowersFollow
    4,136FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Ethereum (ETH) Price Analysis (February 26)

    • Price now falling towards the support level. • Sellers working hard to invalidate the bullish pattern. ETH/USD Medium-term Trend: Bullish • Resistance levels : $260, $270,...

    Chainlink To Launch Its First Oracles Outside Ethereum on Polkadot Blockchain

    Chainlink’s oracles have become a popular solution for Ethereum based DeFi’s as blockchain innovators seek to integrate their smart contracts with external data for...

    New Zealand Aims To Abolish Cryptocurrency Sales Tax While Income Tax Would Remain

    Quick Read: The New Zealand Inland Revenue Department is calling for a revision of current Goods and Services Tax laws that are unfavorable to...

    Is A Fed-Controlled Digital Dollar A ‘Win' For the Public; Will it Pave Way For Faster Payments?

    A digital dollar means Fed will be “free to impose negative nominal interest rates on all dollar-holders,” and privacy concerns - Lawrence H....

    Revolut Crypto Investing App Valuated at $5.5 Billion After New $500M Funding Round

    The UK-based digital bank Revolut is now valued at $5.5 billion, after raising $500 million in its latest series D funding round. Raising a...

    Bitcoin Becoming A “Currency of Choice” Will Push BTC Price Up 2,500% – Tim Draper

    Bitcoin correction may end up being more than that but we're in for an interesting ride Tim Draper still holding to his prediction...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.