Bitcoin Wallet Reveals Wasabi 2.0 With Stronger Privacy Features through WabiSabi Debut
Leading privacy-focused Bitcoin wallet, Wasabi Wallet announces the launch of its long-awaited update, Wasabi Wallet 2.0. The new update is expected to integrate CoinJoin-ed payments on its platform to enhance privacy automatically. According to the statement, the new improvements on Wasabi 2.0 aim at making Bitcoin payments private, faster ad effortless for non-technical users.
In a blog statement by Wasabi Wallet, three key improvements will be implemented on the new updated version – including rewriting the UX design, integrating easy-to-use and automatic UX for CoinJoin enabled payments launch of the WabiSabi protocol. The latter will facilitate faster and more cost-effective transactions on the Wasabi 2.0 wallet, laying the foundation for automatic CoinJoin Bitcoin payments and transactions.
CoinJoin (CJ) is a privacy enhancement method that mixes several Bitcoin transactions into one pool, obscuring the transaction sender's view and receiving address.
According to the lead developer and co-founder at Wasabi wallet, Adam Ficsor, the new update will allow users to choose between implementing the CoinJoin privacy feature or making transactions on the public chain. Wasabi Wallet 2.0 users will have a selection of privacy targets, including “none, some, high and Snowden,” Ficsor further stated.
Not only will the updated wallet focus on privacy but user-experience as well, the statement reads. The Bitcoin wallet provider will offer an effortless method for novice users allowing automatic CoinJoin payments. It further reads,
“Manual CoinJoining will be a thing of the past or for power users only.”
However, de-anonymizing such transactions on CoinJoin can be easy if the number of transactions in the pool is low. This raises privacy issues that WabiSabi is looking to solve once it launches together with the Wasabi Wallet 2.0 update. According to the statement, WabiSabi will allow users to put in any amount of Bitcoin in the CoinJoin pool – independent from other users – which increases the levels of privacy on CoinJoin.
Ficsor finally stated many users would prefer privacy-enhanced transactions instead of normal wallet transactions despite the CoinnJoin transactions taking some time before being released. Hence the firm’s goals in introducing automatic CoinJoin transactions. He finalized by stating,
“To improve upon these, we’re planning to make CoinJoining automatic by default and build upon the realization that coin control is mostly friction when the user would like to spend conjoined coins, so we should be able to introduce a simple send for that.”
Wasabi 2.0 is expected to launch in the coming six months – with the time interval set anywhere between 3 and 14 months.