Samourai Wallet Nows Comes With a New CoinJoin Based Privacy Module, Whirlpool
- In their core essence, Coinjoins help in making crypto transactions more anonymous through the use of certain niche’ processes.
- Samourai Wallet now comes with a fully-functional version of Whirlpool that helps in maximizing transaction privacy for its users.
According to an all-new media release issued by the Samourai Wallet PR team recently, the firm has just released a beta version of Whirlpool — a CoinJoin protocol that is designed to increase the overall anonymity of any individual tx greatly.
Additionally, it should be pointed out that previously a spokesperson for the company had stated that Whirlpool would be made compatible with Dojo (a much awaited bitcoin node that has been designed to be used with Samourai wallet).
From a technical standpoint, we can see that the new feature will allow senders to completely dissociate from their beneficiaries. As a result of this, the wallet is able to provide its users with an extremely high level of privacy.
What is CoinJoin?
As the name suggests, CoinJoin is basically a process that integrates:
“Chaum blind signatures that allow the entry and exit of a transaction to be hidden by grouping and scrambling it with a collection of concurrent transactions.”
So with this information in mind, it should be remembered that the Whirlpool framework comes prebuilt with a modular CoinJoin implementation.
According to several reports, it recently took over one hundred users several hours to collectively execute a CoinJoin using the popular Wasabi wallet.
Samourai’s latest CJ protocol has been developed by creating a “heavily modified” fork of the ZeroLink theory.