Crypto Hardware Wallet Trezor Brings Privacy to its Users with CoinJoin & CoinControl
Cryptocurrency hardware wallet, Trezor is bringing privacy to its users through CoinJoin. CoinCoin is a trustless method that combines multiple Bitcoin payments from multiple senders into single transactions making it difficult for outside parties to determine the origin of the coins. Trezor tweeted,
“We always strive to advance your privacy! CoinJoin will obscure the sources and destinations of your transactions.”
However, some are concerned about the fact that cryptocurrency exchanges like Binance and Paxos Global actually discourage the use of the bitcoin mixing services and, in the past, have flagged consumers who have made use of these services. For Trezor, the heart of the matter here is,
“Do you want to use a service that blocks your transaction because you care about your privacy?”
Another step towards maximizing Trezor users’ privacy also includes a CoinControl feature that puts the user in complete charge of compiling their transactions. When sending BTC to someone, this feature allows you to control which of your addresses sends the coins and, even more specifically, which unspent outputs will be sending inputs.
“In the future, the combination of Tor Switch, CoinControl, and CoinJoin will guarantee you the top level of privacy and security, respected by our customers.”
Besides privacy, Tezos (XTZ) also announced that they are also bringing full node support to its wallet this year. Users will be able to connect their own full node, which allows them to fully validate transactions and blocks and help the network to the Trezor hardware wallet. In the first stage, they will implement Electrum API integration which will be then followed by Bitcoin Core. Another addition includes the Trezor Suite Mobile app for Android, which will have most of the Trezor Suite features “bringing accessibility and user experience to the whole new level.”