What are Tornado Cash alternatives in 2023
Tornado Cash is a decentralized, non-custodial privacy solution for Ethereum users. It provides anonymity to Ethereum transactions by allowing users to deposit their Ethereum into a smart contract and then withdraw it from another address.
This process helps to break the link between the original sender and the recipient, making it difficult to trace the transaction.
However, Tornado Cash is not available anymore. In this article, we will explore some of the Tornado Cash alternatives available in 2023.
1. Tumbits
Website Link: www.tumbits.com
Tumbits is a online service for Bitcoin mixing that makes Bitcoin more anonymous. It works pretty straightforwardly. The sender of the payment puts their money into a pool, which then shuffles around all the Bitcoins and divides them into the recipients addresses based on the amount sent.
Tumbits uses CoinJoin which is a type of anonymous transaction that helps Bitcoin users maintain their privacy while sending Bitcoin. Tumbits CoinJoin is a multiparty “Bitcoin mixing” transaction at the end of which it is unclear who owns which coin.
Consider the following transactions made at the same time: A purchases an item from B, C purchases an item from D, and E purchases an item from F. Without
CoinJoin, the public blockchain ledger would record three separate transactions for each input-output match.
With Tumbits CoinJoin service, only one single transaction is recorded. The ledger would show that Bitcoins were paid from A, C, and E addresses to B, D, and F. By masking the deals made by all parties, an observer cannot with full certainty determine who sent Bitcoins to whom.
2. Samurai Wallet
Website Link: www.samouraiwallet.com
Samurai Wallet is a privacy-focused wallet for Bitcoin and other cryptocurrencies. It provides users with a range of privacy features, including coinjoin and stealth addresses
Samurai Wallet also supports a feature called Whirlpool, which is a type of coinjoin that provides greater privacy by combining multiple transactions into a single transaction with multiple inputs and outputs. The only difference from Tumbits is that it requires downloading a dedicated application and cannot operate on a web browser.
3. Wasabi Wallet
Website Link: www.wasabiwallet.io
Wasabi Wallet is a privacy-focused wallet for Bitcoin and other cryptocurrencies. It uses the coinjoin technique the same as the Tumbits solutions we reviewed above to provide privacy to transactions.
Wasabi Wallet also supports a feature called Chaumian CoinJoin, which is a type of coinjoin that provides greater privacy by using blind signatures to hide the input and output amounts of each transaction.
4. Secret Network
Website Link: scrt.network
Secret Network is a privacy-focused blockchain allowing private transactions and decentralized applications (dApps). It uses a technology called secure enclaves to provide privacy to transactions.
Secure enclaves are a type of hardware-based security technology that isolates code and data, making it difficult to access or manipulate. Secret Network uses secure enclaves to provide privacy to transactions by encrypting the transaction data and keeping it hidden from the public blockchain.
Secret Network supports multiple cryptocurrencies, including Ethereum and ERC-20 tokens, making it easy for users to transfer their existing assets onto the network.
5. Zcash
Website Link: z.cash
Zcash is a privacy-focused cryptocurrency that enables users to keep their transactions private. It uses a technology called “zero-knowledge proofs,” which allows users to prove that they have the necessary funds to complete a transaction without revealing any other information. Zcash is a standalone blockchain that is not interoperable with other blockchains, including Ethereum.
Zcash offers several advantages over Tornado Cash. First, it is a more established project with a longer track record of success. Second, it is a standalone blockchain that is not subject to the limitations and vulnerabilities of the Ethereum network. Finally, it has a strong community of developers and users who are committed to building a more private and secure DeFi ecosystem.
6. Monero
Website Link: www.getmonero.org
Monero is a privacy-focused cryptocurrency that enables users to keep their transactions private. It uses a technology called “ring signatures,” which allows users to hide their transaction data by combining it with the data of other users. Monero is a standalone blockchain that is not interoperable with other blockchains, including Ethereum.
Monero offers several advantages over Tornado Cash. First, it is a more established project with a longer track record of success. Second, it is a standalone blockchain that is not subject to the limitations and vulnerabilities of the Ethereum network. Finally, it has a strong community of developers and users who are committed to building a more private and secure DeFi ecosystem.
Conclusion
Tornado Cash was a popular privacy solution for Ethereum users. There are a number of Tornado Cash alternatives available in 2023, including Tumbits for online and software solution based like Wasabi.
