What is tornado cash?

Tornado Cash (also stylized as TornadoCash) is an open source, non-custodial, fully decentralized cryptocurrency tumbler that runs on Ethereum Virtual Machine -compatible networks. It offers a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others, so as to obscure the trail back to the fund's original source.

Can I withdraw ETH from tornado cash?

Once you send an ETH or ERC-20 deposit to Tornado Cash, you can withdraw your crypto through a new address. Once the asset is withdrawn by the new address, there’s no way to link the withdrawal to the deposit and this, in turn, ensures asset privacy.

Is tornado cash a decentralized protocol?

As of then, the founders don’t have any control of Tornado Cash, and it is considered a fully decentralized protocol. The TORN token is an ERC-20 token with a fixed supply that allows for holders to make proposals and vote for changes within the protocol.

Should the Ethereum-rich ban tornado cash?

By signaling to the public that depositing funds into Tornado Cash is prohibited, the fines would encourage the Ethereum-rich to avoid Tornado. Tornado's anonymity set would get smaller, making the tool less capable of cleaning large transactions from SDNs and thieves.