Cryptocurrency Q&A
How does crypto mixing work?
How does crypto mixing work?
Federica
Thu Jul 11 2024
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6 answers
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Could you elaborate on the process of cryptocurrency mixing? Specifically, I'm interested in understanding how this process ensures anonymity for users. Does it involve the use of multiple addresses or transactions? How does the mixing service achieve this anonymity, and what measures are taken to prevent tracking or identification of the original source of funds? Additionally, what are some of the potential risks and considerations one should be aware of when utilizing these mixing services? Thank you for your insight on this topic.
6 answers
KpopStarletShine
Sat Jul 13 2024
The public blockchain explorer, when queried about the transaction, will only reveal that the funds had been sent to the mixing service and subsequently withdrawn to a new address.
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Stefano
Sat Jul 13 2024
Upon receipt of the funds, the mixing service proceeds to intermingle or "shuffle" the funds of the sender with those of other cryptocurrency users.
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Chiara
Sat Jul 13 2024
The purpose of this shuffling process is to obfuscate the origin and destination of the funds, making them difficult to trace.
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Ilaria
Sat Jul 13 2024
Once the funds have been adequately mixed, they are then withdrawn to a new and distinct cryptocurrency address.
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DondaejiDelightfulCharmingSmileJoy
Sat Jul 13 2024
This new address serves as a clean slate, devoid of any direct linkage to the original sender.
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