{"id":20037,"date":"2023-04-20T10:18:04","date_gmt":"2023-04-20T10:18:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trezor-enables-coinjoin-for-trezor-t-model-to-bolster-a-new-era-of-privacy-privacy-bitcoin-news\/"},"modified":"2023-04-20T10:18:04","modified_gmt":"2023-04-20T10:18:04","slug":"trezor-enables-coinjoin-for-trezor-t-model-to-bolster-a-new-era-of-privacy-privacy-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trezor-enables-coinjoin-for-trezor-t-model-to-bolster-a-new-era-of-privacy-privacy-bitcoin-news\/","title":{"rendered":"Trezor Enables Coinjoin for Trezor T Model to Bolster a ‘New Era of Privacy’ \u2013 Privacy Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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According to Trezor, the crypto hardware wallet manufacturer, owners of the Trezor T model can now use a Coinjoin feature to preserve their privacy. Trezor had announced the Coinjoin feature\u2019s impending arrival on the hardware wallet seven months ago, and the feature went live on April 19.<\/strong><\/p>\n

Trezor Adds Coinjoin to Software Suite<\/h2>\n

Owners of the Trezor T model can now use<\/a> a new Coinjoin service<\/a> that was added to the device\u2019s features on Wednesday. Trezor announced<\/a> in September 2022 that the Coinjoin feature was coming after the company revealed its collaboration with the developers of the Wasabi wallet. Essentially, Coinjoin enables bitcoin users to obfuscate their UTXOs by mixing their funds with a pool of other users. The technology has been available since 2013, and several other blockchains have utilized the scheme to mix UTXOs.<\/p>\n

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Hardware Wallet Coinjoins.<\/p>\n

Coming April 19th, 2023. pic.twitter.com\/cVilSYXBBO<\/a><\/p>\n

\u2014 Trezor (@Trezor) April 12, 2023<\/a><\/p>\n<\/blockquote>\n

The use of Coinjoin with the Trezor T model is optional, and a Coinjoin account must be activated in the Trezor software suite. Trezor encourages users to leverage the privacy-enhancing network Tor while using the software. In addition to the network fee, users must also pay a coordinator fee for the Coinjoin service. Trezor is not the only one utilizing the Coinjoin service, as the open-source bitcoin payment processor Btcpay introduced<\/a> a Coinjoin plugin for merchants at the end of February.<\/p>\n

Btcpay also collaborated with the Wasabi developers, and merchants who activate the plugin can mix their UTXOs with other bitcoin transactions. Currently, the Coinjoin feature for Trezor is unavailable on the Trezor Model One, but the company stated<\/a> that it was testing the idea with the older Trezor device. However, not everyone is pleased with Trezor\u2019s new rollout, as there is controversy associated<\/a> with Wasabi\u2019s Coinjoin process<\/a>. This debate has followed<\/a> Trezor\u2019s announcement and has added criticism<\/a> to the company\u2019s newly added privacy feature.<\/p>\n

There have been speculations<\/a> that the blockchain analysis company Chainalysis<\/a> is tracking the Zksnacks Coinjoin coordinator. The Coinjoin feature and a screenshot<\/a> of Trezor\u2019s commentary about UTXOs used for \u201cnefarious activities\u201d have been criticized<\/a> for allegedly being contradictory to privacy. Academic research<\/a> has shown that Coinjoin transactions can be de-anonymized by clustering bitcoin addresses and mapping them to users\u2019 identifications. There is also criticism<\/a> that Coinjoin coordinators or mixing services may not be trustworthy and can de-anonymize users.<\/p>\n

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academic research<\/a>, Anonymity<\/a>, Bitcoin<\/a>, Blockchain<\/a>, Btcpay<\/a>, Chainalysis<\/a>, clustering<\/a>, CoinJoin<\/a>, commentary<\/a>, Concerns<\/a>, contradicting<\/a>, controversy<\/a>, coordination<\/a>, coordinator fee<\/a>, Criticisms<\/a>, Cryptocurrency<\/a>, de-anonymization<\/a>, Merchants<\/a>, mixing services<\/a>, nefarious activities<\/a>, Network Fee<\/a>, new era<\/a>, plugin<\/a>, Privacy<\/a>, risks<\/a>, samourai wallet<\/a>, screenshot<\/a>, speculations<\/a>, technology<\/a>, Tracking<\/a>, Trezor<\/a>, trustworthiness<\/a>, user identification<\/a>, users<\/a>, utxos<\/a>, wasabi<\/a>, Zksnacks<\/a><\/div>\n<\/div>\n

What are your thoughts on Trezor\u2019s Coinjoin feature? Share your thoughts in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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