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The stories that cryptocurrency transactions are explicitly anonymous are barely partly true. In deed data, bitcoin addresses can (to a in the cards extent) be tracked and linked to intrinsic individuals. Consequently, underneath sundry circumstances, investors risk exposing their evidence and having their account transaction logs tracked. Bitcoin mixers (bitcoin tumblers) have designs on to employees make plain this problem on providing perfect anonymity and maintaining user privacy.

What is a bitcoin mixer?
Bitcoin mixer or "Bitcoin tumbler" (English bitcoin mixer) are services that concede users to incorporate their coins with those of other users in orderly to maintain their privacy. Since Bitcoin and most other cryptocurrencies are acquiescent to remnant, Bitcoin Mixer protects the individuality of users aside hiding the links between their Bitcoin addresses and real identities, making them more anonymous and private. In addition, owner logs are deleted automatically and for good within 24 hours of loaded bitcoin tumbler

Centralized and decentralized bitcoin mixers

There are two categories of bitcoin mixers: centralized mixers and decentralized mixers. The largest argument between the two is that centralized mixers pull someone's leg access to the user's log and IP address, which does not guarantee utter data privacy. In spite of that, decentralized mixers tell any bond between a bitcoin sermon and a legitimate person, providing a higher level of privacy.

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How does a bitcoin mixer work?
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The algorithm that mixers are based on follows a simple process where users can send their cryptocurrencies to the mixer talk that is registered by reason of each user. The algorithm mixes coins with other people's transactions and distributes the coins among multiple wallets owned by the mixer. Toward the ruin surpass of the method, the cryptocurrency is returned to a pre-established vault, either to the sender or the strange owner.

The process of distributing cryptocurrencies between unlike wallets makes privacy more economic at near breaking the out of transactions. This is because senders and recipients cannot be related. That reason, all electronic traces are broken.