Best Ethereum Mixer- The Alternative To Tornado Cash

By default, all Ethereum transactions are public. Tornado Cash is a decentralised, Ethereum-based privacy-preserving solution that adds obfuscation for further privacy. Tornado-cash' 'eth-mixer is used to make transactions private. The Tornado Pool accepts Ether and other stable currencies in predetermined increments. In exchange, customers receive a secret note that allows them to withdraw funds to a different address at a later date. There are many other coin mixers like tornado cash in the market.

What is a coin mixer, and why do people utilise them?

A coin mixer is a service that conceals the origin and destination of transactions. Users transfer bitcoin to the service, which mixes it with other currencies or tokens, and then sends the corresponding number of "mixed" coins to a destination address, concealing the sender-receiver relationship.

There are numerous viable applications for this service. You may not want your employer to know the private details of every bank or credit card transaction you've ever made. Similarly, you may not want your employer or anyone else to know the intimate details of every cryptocurrency transaction you've ever done.

As the use of cryptographic and blockchain-based tools increases, however, real-world identities are becoming more connected to blockchain addresses, with every transaction, transfer, and interaction associated with these addresses recorded in a public, transparent, distributed ledger. This is where coin mixers come into play.

Why Tornado Cash is so prosperous?

Tornado Cash, as an Ethereum mixer, enhances transaction anonymity. It accomplishes this by severing the link between the sender and receiver addresses. In other words, it permits withdrawals to a different address that cannot be traced to a deposit address, protecting anonymity. Tornado Cash employs zkSnark-proof technology and is non-custodial, so users retain complete control over their deposits.

Tornado Cash allows its users to conduct Ethereum transactions more quickly and cheaply. Its scaling mechanism employs optimistic rollups. Rollups allow Ethereum transactions to be executed off-chain and only retain transaction data on-chain. This decreases network congestion, improves network performance, and decreases transaction prices.

Sanctions imposed against Tornado Cash

The Treasury Department has sanctioned Tornado Cash, an Ethereum coin mixing service, thus prohibiting Americans from using it. It was subsequently taken down. However, what does Tornando Cash do, and why would anyone want to utilise currency mixers in general?

Tornado Cash is a blockchain technology for making and receiving anonymous transactions that were introduced in 2019. Elliptic, a blockchain analysis business, estimates that over $7 billion in cryptocurrencies have passed via Tornado Cash since its introduction, with approximately 20% of that money associated with illegal behaviour.

The alternative of Tornado Cash

Ethereum-mixer.io is an automated tool that lets you safeguard your identity and mix your Ethereum (ETH) using custom-built algorithms. Ethereum-mixer.io is a tornado cash alternative.

Ethereum-mixer.io utilises numerous smart contracts that take deposits of varying amounts of ETH ERC-20. At least 2.5 ETH and no more than 250 ETH. By supplying a different address, these deposits will be sent to a separate location, so severing the relationship between the sender and the beneficiary.

Ethereum-mixer.io does not utilise notes that you will need to utilise at some point. These notes leave you vulnerable because they are susceptible to lose. We give a deposit address, quickly request a new wallet from you, and wait for the transaction to be transmitted. The remainder will be handled by our smart contracts.