Major crypto wallets maker, Trezor, has collaborated with privacy project Wasabi to introduce CoinJoin mixing to Bitcoin transactions on its hardware wallets.
On Monday, the partnership was confirmed by the two projects on Twitter. Users will be able to use CoinJoin on their Trezor devices starting from 2023 onwards for increased transaction privacy.
🚨 BREAKING: Hardware wallet coinjoins are coming next year with our friends at @Trezor pic.twitter.com/2RFCgM9wK2
— Wasabi Wallet (@wasabiwallet) September 4, 2022
CoinJoin is a coin mixer that obscures Bitcoin transactions’ origins by grouping them together. Made by software company zkSNACKs, the well-known Bitcoin-based Wasabi Wallet utilizes CoinJoin technology.
Trezor specializes in cold storage, or offline digital wallets, the most secure method to keep digital assets safe.
According to Rafe, a contributor of Wasabi Wallet, Trezor Suite users will be able to send private coins straight from their hardware wallets.
He said that WabiSabi is a new CoinJoin protocol and that users will be able to join zkSNACKs WabiSabi CoinJoin rounds using the hardware wallet in the Trezor Suite application.
The contributor claimed because the protocol is by far the most advanced of all CoinJoin protocols, which is why Trezor decided to implement it.
The partnership is a sign of a “phenomenal achievement” that was formed out of a discussion that started in 2019, according to Karo Zagorus. Zagorus oversees the community and reputation management at zkSNACKs.
ZkSNACKs and the Wasabi Wallet team pointed out that the increased government surveillance only makes cryptography privacy more crucial than ever before. They added that financial transactions might eventually be utilised to keep citizens under close watch.
They explained that this is the reason why they are working vigorously on tools to make Bitcoin, the largest digital asset, to be more private. What many people are not aware of is that Bitcoin is not inherently anonymous as it can be easily traced.
Since Tornado Cash was sanctioned by the US government last month, coin mixers and crypto privacy in general received a lot of attention.Â
The coin mixer Tornado Cash, which allowed users to conduct anonymous Ethereum transactions, was blocked by Treasury Department in the US as it was allegedly used by malefactors to perform money laundering crimes.
Following the news, the crypto community erupted, and Washington-based crypto advocacy group Coin Center threatened legal action to overturn the ban.
