How to mix ethereum
What is an Ethereum mixer and what is it for?
Internet visitors who carry out various transactions with cryptocurrency usually strive to achieve maximum privacy. However, this is not always possible, since innovative blockchain technologies make it possible to immediately trace the user. Transactions with cryptocurrencies such as Bitcoin and Ethereum are common. For just one deal, you can see the entire history of actions performed by a specific user for a certain period of time.
In order to achieve maximum anonymity during the execution of various transactions with cryptocurrency, a specific program can be used — a mixer. It was invented several years ago and is the perfect solution for those who want to keep their transactions anonymous. The main parameters of a mixer, or a mixer for cryptocurrency: the principle of operation is based on the fact that money from several pseudo-anonymous clients is mixed with each other; Mixing occurs after the transaction arrives at the address assigned by the user; In the process of mixing, data about the user and his transactions are encrypted by performing cryptographic mathematical operations; After the end of the encryption, it becomes impossible to determine the client and the amount of the transaction.
In the process of encrypting transactions, the mixer applies zero knowledge assertions. This can mislead customers and confuse the deposited funds. When using a smart contract, a certain level of transparency is achieved. Third parties are allowed to check the quality of the functioning of these agreements, while the anonymity of users is fully preserved.
When a user makes his money deposits for encryption, a secret word and a secret hash are generated for him. Then they are sent to the smart contract and added to the list of deposits. If the user wants to withdraw monetary assets, he must provide proof (according to the same principle as the key); this proof is tantamount to a secret word that allows you to unlock a specific hash from the total. In order to increase the degree of security and privacy, you can connect the following secret browsers: Tor; I2P; Crowds. Anonymous software is completely decentralized. It does not correlate with third parties who are ready to take responsibility for the user’s assets or have access rights to violate the encryption process.
Ethereum Mixer Benefits the Ethereum mixer resource guarantees complete anonymity of the user in case of sending transactions. In this case, the connection between the directory of the one who sends the cryptocurrency and the one who receives it is destroyed. Withdrawals of deposits cannot be linked to the sender. Communication is carried out using complex smart contracts. To send deposits to a new address, hashes or proofs are used, which are given to the user at the time of the deposit.
Vitalik Buterin on the anonymity of mixing The first initiator of the development of mixing ethereum was the well-known prominent cryptocurrency specialist Vitalik Buterin. The essence of his idea was that many users are interested in the anonymity of their activity in blockchain technology during the transfer of Ethereum. the concept was initially focused on single anonymous transactions, without assuming confidentiality at the network level as a whole.
Buterin believes that at the moment there are two ways for users to make transactions. If the transaction settings are made by default, clients receive and send cryptocurrency from the same account, so all their actions are recorded in a single blockchain. In addition, it is possible to carry out transactions using several accounts at the same time. However, it is difficult to encrypt blockchain activity using this path.
As conceived by Buterin, today users can make transactions using one of two methods. By default, users send and receive Ethereum from one account, which means that all actions are displayed in the open blockchain. Also, users can carry out transactions through several accounts, but this is not the best solution for hiding actions in the blockchain. Buterin says: when users make transactions to send cryptocurrency, all connections are traced in the blockchain. To achieve confidentiality, he proposed the creation of two smart contracts — a repeater and a mixer. With their help, the user will be able to select private transactions using a secret set. This method, according to Buterin, is recognized as the most effective and suitable for the majority of Internet visitors who regularly make transactions with Ethereum.