Sentences with phrase «bitcoin tumbler»

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is a relatively new bitcoin tumbler that's designed to restore some of that privacy.

However, the result is merely the same as if one was to use a Bitcoin tumbler service.

For example, the hackers involved with the recent Petya / NotPetya ransomware attack used a bitcoin tumbler to basically launder the money through high - volume addresses, mixing stolen bitcoins in with so many legitimate transactions that the stolen funds became nearly impossible to track.

The financial privacy bit may actually be true; I heard from third - party sources that bitcoin tumblers were the first type of transaction to stop taking place as fees started going up

Hence, the protocol has similar properties to bitcoin tumblers in that it hides the transaction and the corresponding swap.

Not exact matches

If both a customer and a merchant are connected to the TumbleBit server, for example, the customer can make a payment in bitcoin, while neither the customer nor the merchant (nor the tumbler) learn anything about each other's Bitcoin addbitcoin, while neither the customer nor the merchant (nor the tumbler) learn anything about each other's Bitcoin addBitcoin addresses.

But Vitalik does agree with the notion of small blocks harming privacy — tumblers are services which mix up bitcoins in one pool and send them out in different ratios to different addresses to mask their origins.