August 2018
Beginner to intermediate
94 pages
2h 37m
English
Content preview from Learn Bitcoin and Blockchain
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CoinJoin
CoinJoin is an anonymization method for Bitcoin transactions proposed by Gregory Maxwell. It is a method of Bitcoin transaction compression, which aims to improve privacy by discarding unnecessary information. A CoinJoin transaction is one where multiple people agree to form a single transaction where some of the outputs have the same value. All parties come together over some anonymous channel and each of them provides a destination address, which belongs to them. One of the party creates a transaction, which sends one coin to each destination address. All parties log out and then separately log in to the channel, and each contributes one coin to the account from which the funds will be paid out. If X number of coins is paid into ...
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