Mastering Blockchain - Second Edition

CoinJoin

CoinJoin is a technique which is used to anonymize the bitcoin transactions by mixing them interactively. The idea is based on forming a single transaction from multiple entities without causing any change in inputs and outputs. It removes the direct link between senders and receivers, which means that a single address can no longer be associated with transactions, which could lead to the identification of the users. CoinJoin needs cooperation between multiple parties that are willing to create a single transaction by mixing payments. Therefore, it should be noted that, if any single participant in the CoinJoin scheme does not keep up with the commitment made to cooperate for creating a single transaction by not signing the transactions ...