The early contributor of Tornado Cash built a new crypto mixer called Privacy Pools that addresses the regulators’ concerns.
Ameen Soleimani, one of the early contributors to Tornado Cash, claims to have fixed the flaws of the crypto mixer with Privacy Pools. The new mixer uses Zero-Knowledge (ZK) Proof, through which users can explain that their withdrawals are not part of the illicit transactions.
The Decentralized Autonomous Organization (DAO), MolochDAO, supported the developers in building Privacy Pools, taking inspiration from Vitalik Buterin’s idea. The Ethereum co-founder also suggested Stealth Walletswhich could offer privacy on Ethereum.
The Privacy Pools Demo
Soleimani wants to normalize the privacy of blockchain users. He told Wired“My goal is to have a privacy tool that I can use, as an American citizen. This has always been my goal—it was the goal when we made Tornado Cash in the first place. My friends and I think privacy is normal. Someday you will too.”
The demo version of Privacy Pools is live, and Soleimani shared a tutorial video explaining the mixer.
Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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