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What is a Bitcoin mixer and how does it work?
Rank: Newbie
Groups: Registered
Joined: 3/17/2021(UTC) Posts: 2 Location: La Pas
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What is a Bitcoin mixer and how does it work?
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Rank: Member
Groups: Registered
Joined: 3/17/2021(UTC) Posts: 20 Location: Anairoby Dkhma
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I can explain in my own words what I learned in the bitcoin courses. The most important thing is to understand why mixers are needed, they are created to anonymize transactions, be it bitcoin or any other cryptocurrency. How does a mixer work? I will show it using the example of a mixer that we considered in the coursesб here it is https://bitmix.biz/en . Everything is very simple. The algorithm is rather simple — a user sends their cryptocurrency to a mixer's address which is registered for each user individually. The coins are then mixed with transactions of other people or distributed among hundreds of thousands of wallets that belong to a mixer. Edited by user Monday, March 22, 2021 1:32:10 PM(UTC)
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Rank: Newbie
Groups: Registered
Joined: 3/17/2021(UTC) Posts: 2 Location: La Pas
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Thanks for the info. Do you think mixers are good at anonymizing transactions? Personally, I would not want anyone to see my transactions.
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Rank: Member
Groups: Registered
Joined: 3/17/2021(UTC) Posts: 20 Location: Anairoby Dkhma
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Of course they manage, the main thing is to choose not only which one, but high-quality one. Then there will be no problems. Good luck!
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Biznas
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What is a Bitcoin mixer and how does it work?
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