The privacy-focused Bitcoin wallet Wasabi has announced today a new version of Wasabi Wallet 2.0. The latest product is expected to release sometime between the next three to 14 months. Driving Bitcoin Adoption Through Wasabi Wallet 2.0 Wasabi Wallet is a Bitcoin mixer from bitcoin privacy company zkSNACKs. It’s an open-source desktop wallet that uses the CoinJoin mixing method to hide the transaction history of multiple bitcoin payments from different parties into a single transaction. This way, outside parties will have a difficult time tracing individual transaction histories. The new upgrade comes with a new CoinJoin algorithm and an anonymous credential scheme called WabiSabi. The intention of the upgrade includes driving Bitcoin adoption by implementing the WabiSabi protocol and making CoinJoins automatic by default. The official blog post states: “Wasabi 2.0 is a next-generation Bitcoin privacy wallet that will finally bring confidentiality within reach of any Bitcoin user, not just the technically inclined. Wasabi 2.0 may be Bitcoin’s last stand in the fight for becoming “good money.” As Wasabi is a non-custodial wallet, it doesn’t hold any actual wallets. It instead coordinates through Tor by concealing users’ IP addresses. The announcement further stated that the new upgrade will get a full UI rewrite and improvements on the UX to make CoinJoin an easy experience. CoinJoin Popular Even Among Average Users CoinJoin is quite known in the crypto community to hide transactions on the bitcoin blockchain. Even during the recent infamous Twitter attack, hackers used CoinJoins via Wasabasi to hide the stolen bitcoin transactions, as also during September’s KUCoin’s attack. Despite the proclivity of hackers, even average users are allured towards using Wasabi Wallet for privacy reasons. For instance, Twitter user @Bittlecat, in its article last year that discussed Binance’s potential monitoring of CoinJoin through Wasabi: “I use wasabi wallet precisely because I dislike the thought of my transactions being watched. It is the same reason we close the toilet door when we do our business—not because we are doing anything illegal, but because we want privacy.”
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