Published On: Tue, Jun 6th, 2017

ChipMixer : Building a Better Bitcoin Mixer

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One of the pillars of Bitcoin’s popularity is also one of its biggest misconceptions and that is anonymity. It is true that Bitcoin is more difficult to trace than other types of transactions but it is not truly anonymous. Because of this, bitcoin users are continuously searching for new and better ways to anonymize their transactions.
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Bitcoin Mixers and Tumblers
Traditional bitcoin mixers and tumblers combine your bitcoins along with many other people’s bitcoins and the mixer’s own reserves as well. Then they send the equivalent of your original deposit in someone else’s bitcoins to the BTC address you specify.
The problem with this method is that because all of the transactions are bitcoin transactions, they are all recorded on the blockchain and are therefore traceable. There is also an added risk that if the bitcoins you receive were used for something illegal, that can, in theory, be traced back to you as well.

What is ChipMixer?
ChipMixer is different than any other bitcoin mixer that has come before it. Instead of simply combining your bitcoins with those of other users, they have developed a chip-based …

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