Wasabi Wallet Summary
- Privacy-focused Bitcoin wallet.
- Implements CoinJoin for transaction anonymization.
- Open-source and non-custodial.
- Available for Windows, macOS, and Linux.
- Integrates Tor for enhanced network privacy.
Wasabi Wallet Definition
Wasabi Wallet is a privacy-centric Bitcoin wallet that utilizes the CoinJoin protocol to anonymize Bitcoin transactions, ensuring enhanced privacy and security for its users.
What Is Wasabi Wallet?
Wasabi Wallet is a Bitcoin wallet specifically designed to enhance user privacy.
It utilizes the CoinJoin protocol to mix multiple transactions, making it difficult to trace individual transactions.
Wasabi Wallet is open-source and non-custodial, meaning users have full control over their private keys.
Who Created Wasabi Wallet?
Wasabi Wallet was developed by zkSNACKs Ltd, a company focused on privacy and cryptography.
The lead developer and founder is Adam Ficsor, also known as nopara73, who is a well-known figure in the Bitcoin privacy community.
When Was Wasabi Wallet Launched?
Wasabi Wallet was officially released in August 2018.
Since its launch, it has undergone several updates and improvements to enhance its privacy features and user experience.
Where Is Wasabi Wallet Used?
Wasabi Wallet is used globally by Bitcoin enthusiasts who prioritize privacy and security.
It is available for download on Windows, macOS, and Linux operating systems.
The wallet can be accessed and used from anywhere in the world, provided the user has an internet connection.
Why Use Wasabi Wallet?
Wasabi Wallet is ideal for users who value privacy and want to keep their Bitcoin transactions anonymous.
The CoinJoin feature mixes multiple transactions, making it difficult for third parties to trace the origin and destination of funds.
Additionally, the wallet integrates Tor, further enhancing network privacy by hiding the user’s IP address.
How Does Wasabi Wallet Work?
Wasabi Wallet works by implementing the CoinJoin protocol, which combines multiple transactions into a single transaction.
This process involves several users contributing inputs and outputs, which are then mixed together to obfuscate the transaction history.
The wallet also uses Tor to route all network traffic, ensuring that user IP addresses are hidden.
Users can easily download and set up Wasabi Wallet, following the on-screen instructions to create a new wallet and start using its privacy features.
