Why should you try mixing your cryptocurrency?
You should decide to provide mixing of your crypto coins to guarantee your privacy protection. There is no need to inform everyone about your choice of fund spending, your ways of receiving bitcoins, and your digital wallet rank. See the story of a person who has succeeded in his cryptocurrency operations. He/she should never give the relevant information about earnings to the landlord because of the possible decision to maximize the fees for housing. In some situations, people decide to buy the forbidden items because they really need them, ignoring the widespread criticism of these products.
A ghost-writer may express his desire to receive money for his texts even if the accepted laws ban his activity. A young girl may determine to buy condoms without hemother’ss’ permission. A politician in the city of the opposite political power may be engaged in charity activities to support his leader without considering the opinions of his co-members. A rich Bitcoin user must never disclose his possessions, as he could face illegal actions like fraud, theft, illegal seizure by criminals, and other offenses.
Is the coin mixing process attractive only for offenders?
As mentioned above, coin mixing procedures are not intended only for offenders. Actually, privacy is recognized as one of the primary rights of people supported by Article 12 of the United Nations Universal Declaration of Human Rights. Certainly, lawbreakers fail to gain from all types of privacy, together with the privacy type obtained from mixing coin operations. They take full advantage of the rights given to all people; that is the cost of our desire to be a citizen of a democratic country. In the countries that are less democratic, lawbreakers exist too, pretending to be honest, law-abiding people. Really, the recognition that Crypto Mixers technologies are widely utilized by offenders tends to be untrue. Based on a recent study completed by blockchain specialists, these mixing systems are mainly developed for consumption by systematic players on the Bitcoin platform that merely desire privacy protection. Bitcoins that are intended for illegal goals present the smallest part of all mixed items.
Illustration of the key types of mixers
To start the research of the existing mixing techniques, it is necessary to explore 10 of them, which are characterized as centralized mixing services. Most of them were represented as messages on Bitcointalk, the primary web forum launched by Nakamoto in the year of 2009. The first propositions of digital money, combined with necessary messages and technological issues, usually occur on this forum. Furthermore, aimed to gather the proper specific features that could help to see the whole picture of these processes.
The table N1 shows the main elements of the main mixers. The results of their study point to certain simplified features presented in Table N2. The use of ‘checkmark’ allows demonstrating that the mixer provides the feature, a nd the use of ‘x’ means that it is unavailable. The use of a ‘dash’ shows the lack of a feature. The obtained data is focused on the facts found on the website of the described mixing service and does not assume initiation of any deal.
