Trezor, the cryptocurrency hardware wallet firm, has decided to expand the privacy of the cryptocurrency Bitcoin and its transactions through collaboration with Wasabi Wallet- which is privately focused.
The hardware wallet firm has already rolled out the privacy-enabling CoinJoin feature on the wallets, which would allow the user to enhance the security, as well as the privacy of the Bitcoin transactions. This announcement took place on 19th April, when the hardware firm noted that the new function was immediately live on the Model T Wallet of company. This company now plans to enable the CoinJoin option for the first hardware wallet in the near future in the form of the Model One.
Trezor Has Collaborated With Wasabi To Protect Bitcoin
For those wondering, CoinJoin is a process that has been used to anonymize the transactions of Bitcoin that would enable the users to send their tokens as a part of the large transfer- one that would also obfuscate the transactional history. This method was initially introduced by Gregory Maxwell, a former Bitcoin core developer, in 2013, providing an option to send BTC transactions completely privately. The new collaboration of Trezor with Wasabi would enable the CoinJoin option on the wallets and would also allow users to hide this transaction.
In order to enable CoinJin, one would need to create a new account on the main menu on Trezor. The selection of this new feature is already available alongside several other account types- that would include Bitcoin Taproot accounts and Segregated Witness. In order to maximize privacy, the CoinJoin feature on this company would also prompt the user to allow the anonymous communication protocol, which is TOR.
