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More Privacy for Bitcoin Cash Thanks to Tokenshuffle Protocol

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Privacy is a pretty big deal to digital currency proponents and it seems many core developers have been racing for the holy grail of cryptocurrency anonymity. Bitcoin Cash developers have been fervently working toward this goal. Recently, they released a proposal to make BCH transactions anonymous. This step was essential and was requested by the majority of the community members.

Developers in the Bitcoin Cash space are tirelessly working on a new project dubbed “Cashshuffle”. They are reportedly working on a concept that should provide a feature to make BCH transactions anonymous.

According to Roger Ver, the millionaire investor and founder of bitcoin.com, the BCH community is very positive regarding the idea. Some studies have already indicated in the past that privacy and anonymity are particularly important to many crypto investors. It’s no coincidence that privacy-centered cryptocurrencies like Monero, ZCash, and Dash are already attracting the attention of many users.

Tokenshuffle protocol

Bitcoin Cash major developer Chris Troutner published the shuffling protocol concept (Tokenshuffle) on October 12. According to Troutner, Tokenshuffle is a light wallet that uses two types of crypto mixing protocols. Troutner published his gist on Github: He explained:

“Tokenshuffle is a protocol for anonymizing Bitcoin Cash and improving its fungibility. This protocol has similarity to the ideas in Coinjoin and Coinshuffle.  The main goal is to implement it as a light-weight web app that people can anonymously interact with.”

The project should make it possible to use Bitcoin Cash as anonymously as Monero or ZCash. According to the programmers, the privacy feature is due to mature within the next one to two months and will be available soon.

Privacy is a topic that is becoming increasingly important within the crypto market and could soon be seen as a fundamental element. We are curious what further developments will show in this area.

 


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