Tornado Cash TORN
$2.7206 2.82%
Latest Updates
Updated at 08:49$14,316,829.11
#971
$57,656.3 52.36%
-$0.07685 2.82%
+$0.39879 14.66%
What about Tornado Cash?
Tornado Cash (TORN) is a decentralized, non-custodial privacy solution built on the Ethereum blockchain. It allows users to anonymize their Ethereum (ETH) and other ERC-20 tokens by creating a pool of deposits, mixing them, and then distributing the same amount of tokens back to the users. This process makes it difficult for anyone to trace the origin of the tokens, thereby increasing privacy and making it difficult for anyone to track the transactions made.
The Tornado Cash protocol operates in a decentralized manner, with no single entity controlling it. Users can interact with the protocol through a decentralized application (dApp) running on the Ethereum network. The dApp allows users to create and manage their deposits, as well as monitor the progress of the mixing process. The mixing process is executed by smart contracts that ensure the privacy and security of user funds.
Tornado Cash is unique in that it allows users to create custom pools with varying levels of anonymity. The more times a pool is used, the more difficult it becomes to trace the origin of the tokens. Users can choose to participate in a pool that has already been used many times or create their own pool, which may offer a higher level of anonymity. This flexibility makes Tornado Cash a versatile privacy solution that can cater to the needs of different users.
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Trending
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+$0.01307 10.70%
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+$8.1915 8.15%
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