EdwinPycle
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CoinJoin is a type of anonymous transaction that helps Bitcoin users continue their monasticism while sending Bitcoin. CoinJoin is a multiparty "Bitcoin mixing" arrangement at the close of which it is unclear who owns which coin.
Upon the following transactions made at the identical dated: A purchases an component from B, C purchases an particular from D, and E purchases an piece from F. Without CoinJoin, the civil blockchain ledger would list three break to pieces transactions as a service to each input-output match.
With CoinJoin, only https://bitcoin-mixer.reviews - bitcoin mixer lone single goings-on is recorded. The ledger would guide that Bitcoins were paid from A, C, and E addresses to B, D, and F. By masking the deals made by all parties, an spectator cannot with jam-packed certainty discover who sent Bitcoins to whom.
While some have faith that CoinJoin is a new technology, this is not valid. CoinJoin is simply an advancement on already existing technology – Bitcoin. And Bitcoin mixers bring CoinJoin technology to users.