CashShuffle, BCH Privacy Tool, Updates Timeline

CashShuffle, BCH Privacy Tool, Updates Timeline

Exactly how much money you make and what you should do with it in turn is no one else’s business but your own, and if you should wish to fully safeguard this information from prying eyes, such options should be readily available for you to do so. Lately, there have been an avalanche of innovations being built on top of Bitcoin Cash (BCH) in this regard: Wormhole and MoneyButton are good examples. Now it appears CashShuffle is updating its timeline. 

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CashShuffle Updates Timeline

First, it was Wormhole, the solution proposed for tokenization on the Bitcoin Cash network. Next, it was MoneyButton, a sleek option for tipping and making seamless payments using Bitcoin Cash. At CoinSpice, we love MoneyButton, and that is why we have implemented it on our website as a tipping mechanism. CashShuffle, BCH Privacy Tool, Updates Timeline

Now, it appears CashShuffle is updating its timeline. While these variety of innovations is nothing short of enthralling, certain areas of development have been notably stagnant by comparison. Improvements being made into privacy options for Bitcoin Cash transactions have been neglected since the concept of CashShuffle was presented some time ago. CashShuffle is a service that lets people make anonymous Bitcoin Cash transactions by implementing a new step into the transaction routine called shuffling. By way of this process, transactions that require an extra layer of anonymity are delivered to a common public address as opposed to the end address it was intended.

Upon arrival, each transaction gets mixed into a batch with other transactions from users of the service as well. The service then automatically forwards each transaction to its respective destination so as to purposely obfuscate the true origin of each particular transaction.

CashShuffle, BCH Privacy Tool, Updates Timeline

More Thoroughly Anonymous Means

While some people are happy with keeping their transactions pseudo-anonymous (vis-à-vis the standard anonymity rendered by public key cryptography), other individuals who move more money around are typically very interested in keeping their transactions secured by more thoroughly anonymous means.

How much money you make, and what you should do with it in turn, is no one else’s business but your own. If you should wish to fully safeguard this information from prying eyes, such options should be readily available for you to do so.

CashShuffle, BCH Privacy Tool, Updates Timeline

With all of this in mind, we should all be quite happy to find that a new roadmap for CashShuffle has been announced on a recent Reddit post. The devs helming the effort have expressed their intent to solve some of the more pressing issues involved in integrating shuffling so as to popularize the use of this tool.

Liquidity Problem

One issue devs talked about specifically was the liquidity problem that this service may pose to wallets. Speaking to their intended solution, the devs state that the issue will be addressed by pre-shuffling transactions seamlessly in the background, so that whenever you need to make a transaction, it will already be anonymized and ready to go.

CashShuffle, BCH Privacy Tool, Updates Timeline

Another important issue raised was the setup of the service itself. Currently, to use CashShuffle you first need to install the Electron Cash Wallet, and then download and integrate a plugin. To smooth this out a bit, efforts are being made to make the service directly available within the Electron Wallet out of the box. Such a feature arriving built right into the wallet would save users the hassle of dealing with another step in the setup and configuration process.

We are really quite excited about the possibilities and features being brought to BCH through this anonymity feature. It’s another reason why BCH is one of the most utilitarian and spiciest cryptos making the electronic rounds today.

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