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Tornado Cash

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Volume
The fiat value of incoming dapp transactions over a period of time
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Contract Balance
The total fiat value of assets in a dapp's smart contracts
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Category
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Blockchain
Ethereum
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Social media

News

New Study Reveals Profitable Mispricing in Prediction Markets

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A recent academic paper highlights significant mispricing opportunities in Polymarket, allowing savvy traders to profit.

Иван Смирнов

Prediction Market Gains Traction on Jerome Powell's Tie Choice

Prediction Market Gains Traction on Jerome Powell's Tie Choice

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A prediction market is gaining traction regarding whether Fed Chair Jerome Powell will wear a purple tie during the September FOMC press conference.

Артём Григорян

Dedollarization Accelerates as Chinese Yuan Usage Surges

Dedollarization Accelerates as Chinese Yuan Usage Surges

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The usage of the Chinese yuan in global trade has more than doubled since 2022, indicating a significant shift towards dedollarization.

Дмитрий Коваленко

What is Tornado Cash?

Tornado Cash — a service that allows you to send Ethereum 100% anonymously, using the zksnarks zero knowledge protocol, served through Ethereum smart contracts.

Contents:

Tornado Cash dapp

Description of the Ethereum project Tornado Cash

The new tornadocash tool allows you to send Ethereum cryptocurrency 100% anonymously, using innovative, non-custodial technology, based on strong cryptography. Tornado improves transaction privacy by breaking the chain link between recipient addresses. It uses a smart contract that accepts ETH deposits that can be withdrawn at a different address. Whenever ETH is withdrawn to a new address, there is no way to link the withdrawal to the deposit, ensuring complete confidentiality. Accordingly, Tornado Cash acts as a proxy to ensure that the transaction is 100% anonymous with zkSnarks proof.

Whenever ETH is withdrawn to a new address, there is no way to link the withdrawal to the deposit, ensuring complete confidentiality. Thus, Tornado Cash acts as a proxy server to ensure that the transaction is 100% anonymous with zkSnarks proof.Tornado Cash

To make a deposit, the user generates a secret and sends it a hash (called a commitment) along with the deposit amount to the Tornado smart contract. The agreement accepts a deposit and adds a commitment to its deposit list.

How to make a deposit:

1. Select a token and amount to deposit.
2. Click Submit.
3. Back up Note.
4. Click "Submit Deposit" and confirm the transaction.
5. Wait for the transaction to be mined.

The anonymity set is basically a dimension of anonymity. It shows how many deposits are still waiting for withdrawal. In other words, how many deposits your mixed ETH value can come from. TORN is an ERC20 compliant fixed-delivery token that powers TornadoCash.

More about Ethereum dapp

There is no WhitePaper document on the site. Instead, a guide to work is available, as well as a blog on the Medium site. Subscribe to read the latest news.

From social networks, the community actively conducts:

  • twitter;
  • telegram;
  • GitHub.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.