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  • 30d volume:$303.26B
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Tornado Cash

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Blockchain
Ethereum
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News

UK Legislation Enhances Legal Status of Digital Assets

UK Legislation Enhances Legal Status of Digital Assets

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The UK has officially classified digital assets, including cryptocurrencies and stablecoins, as property, enhancing protections for users.
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Mohamed Farouk

Iran Unveils Major Gold Discovery in South Khorasan

Iran Unveils Major Gold Discovery in South Khorasan

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Iran has announced the discovery of a major gold deposit in the Shadan gold mine, estimated at 61 million tonnes, which is expected to enhance its economic strategy under ongoing sanctions.
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Elias Mukuru

Nexchain's Structured Pricing Attracts Users Seeking Predictable Returns

Nexchain's Structured Pricing Attracts Users Seeking Predictable Returns

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Nexchain's stage-based structure offers a fixed price of $0.116 in Stage 29, providing users with predictable conditions during volatile market periods.
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Maria Fernandez

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 It uses a smart contract that accepts ETH deposits that can be withdrawn at a different address. Whenever ETH is withdrawn to a new address, there is no way to link the withdrawal to the deposit, ensuring complete confidentiality.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Whenever ETH is withdrawn to a new address, there is no way to link the withdrawal to the deposit, ensuring complete confidentiality.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.