Table of Contents

On March 3, the early contributor of Tornado, Ameen Soleimani, recently created a forked version of Tornado – Privacy Pools. This product aims to become a better Ethereum coin mixer.

Tornado contributor launched the forked product Privacy Pools to bypass the federal government regulation

I. Introduction

II. Overview of Tornado

III. What is Privacy Pools?

A. How is it different from Tornado?

IV. Benefits of Privacy Pools

A. Enhanced Privacy

B. Lower Fees

V. How to Use Privacy Pools

A. Creating a Private Pool

B. Joining a Private Pool

VI. Potential Risks

VII. Future Development

VIII. Conclusion

IX. FAQs

# On March 3, the early contributor of Tornado, Ameen Soleimani, recently created a forked version of Tornado – Privacy Pools. This product aims to become a better Ethereum coin mixer.

I. Introduction

Tornado is a popular Ethereum coin mixer that allows users to maintain their privacy on the blockchain. Ameen Soleimani was an early contributor to Tornado and is now creating a forked version called Privacy Pools.

II. Overview of Tornado

Before we dive into Privacy Pools, let’s take a moment to understand the basics of Tornado. Tornado is a coin mixer that allows users to send and receive Ethereum without revealing their identity. It works by mixing a user’s funds with other users’ funds before sending the coins to their desired address.

III. What is Privacy Pools?

Privacy Pools is a forked version of Tornado that aims to improve upon its predecessor. The main difference between the two is the way coins are mixed. In Tornado, coins are mixed with a group of users that volunteer to join the pool. Privacy Pools, on the other hand, allows users to create their own private pools with friends or acquaintances. This allows for even greater privacy as users can ensure that they are only mixing coins with people they trust.

A. How is it different from Tornado?

In addition to the privacy enhancements, Privacy Pools also includes lower fees. This is because users can split the cost of the mixing fees among themselves rather than paying a fee for a larger, public pool.

IV. Benefits of Privacy Pools

Privacy Pools has several advantages over Tornado.

A. Enhanced Privacy

Creating private pools with people you know enhances the already complex privacy measures employed in coin mixing. Users can feel more confident that their transactions are truly anonymous.

B. Lower Fees

With Privacy Pools, you can split the cost of the mixing fees among a smaller group of people. This can be a significant cost savings over using a large, public pool.

V. How to Use Privacy Pools

Using Privacy Pools is a straightforward process.

A. Creating a Private Pool

To create a private pool, users must first deposit their coins into Privacy Pools. They can then invite other users to join their pool. Once all members have deposited their coins, the mixing can begin.

B. Joining a Private Pool

Joining a private pool is also a simple process. The pool owner sends an invitation link to potential members. Once a member has been added to the pool, they can deposit their coins and begin mixing.

VI. Potential Risks

As with any new product, there are some potential risks to using Privacy Pools. One of the main concerns is the reliability of the mixer. If there is a glitch in the code or a problem with the servers, users could lose their coins. Additionally, creating and managing private pools could be a daunting task for some users.

VII. Future Development

Privacy Pools is still in its early stages, and there is plenty of room for development. Soleimani has plans to add more features, such as the ability to mix other cryptocurrencies.

VIII. Conclusion

Privacy Pools is a promising new Ethereum coin mixer that could become a worthy rival to Tornado. With enhanced privacy measures and lower fees, it’s a strong option for those seeking to keep their transactions anonymous.

IX. FAQs

1. Is Privacy Pools difficult to use?
Not at all! The process of creating or joining a pool is straightforward.
2. Is Privacy Pools safe to use?
As with any new product, there are some risks involved. However, the development team is working hard to ensure that the product is as secure as possible.
3. Can I mix coins other than Ether on Privacy Pools?
Not yet, but Soleimani has plans to add support for other cryptocurrencies in the future.