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News

Trezor Puts Privacy First By Refusing Coinjoin UTXOs

April 21, 2023 - Around 2 mins mins to read

Key Points:

  • Trezor denies certain UTXOs to protect privacy of other users.
  • A Trezor representative stated that they aim to prevent UTXOs that are already under surveillance from harming the privacy of other participants.
  • No on-chain data analysis company receives any coins; instead, a risk score is returned based on UTXO entering the coinjoin.
Trezor, a hardware wallet manufacturer, has been making headlines recently due to concerns about censorship.
Trezor Puts Privacy First By Refusing Coinjoin UTXOs

It has been reported that Trezor denies some UTXOs from entering the coinjoin coordinator in order to protect the privacy of other users. However, Trezor has come out to deny these allegations and has given an explanation for its actions.

To address these concerns, Trezor has implemented measures to ensure that certain UTXOs (Unspent Transaction Outputs) are denied entry into the coinjoin coordinator. According to a representative from the company, this is done to protect the privacy of other users who may be associated with these UTXOs that are already under surveillance due to their connection to serious crimes.

While Trezor acknowledges the sensitivity of the matter, the company emphasizes that their refusal to allow certain UTXOs into the coinjoin coordinator is done with the aim of supporting coinjoin transactions and providing individual users with privacy. It is important to note that no on-chain data analysis company receives any coins, instead, a risk score is returned based on the UTXO entering the coinjoin. Some UTXOs may be refused if they are flagged as under scrutiny based on the risk score.

Trezor also confirms that they cannot check individual users or track or report on their activity since coinjoin is enabled via Tor, the anonymization network, and block filters are used. The company remains committed to ensuring the privacy of their users and has provided additional information on their approach to coinjoin on their official website.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Coinjoin UTXOs

hardware wallet manufacturer

Trezor

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Trezor Puts Privacy First By Refusing Coinjoin UTXOs

Key Points:

  • Trezor denies certain UTXOs to protect privacy of other users.
  • A Trezor representative stated that they aim to prevent UTXOs that are already under surveillance from harming the privacy of other participants.
  • No on-chain data analysis company receives any coins; instead, a risk score is returned based on UTXO entering the coinjoin.
Trezor, a hardware wallet manufacturer, has been making headlines recently due to concerns about censorship.
Trezor Puts Privacy First By Refusing Coinjoin UTXOs

It has been reported that Trezor denies some UTXOs from entering the coinjoin coordinator in order to protect the privacy of other users. However, Trezor has come out to deny these allegations and has given an explanation for its actions.

To address these concerns, Trezor has implemented measures to ensure that certain UTXOs (Unspent Transaction Outputs) are denied entry into the coinjoin coordinator. According to a representative from the company, this is done to protect the privacy of other users who may be associated with these UTXOs that are already under surveillance due to their connection to serious crimes.

While Trezor acknowledges the sensitivity of the matter, the company emphasizes that their refusal to allow certain UTXOs into the coinjoin coordinator is done with the aim of supporting coinjoin transactions and providing individual users with privacy. It is important to note that no on-chain data analysis company receives any coins, instead, a risk score is returned based on the UTXO entering the coinjoin. Some UTXOs may be refused if they are flagged as under scrutiny based on the risk score.

Trezor also confirms that they cannot check individual users or track or report on their activity since coinjoin is enabled via Tor, the anonymization network, and block filters are used. The company remains committed to ensuring the privacy of their users and has provided additional information on their approach to coinjoin on their official website.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

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