What is Bitcoin Mixer?
What is Bitcoin Mixer?
Bitcoin Mixer, also known as bitcoin mixing solutions, is a system that allows you to protect your wallet privacy by mixing your transfer transactions. It is not defined who is the owner of a Bitcoin wallet. These wallets have aliases of letters and numbers known as 'pseudonymus' that are not registered in any person's name. As the owner of the wallet, when you make a transfer, it is not known that you are the one who made this transfer, but your wallet's nickname will appear. If it is known that you are the owner of this pseudonymous wallet, all the transfers you make with this wallet can be tracked on the blockchain. Bitcoin mixer systems provide you with solutions to protect your privacy. There are two types of Bitcoin mixer solutions currently available;
Central Bitcoin mixing services allow you to receive your Bitcoin and send it to a new Bitcoin wallet you created. Thus, it complicates the transfers you have made and makes it difficult to follow these transactions on the blockchain. When you receive such a service, you still give your identity to the central Bitcoin mixer you use. If the central mixer wants and / or has to share this information, it can do so. For this reason, the privacy you want to have is in danger once again. Another thing is that the central mixer you work with has to be reliable. Otherwise, after receiving your Bitcoin from you, it will not transfer it to your other wallet and may steal your Bitcoins.
Decentralized Bitcoin mixers provide solutions to these two situations that can be encountered in centers. Since it is not connected to a center, you can prevent your Bitcoin from being stolen or your identity being shared by others. The working principles of decentralized Bitcoin mixers are; When a group comes together and makes a big transfer to them. After this process, it is not possible to determine the origin of the transferred Bitcoins. All users involved in the mixer must approve the transaction for this action to take place. Thus, in a circle of trust, you can transfer knowing that your privacy and Bitcoin are safe.
Should We Use Bitcoin Mixers?
Anyone who does not want their transfers to be tracked can benefit from Bitcoin mixer services. Although the blockchain network your name will never be visible, such an additional measure may be preferred.
Can Bitcoin Mixer Services Be Blocked?
Although it is a situation that varies according to the laws of the countries, this is possible. Centralized Bitcoin Mixer services can be shut down and blocked when it is a judicial process. While this is still possible for decentralized mixer services, such an unauthorized service is more difficult to shut down and block. For this reason, you can choose decentralized Bitcoin mixers in such a situation.