Chainalysis started tracking transactions with Dash and Zcash cryptocurrencies

06/08/2020

Alex Kondratyuk

Analytics firm Chainalysisadded support for Dash and Zcash cryptocurrencies to its product called Reactor.

</p>

The company's blog says that Reactor users will now be able to verify transactions with coins, "the daily trading volume of which is $ 1.5 billion."

Dash and Zcash are privacy-focused cryptocurrencies. The first, for example, has a PrivateSend option - a built-in mixer based on the CoinJoin method.

Zcash has a shielding feature that also allows you to hide blockchain activity. According to experts at Chainalysis, the shielding pools of this cryptocurrency provide privacy more efficiently than mixers.

The company stressed that despite the anonymousnature, it is possible to link the inputs and outputs of transactions sent via PrivateSend, and in some cases determine the source wallet address.

"This means that while PrivateSend does increase privacy, successful research can still be conducted.", - said representatives of Chainalysis.

The experts added that PrivateSend technology is used in only 0.7% of Dash transactions. The share of Zcash transactions using shielding pools is 14%.

Formerly prominent crypto-philosopher Andreas Antonopoulos has expressed his belief that companies like Chainalysis are violating the civil rights of millions of people around the world.