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Hardware wallet manufacturer Trezor and zkSNACKs have announced a collaboration to add the CoinJoin feature to the Trezor Model T. It will anonymize bitcoin transactions.
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The CoinJoin function is already in severalsoftware wallets, but it has not yet been available on hardware wallets. It allows you to combine several transactions in the Bitcoin network into one to hide the amount of transfer and user addresses. The Trezor Model T will be the company's first hardware wallet to feature this feature. In the future, it may appear on the Model One.
The user simply clicks on the button“anonymize transaction” and then selects the number of CoinJoin stages. The more stages, the more secure the transaction will be. After that, the user confirms the transaction on his Trezor wallet and that's it, the transaction is sent. The anonymization process is automated and will not require further user intervention,” Trezor said in a press release.
Trezor CEO Matej Zak stressed that the company values user privacy, and he is pleased that a way has been found to anonymize transactions.
The company previously reported that it had gained direct control over the creation of silicon chips for its hardware wallets.