Ledger Partners With Wasabi Wallet
Ledger, the number one supplier of hardware wallets made to keep cryptocurrencies like Bitcoin (BTC) secure, has announced plans to join forces with privacy project Wasabi to bring CoinJoin cryptocurrency mixing to Bitcoin transactions on its hardware wallet.
The partnership was Confirmed on Twitter through both of their respective accounts. This new collaboration aims to enable Treazor users with the greater transaction privacy CoinJoin provides.
CoinJoins is a coin mixer that groups Bitcoin transactions together to hide their original address. The Wasabi wallet is a Bitcoin wallet made with CoinJoin technology by the software company zkSNACKs.
Trezor provides cold storage for digital assets; wallets that safely store cryptocurrency off the blockchain.
Wasabi Wallet developer Rafe told Decrypt that the goal is for Trezor users to be able to send private coins directly from their hardware wallets.
"You will be able to join our zkSNACKs WabiSabi CoinJoin rounds with your hardware wallet in the Trezor Suite application," he said, explaining that WabiSabi is a new CoinJoin protocol.
"The reason why Trezor is integrating this is because this is the most advanced CoinJoin protocol out there by far," he said.
The lead of community and reputation management at zkSNACKs Karo Zagorus, added that the team-up origins began with talks in 2019 and is a “phenomenal achievement.”
Individuals at Wasbi Wallet and zkSNACKs believe that crypto privacy and keeping your digital assets safe is more important than ever. Due to their belief in government and regulation overreach, and the potential for finical transactions to be used to track private citizens.
As well as believing in keeping your asses safe, WasbiWallet is working on tools to make Bitcoin more private. Contrary to popular belief, Bitcoin is easily traceable and not anonymous at all.
Coin Mixers have been a hot topic of conversation recently as the U.S recently sanctioned Tornado Cash. The Treasury Department banned Americans from using the coin mixer, which allowed users to make private Ethereum transactions, because it claimed criminals had used it to launder dirty funds.
Privacy is Key to keeping Crypto alive.