Privacy is important in the cryptocurrency ecosystem to a large number of individuals, and people believe private transactions are needed badly these days in a society watched by the ‘deep state.’ Because people find privacy to be extremely important, some developers have designed bitcoin mixers and tumblers that help obfuscate cryptocurrency transactions recorded on public blockchains. One specific project in the works called Bob Wallet offers a privacy-centric client that enables users to move BTC and BCH from a public wallet to a private wallet in a secretive fashion.
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Cryptocurrency Privacy: The Great Cat and Mouse Game Continues With Constant Pursuit
Cryptocurrencies have become very popular and alongside this trend, blockchain surveillance has also increased exponentially, and there are a lot more people snooping around publicized blockchain transactions. Companies like Chainalysis and Elliptic and many more organizations are monitoring public blockchain networks such as Bitcoin Core (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). One developer has created a wallet that aims to help bitcoin transaction fungibility and make it harder for people to trace transactions.
This week the Bob Wallet developer added bitcoin cash (BCH) support.
Bob Wallet Adds Bitcoin Cash Support
The open source project Bob Wallet is a different type of wallet that doesn’t allow you to make payments to others as its only purpose is to allow the movement of funds from your public wallet to a private wallet in an isolated manner. The Bob Wallet project is currently in beta form and should only be used in Testnet for now until the software is thoroughly tested, explains the wallet developers. Last week on July 2nd the Bob
