What Is a Crypto Mixing Protocol?

Krutika Adani

Erases Origin of Transactions

A crypto mixer or a crypto tumbler erases the origin of a transaction by mixing the crypto with multiple other transactions and then paying the beneficiary from the mix.

General Uses

Mostly, such mixers are used by either money launderers or privacy-focused users.

Laws Around Crypto Mixers

Typically, the usage of such crypto mixers is prohibited globally due to concerns regarding the nature of the users using those platforms.

Controversies

Crypto mixers have been used to fund multiple terror organisations as well as to launder billions of dollars of illicit money.

Examples

Notable crypto mixers include Tornado Cash and the Monero Blockchain.

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