Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Tornado Cash is a decentralized protocol designed for those looking to transact privately on the Ethereum blockchain. This protocol helps solve the privacy problem on Ethereum because whenever you buy or sell on that blockchain, your transactions are public. It's not like the blockchain will publicly post your name, but your address will be. For that reason, Ethereum is considered pseudonymous. However, if an observer can connect you to a wallet address, they can track you with research tools like Etherscan.
That means they could track things like the source of your funds, your balances, and your payments. In short, they could analyze your on-chain activity, including your entire transaction history. That's because transparency is the default position of Ethereum.
So, this is why Tornado Cash has introduced private transactions. They exist to serve those who want anonymity and complete privacy. Therefore, if you're one of those people who doesn't like others snooping on your...