Mycelium Announces Successful CoinShuffle Implementation

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The Mycelium wallet is the most popular solution for Android users all over the world. Keeping one’s funds safe from potential harm while still being able to spend it conveniently is what makes Mycelium a great solution. But the company is looking to add some more privacy, and they are working on CoinShuffle implementation on the testnet.

CoinShuffle Is An Interesting Option For Privacy

What CoinShuffle does is effectively “mix” Bitcoin transactions. In doing so, the technology will remove any trace as to where funds are coming from or where they are going to. However, CoinShuffle is a more advanced version of traditional Bitcoin mixing, thanks to its complete decentralisation. As a result, there is no trust factor involved.

But there is more, as CoinShuffle relies on CoinJoin to prevent any Bitcoins from being stolen during the mixing process. It is also compatible with any service or company in the Bitcoin world, as CoinShuffle runs on top of the cryptocurrency protocol. More importantly, there are no additional fees required to shuffle coins, which is very different from other mixing services.

Furthermore, CoinShuffle requires far less computational power to complete its service. By

Read more ... source: LiveBitcoinNews

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