{"id":116891,"date":"2021-07-06T19:30:45","date_gmt":"2021-07-06T14:00:45","guid":{"rendered":"https:\/\/blog.forumias.com\/?page_id=116891"},"modified":"2021-07-06T19:30:45","modified_gmt":"2021-07-06T14:00:45","slug":"what-is-a-coin-mixer","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/what-is-a-coin-mixer\/","title":{"rendered":"What is a coin mixer?"},"content":{"rendered":"<p>Cryptocurrency transactions are all recorded on a distributed, public blockchain ledger, which means that anyone can access these records. By inputting a public address in a block explorer, one can get information about all transactions made to and from this address. But, some parties may still seek anonymity, which is why coin mixers were created.<\/p>\n<p>Coin mixers are <strong>software companies<\/strong> which serve as a middleman between parties looking to send and receive cryptocurrencies.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>For example<\/strong><\/span>:<\/p>\n<ul>\n<li>Person A is looking to send Person B one Bitcoin (BTC); however, they do not want this transaction to be traceable.<\/li>\n<li>Person A would turn to the services of a coin mixer company. They will send the amount of Bitcoin to the coin mixer.<\/li>\n<li>The coin mixer will then combine this transaction with numerous other transactions (other users employing the services of the coin mixer), accumulating a larger amount of the same cryptocurrency and then <strong>redistributing<\/strong> it to the selected receiving addresses.<\/li>\n<\/ul>\n<p>Coin mixers are increasingly <strong>popular among cryptocurrency\u00a0whales<\/strong>, who are looking to hide the amount of cryptocurrency they have. Large holdings of cryptocurrency can attract unwanted attention towards a holder\u2019s address, thus putting them at risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency transactions are all recorded on a distributed, public blockchain ledger, which means that anyone can access these records. By inputting a public address in a block explorer, one can get information about all transactions made to and from this address. But, some parties may still seek anonymity, which is why coin mixers were created.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/what-is-a-coin-mixer\/\">Continue reading <span class=\"screen-reader-text\">What is a coin mixer?<\/span><\/a><\/p>\n","protected":false},"author":10308,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-116891","page","type-page","status-publish","hentry","entry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/116891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10308"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=116891"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/pages\/116891\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=116891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}