CoinJoin: Difference between revisions
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coinjoins can have more than two parties |
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'''CoinJoin''' is a special kind of bitcoin transaction which aims to improve privacy. A coinjoin transaction is one where multiple people have agreed to form a single transaction where some of the the outputs have the same value. A casual observer of the blockchain cannot tell which output belongs to whom. | '''CoinJoin''' is a special kind of bitcoin transaction which aims to improve privacy. A coinjoin transaction is one where multiple people have agreed to form a single transaction where some of the the outputs have the same value. A casual observer of the blockchain cannot tell which output belongs to whom. Unlike many other privacy solutions, coinjoin transactions do not require a modification to the bitcoin protocol. | ||
This type of transaction was first described in a post<ref>[https://bitcointalk.org/index.php?topic=279249.0 CoinJoin: Bitcoin privacy for the real world]</ref> by gmaxwell. | This type of transaction was first described in a post<ref>[https://bitcointalk.org/index.php?topic=279249.0 CoinJoin: Bitcoin privacy for the real world]</ref> by gmaxwell. | ||
Revision as of 23:25, 2 March 2015
CoinJoin is a special kind of bitcoin transaction which aims to improve privacy. A coinjoin transaction is one where multiple people have agreed to form a single transaction where some of the the outputs have the same value. A casual observer of the blockchain cannot tell which output belongs to whom. Unlike many other privacy solutions, coinjoin transactions do not require a modification to the bitcoin protocol.
This type of transaction was first described in a post[1] by gmaxwell.
An example 2-party coinjoin transaction. https://chain.localbitcoins.com/tx/c38aac9910f327700e0f199972eed8ea7c6b1920e965f9cb48a92973e7325046 The outputs to addresses 1MUzngtNnrQRXRqqRTeDmpULW8X1aaGWeR and 1Fufjpf9RM2aQsGedhSpbSCGRHrmLMJ7yY are coinjoined.