Tornado cash is simply a blockchain privacy solution. It enables Ethereum users to break links in on-chain transactions by allowing them to send ETH and ERC-20 deposits through its smart contract service and withdraw their crypto to a new address, such that there is no link between the deposit and the withdrawal address.
This mechanism has improved the transaction privacy between the recipient and destination address. However, why was the protocol sanctioned by the US Treasury? Watch this video to find out the full story!
Article:
https://www.coingecko.com/learn/what-is-tornado-cash-and-how-does-it-work
Links:
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/
Timestamps:
00:00 Intro
02:04 What’s Tornado Cash
02:31 Mechanism Behind Tornado Cash
04:06 Being Sanctioned By The US Treasury
06:48 Outro
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#blockchain #web3 #tornadocash #crypto #cryptocurrency #moneyheist #moneylaunderingcase #sanctions #finance #tornado
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