Users can now mix their Bitcoin Cash transactions anytime—even when there are no other participants in the shuffle.
“We just did a test on CashShuffle (alpha) and it worked! A few more things need to be fixed before it can be released to the public, but it’s awfully exciting,” u/imaginary_username posted on Reddit.
For those who are not familiar with shuffling transactions, it is a way to combine your transactions with transactions from other users to obfuscate them. This is a privacy feature that makes it absolutely difficult for others to take a peek at what your transactions are.
Previous protocols like the CoinShuffle for the legacy chain (BTC) implemented a similar service. But CashShuffle extends the service by providing a matching service, fulfilling the “trustless” nature of the transaction.
The liquidity bot makes all of this better. It was created to solve the problem wherein users have no one to “shuffle” with, and enables users to shuffle their transactions anytime—even when there are no other live users joining the mix.
And all of this is free.
It can be used in conjunction with yet another free wallet for Bitcoin Cash, Electron Cash, which has been working with CashShuffle to make both easy to use together.
Electron Cash is a wallet that allows users to keep their private keys without subjecting them to the gruelling task that is downloading the entire blockchain and syncing with it every time. It’s a hot and cold wallet hybrid—restricting online access so that signing with your private keys is done offline, where it’s safe from hackers. With Electron Cash, users go online with a “watching-only wallet.” More info on what that means here.
Its creator, Jonald Fyookball, wrote a quick tutorial on how to test CashShuffle on Electron Cash in a Yours post for those who need help setting things up.
In a statement to CoinGeek, Fyookball said: “It’s nice to see the progress that Cash Shuffle is making. A lot of people had hoped for something like this in Bitcoin for a while. I’m glad that the desire for fungible peer to peer cash is alive and well in BCH.”
For those who are interested but have questions not already answered in the links provided, you can join the community discussion on Reddit. They’re pretty friendly and more than willing to assist “not very tech-savvy guys” like RavenDothKnow right here.
Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
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