Decentralized mixer 'Tornado' goes open source to increase transparency
Categories: Crypto News US
Decentralizedmixer 'Tornado' goes open source to increase transparency
Popular DeFi privacy protocol Tornado Cache hasannounced a fully open-source user interface for Tornado Cache Classic,allowing contributors to examine code and suggest improvements to the platformvia GitHub.The UI vulnerability has been a major focus for the Tornado community and,according to a Medium post, the move is part of its efforts to prioritize acompletely transparent and decentralized ecosystem.
Tornado Cash essentially works by allowing users to mix theircrypto tokens into a pool of fellow users' crypto, making it practicallyimpossible to track. In December last year, the protocol announced itsintegration with Arbitrum, a Layer 2 solution that leverages optimisticrollups for EthereumdApps to ensure faster speeds, lower fees, and transaction privacy.
In April, Tornado Cash began blocking addresses from the US Officeof Foreign Assets Control (OFAC), stating that "maintainingfinancial confidentiality is necessary to preserve our freedoms, [although] itis non-existent". should not come at the cost of compliance". Theprotocol has long been a popular platform for users seeking anonymity anddecentralization. According to data from CoinMarketCap, the current price of TornadoCash (TORN) is US$20.40 with a 24-hour trading volume of US$6.2 million.