Tornado Cash (TORN) is a decentralized non-custodial protocol on the Ethereum network that ensures privacy and anonymity. More
| Fully Diluted Valuation | $138.40M |
|---|---|
| 24H Trading Volume | $3.28M |
| 24H Low / High | $13.66 / $ 14.51 |
| Circulating Supply | 3.81M |
| Total Supply | 10.00M |
| Max Supply | 10.00M |
| Categories | Privacy 3 more |
|---|---|
| Founder | Roman Semenov 2 more |
| Website | ipfs.io |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Binplorer 4 more |
| Contracts |
0x777....a116c
1 more
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| Name | Pair | OG Score |
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Tornado Cash (TORN) is a decentralized protocol built on Ethereum to bolster privacy in cryptocurrency transactions. Founded by Roman Semenov and Roman Storm, the platform disrupts the traceability of transactions by severing the link between sender and recipient addresses.
Privacy Principles
Tornado Cash operates on principles of decentralization and trustlessness. In a significant move, its developers destroyed administrative keys in 2020, ensuring they have no access to view or alter transactions. This commitment underscores their belief in financial privacy as a fundamental right.
Technical Approach
Using Multi-Party Computation (MPC), Tornado Cash ensures transactions are immutable and resistant to interference. This cryptographic method enhances privacy by making transactions trustless and beyond alteration, even by its creators.
Controversies
While praised for its privacy features, Tornado Cash has faced criticism for potential misuse, such as by hackers and money launderers. Concerns also arise about its impact on regulatory compliance. Supporters argue its benefits in protecting individual privacy outweigh these concerns, promoting secure financial transactions for all users.
Future Outlook
Tornado Cash continues evolving as a pivotal tool for privacy in cryptocurrency transactions. Its commitment to decentralization and user autonomy sets a precedent for future innovations in enhancing digital transaction security globally.
In summary, Tornado Cash represents a significant step forward in technology-driven privacy solutions, empowering users to safeguard their financial independence amidst the digital economy's growth.
Tornado Cash distinguishes itself by offering decentralized, trustless transactions on Ethereum, ensuring privacy by breaking the link between sender and recipient addresses through innovative cryptographic methods.
Tornado Cash was founded by Roman Semenov and Roman Storm, both seasoned experts in technology and blockchain development, with a commitment to enhancing privacy in financial transactions.
You can buy Tornado Cash (TORN) on MEXC, HTX, CoinEx, BitVenus, Uniswap V3 (Ethereum) cryptocurrency exchanges.
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