Bitcoin Mixers: How Do They Work and Why Are They Used?

Posted on by American Coins & Gold

Bitcoin Mixers: How Do They Work and Why Are They Used?
The Bitcoin blockchain is entirely public. Head to a blockchain explorer and you can find a watertight record of all the bitcoin transactions ever processed since the cryptocurrency’s launch in early 2009.For some, that is a core feature, not a problem. But for those who need a little more anonymity, the public nature of the Bitcoin blockchain is a huge privacy flaw.There are ways of keeping bitcoin transactions entirely private – to obscure who sends what to whom. One of the most popular methods is to use a bitcoin mixer, also known as a tumbler. These are tools that jumble…