Hardware wallet manufacturer, Trezor, has collaborated with Wasabi Wallet to introduce a CoinJoin feature to its devices, offering increased privacy for Bitcoin users. The feature allows users to pool their Bitcoin inputs into a single transaction, receive the same amount of Bitcoin output, but with different addresses.
This makes it more difficult to trace individual transactions back to their original sources, and obscures Bitcoin transaction histories, preventing surveillance. By selecting the number of CoinJoin rounds, users can confirm their preferences using the Trezor device, and leave it connected while running the Trezor Suite to complete the process.
Trezor CEO, Matěj Žák, claimed that the CoinJoin feature ensures a level of anonymity similar to cash transactions. The CoinJoin technique protects Bitcoin donations, ensuring the privacy of non-governmental organisations and their donors, particularly in authoritarian regimes.
CoinJoin transactions are inherently non-custodial, and the integration of CoinJoin with Trezor supports hardware wallet signing for the first time, marking a substantial advancement in security. This new feature is expected to attract more privacy-conscious individuals towards Bitcoin, ultimately enhancing privacy for all users.
(By Kate Irwin)