Bitcoin Cash Users Have Shuffled Output Since The Introduction Of Cashshuffle
News

Bitcoin Cash Users Have Shuffled Output Since The Introduction Of Cashshuffle

It is now a fortnight since Bitcoin Cash mixer Cashshuffle was introduced. Even within that short time, the platform has been able to accrue a number of users and attention. Since the 27th of March, a total of 8,625 Bitcoin Cash shuffled outputs have been recorded.

In addition to that, there are close to 2,000 Cashshuffle operations that have been undertaken. The users of Bitcoin cash now have mixed millions of dollars since the introduction of this new service.

Shuffling On A Daily Basis

The BCH Cashshuffle platform has continued to gain traction each single day. So far, about $2.6 million have been shuffled since the launch of the platform. The system has obtained much of the assistance from the Electron Cash wallet system.

One of the developers of Bitcoin Cash also tweeted about the progress that the platform has made. He noted that a total of 1,917 Cashshuffle transactions have been witnessed since the 27th of March. As of 10th of April, the total sum of all the outputs stood at 20,766 Bitcoin Cash.

How Cashshuffle Platform Works

A number of cryptocurrency shuffling services have been introduced to the market in the past couple of months. However, Cashshuffle operates entirely different. With this shuffling protocol, the users have to trust the operator or even pay some substantial costs to use the service. But that is not the major difference in this case. What makes this platform entirely different is the fact that it is very cheap than nearly all the similar services.

It is also important to note that Cashshuffle is an open source. As such, it does not pose any counterparty risk. This is because the individual participants and the server never gets access to knowledge of which input corresponds to different output.

Cashshuffle

Earlier on, an experimental or alpha version was released as a plugin extension of Electron Cash – EC. At the moment, the protocol is now a standard feature in EC.

The Software Was Given A Clean Bill Of Health

In addition to all that, code and security analysists from Kudelski reviewed the software to see if it should continue operating. The report from the security analysis was very positive. Kudelski went ahead to check the software for any identifiable bugs or vulnerabilities and none was found. Even the safety of the general code was found to be just okay. There is no critical shortcoming that was found in any of the platform’s components.

Cashshuffle Was Made Possible By The BCH Community

Cashshuffle developers have relied on various assistance from the Bitcoin Cash community. They have continued to receive donations in order to maintain, fund, and improve the protocol going forward. In the last 24 hours, the BCH community has helped Cashshuffle raise a total of $14,000 in terms of donations. 15 BCH was donated by the Bitcoin Unlimited development team just yesterday. Further to that, Jonald Fyookball, the lead developer of Electron Cash announced the introduction of the EC version 4.0.0 with Cashshuffle.

April 11, 2019

About Author

Samantha Mitchell


Leave a Reply

Your email address will not be published. Required fields are marked *