The Coingeek Company Is Going To Fund The Bitcoin Cash Mixing Platform “Cash Shuffle”. The coin geek has announced on march 28th that there will be a new transaction platform known as cash shuffle. The project cash shuffle is made to shuffle the BCH and to increase the anonymity rate. However the cash shuffle isn’t going to be mix all the BCH coins. The Cash shuffle only shuffles and mixes the BCH of the users.
The Coingeek Company Is Going To Fund The Bitcoin Cash Mixing Platform “Cash Shuffle”
From the past few years the coin geek company has invested in many projects of the cryptocurrencies. The company is owned by the Calvin Ayre who had funding the projects like terabyte block size research and many other projects which are linked towards the cryptcurrencies. The company had announced a bounty of 5 million dollars for BCH based tokenized mechanism. Yet the company has announced about the funding of cash shuffle. The cash shuffle is a mixer which allows the privacy transactions on the BCH platform.
Previously there has been a same project like this designed for bitcoin cash. The cash shuffle is same but improved version of Electron cash wallet. The project claims that the protocol and funds cannot be stolen.
The cash shuffle explains that the servers which included individual participants who don’t have enough knowledge to know which input corresponds which outputs. The server can not steal money in a proper transactions because the transactions are only signed on the client side.
While the announcement are in the proper way. The coin geeks owner carvin ayre has explained some projects like these to solidify the vision of Satoshi nakamoto. The Ayre explained that the BCH is being in a true vision and also bringing a evolve to the cryptocurrency world.
So what do you think about the cash shuffle project?. Will it be useful for the Bitcoin cash traders?.