1 Level
154 Review
169 Karma
Review on Wasabi Wallet by Mr Benji
Anonimyti is key?!
- each transaction is divided into a part of 0.1 BTC, which makes it impossible to use the portfolio if we do not have the minimum amount of bitcoins (according to the creator's assurances, in the future this limit is to be changed / abolished)
- if someone would like to send a significant amount of BTC, he will have to take part in many rounds, and thus wait much longer for completing the transaction
- Wasabi Wallet uses the Chaumian CoinJoin technique to mix. It is characterized by the fact that there is no need for trust in the coordinator conducting the transaction, which means we do not have to worry about our cryptocurrencies. The level of anonymity is constantly set at 100, which means that before our transaction reaches the right recipient, it will be exchanged with coins of a hundred other users.
Additionally, in order to secure the connection of our portfolio (which is a light-wallet) with full-nodes, Wasabi uses the TOR network to download only a table with information about individual blocks. Then, instead of downloading the whole blockchain or asking the full-noda for the history of your portfolio, it sends an inquiry only for individual blocks and obtains them from randomly selected full nodes.
It is also worth mentioning that Wasabi, like any currently available mixer, charges a fee. It is 0.3% of the value of each transaction (0.003% for one mix), but in this case we do not have to worry about the theft of funds as it happens in centralized services.
Pros
- anonymity
- safe
- Chaumian CoinJoin Technique
Cons
- The wallet only supports SegWit addresses
- Before the required number of users joins our mixing round, it may take a long time
- Each transaction is devided to 0.1 btc might took longer time
- More you send more you wait
