Support

CoinJoin - Definition from the Hotspot Shield Encyclopedia

CoinJoin is a method of anonymization for Bitcoins transactions that was created by Gregory Maxwell.

The process works on the idea that making a dual payment with another user at the same time will make it virtually impossible to trace a payment back to the person who initiated it. A single party payment can easily be traced back to the one person involved, whereas a joint payment using two or more users will mean that the direct of the money movement will remain unknown. A downside to the CoinJoin transaction method is that users must negotiate a transaction and be trusted by a third party server to achieve this - Storing data and making transactions on a third party server leaves room for attacks and the transaction being compromised.


Download Hotspot Shield. It's Free!

Get Internet Privacy, Security, access blocked websites and more by downloading Hotspot Shield VPN today.