The Bitcoin Cash community shows its support for greater privacy by putting their money where it is and making a donation to Cashfusion. The recently launched fundraiser has already raised over 100 BCH and achieved more than 70% of its target. Once the total reaches $ 50,000, Bitcoin.com will double it to $ 100,000.
Also read: Raising $ 100,000 for Cashfusion Security Audit, Bitcoin.com Compare Donations to Improve BCH Privacy
Over 100 BCH in donations to help Cashfusion provide users with greater confidentiality
Cashfusion is an extension of the Cashshuffle coin mixing protocol for Bitcoin money and improves it by allowing people to merge coins without requiring equal payment amounts. The privacy enhancement technology is almost ready to launch, but before that it will need to undergo an intensive security audit to ensure it is ready.
This complicated procedure will cost $ 50,000 and the Bitcoin Cash community has intensified to help finance it. Users have already made more than 350 donations to the Cashfusion Security Audit Fund, raising more than 100 BCH. At current prices, this brings the total to more than 70% of the capital required and fundraising is on track to reach its goal soon. In addition, Bitcoin.com has announced that it will match the $ 50,000 in donations to help the team behind Cashfusion in the ongoing development.
“Cashshuffle is a powerful tool to hide the origin of a coin. However, after mixing a portfolio, a user will inevitably want to consolidate several rooms, and for that another tool is necessary, “explained developers Jonald Fyookball and Mark B. Lundeberg. “Cashfusion offers high levels of confidentiality via a flexible system that allows an arbitrary number of non-standard amounts in and out. It provides anonymous and unreliable coordination with generally zero knowledge of the links revealed to other players or to the server. “
It’s your chance to take a stand and show that confidentiality is important. Donate here.
Why confidentiality is important
The right to privacy is widely recognized by many legal traditions and schools of thought around the world. The ability to keep your personal business for yourself is also crucial to the functioning of a free society and an open economy. Unfortunately, today, this fundamental human concept and this value are under attack like never before.
New technologies such as big data and artificial intelligence allow businesses and governments to follow us in various ways and to erode our privacy. Our thoughts, desires, friendships, communications, physical locations and everything technology companies can get their hands on are sold to strangers without our informed consent.
In the cryptosphere, this is done by blockchain analysis companies that seek to link each wallet to the person behind it. This is usually done in the name of security, under the guise of AML / KYC, but it can do great harm to the entire ecosystem of digital assets by disabling many of the privacy concerns.
Even if you’ve never done anything out of the ordinary, would you want to use a system that tracks all of your transactions and keeps a journal forever visible to governments and businesses? It is a real risk in a constantly changing world. In addition, the money must be fungible for people to use it. The same goes for crypto.
What do you think of the Bitcoin Cash community that donates to the Cashfusion fundraiser? Share your thoughts in the comments section below.
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