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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: bbc.reporter on May 19, 2020, 02:36:36 AM



Title: [NEWS] Developers of Ethereum Privacy Tool Tornado Cash Smash Their Keys
Post by: bbc.reporter on May 19, 2020, 02:36:36 AM
There appears to be another bounty program on Ethereum similar to the DAO. Payment is everything you can get from this unstoppable smart contract hehehe.

https://i.ibb.co/M662RPz/ADD98-D17-34-CE-4-CFB-B9-E1-25-A9-D8-AE5018.png

Ethereum’s premier coin mixing service is now permissionless.

Tornado Cash, a privacy tool for obfuscating the history of Ether (ETH) transactions, completed a cryptographic process known as a trusted setup ceremony on May 10 followed by a contract update on Monday to create perpetually self-executing code.

Tornado Cash v1 first launched in August 2019, but remained an audited “experimental software” because the developers retained control over user funds through a multi-sig wallet.

With v2, all that is gone. The MPC and Monday’s contract update effectively break up the developer key by creating a crowdsourced smart contract without a private key.


Read in full https://www.coindesk.com/developers-of-ethereum-privacy-tool-tornado-cash-smash-their-keys