Wasabi Bitcoin Wallet Releases Update To Restore Services Amid Tor Attack
The bitcoin wallet is using exit nodes that anonymously route traffic, rather than relying on the backend of Tor while raising funds to support the network.Tor, a privacy network protocol utilized for anonymity services,...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The bitcoin wallet is using exit nodes that anonymously route traffic, rather than relying on the backend of Tor while raising funds to support the network.
Tor, a privacy network protocol utilized for anonymity services, has been under a distributed denial-of-service (DDoS) attack for months, and Wasabi Wallet has created a solution for its users, per a release sent to Bitcoin Magazine.
A number of projects in the Bitcoin ecosystem use Tor in their infrastructure to provide anonymity to their clients. Thus, as this ongoing attack has made leveraging the platform difficult, many of these projects have struggled to reliably deliver their products, Wasabi being among those who have struggled.
Previously, Wasabi connected to Tor’s backend onion server. But now, Wasabi is using exit nodes – specific devices that direct traffic – which route traffic to the cleannet domain of the coinjoin coordinator.
In doing so, all traffic is still anonymized protecting the IP address of clients using the service. Testing of this new process revealed increased reliability and frequency of coinjoin rounds while also preventing inputs from being blocked by the coordinator, which happens when signatures for inputs fail.
“Tor is a critically important project for privacy on bitcoin and the internet that millions of people rely upon on a daily basis,” said Max Hillebrand, Wasabi Contributor and CEO at zkSNACKs.
However, this solution does not solve the issue of Tor being under attack, it just provides a necessary short-term option to get around the issue. Therefore, Wasabi is also raising funds to support the Tor network.
“Wasabi Wallet is grateful that such a tool exists and will do as much as possible to support Tor by promoting it and helping with its fundraising,” said Hillebrand. “Tor reliability is directly impacting the user experience of Wasabi Wallet users, so we care about this issue a lot.”
Additionally, Wasabi added a “privacy progress bar” which allows users to see the level of privacy that their coinjoin has achieved by tracking different metrics viewable in the desktop application.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Ethereum Research Thread Puts Sybil Resistance Back In Focus For Decentralized Networks
Ethereum Research Thread Puts Sybil Resistance Back In Focus For Decentralized Networks is a useful reminder that crypto coverage...
Tether’s Pact Labs Round Shows Stablecoin Issuers Are Still Building Compliance Rails
Tether’s Pact Labs Round Shows Stablecoin Issuers Are Still Building Compliance Rails is a useful reminder that crypto coverage is...
Chainalysis Adds Automatic Stablecoin Support As Compliance Teams Face Token Sprawl
Chainalysis Adds Automatic Stablecoin Support As Compliance Teams Face Token Sprawl is a useful reminder that crypto coverage is n...
Injective SDK Compromise Puts Wallet Private Keys Back In The Security Spotlight
Injective SDK Compromise Puts Wallet Private Keys Back In The Security Spotlight is a useful reminder that crypto coverage is not...
China’s Prosecutors Move to Treat Crypto Mixers as Evidence of Money Laundering
Bitcoin Magazine China’s Prosecutors Move to Treat Crypto Mixers as Evidence of Money Laundering China’s Supreme People’s Procurat...
Bitmine, SharpLink Back EthSystems to Unlock Ethereum’s $100T Institutional Privacy Market
Key Takeaways: EthSystems was backed by several people including Bitmine, SharpLink, and one of the founders of Ethereum Joseph Lu...