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Making Bitcoin Anonymous by Default

Tim Hornyak of IDG News has an update from the world of Bitcoin and efforts to avoid regulation.

‘Dark Wallet’ wants to make Bitcoin even harder to trace

Posted May 1, 2014

A group of coders has launched a Bitcoin wallet that will make it more difficult to trace transactions using the digital currency.

Dark Wallet is a browser app for bitcoin payments that uses both encryption and CoinJoin technology.

CoinJoin essentially mixes multiple bitcoin transactions, selected at random, as one transfer of funds and conceals the original payers.

A similar technology called Shared Coin was implemented last November in the Bitcoin wallet on The site says the feature allows users to “route transactions through a shared wallet breaking the chain of transactions.”

However, Dark Wallet offers anonymous transactions by default.


See the rest of his article here.