Trezor, a cryptocurrency hardware wallet firm, has enabled its users to boost the privacy of their Bitcoin (BTC) transactions by launching the CoinJoin feature. This privacy feature allows owners of Trezor wallets to make their transactions and balance more difficult to trace. Furthermore, Trezor is the first hardware wallet to collaborate with Wasabi Wallet in order to provide this feature.

CoinJoin is a process used to anonymize Bitcoin transactions, first introduced by former Bitcoin core developer Gregory Maxwell in August 2013. In this method, a large collaborative transfer is made and transactions’ history is hidden. Trezor users can activate this privacy feature as a new type of account, named CoinJoin, on the firm's Trezor Model T wallet. The Model One wallet will also have this option in the near future.

In addition to the users making their own contributions, the activation of the CoinJoin feature also implies allowing the anonymous communication protocol Tor. Since CoinJoin users are required to pay a coordinator fee for the enhancement of privacy and security, a mining fee is charged for every round of CoinJoin aside from other Bitcoin transactions. Another factor that should be considered is that the whole CoinJoin process takes time.

As Matěj Žák, the CEO of Trezor, emphasizes the importance of privacy, their collaboration with Wasabi puts them in a leading position in protecting their users’ Bitcoin data. This is why Trezor is not only the first hardware wallet to add CoinJoin, but also a pioneer in the advancement of cryptocurrency by offering enhanced privacy for its customers.



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