In the increase in cryptocurrency scams, as also warned by FBI, non-custodial wallets like CashFusion have come up to provide enhanced security for crypto users. These solutions empower individuals to trust the crypto ecosystem and manage their assets without fear of security threats and crypto scams.
Protecting User Data
One major advantage of using a non-custodial privacy protocol like CashFusion is that it doesn't store private keys, backup files, or user data on external servers. Instead, all critical information is encrypted and stored solely on the user's devices, minimizing the risk of data breaches.
CashFusion's technology allows for the simultaneous shuffling of multiple eCash coins, effectively hiding their origins. Unlike traditional coin mixing services, which simply swap coins, CashFusion's approach adds an extra layer of security by making it nearly impossible to trace transactions back to the server.
Through CashFusion, users can autonomously generate transactions with others, pooling inputs and outputs to eliminate any correlation between the source of funds and the transaction source. This process creates "jumbo-sized" transactions, making it incredibly difficult to analyze and trace individual transactions.
CashFusion's integration with the Tor network adds another level of secrecy to transactions by concealing users' IP addresses. This prevents servers from linking transaction components based on IP addresses, further enhancing transaction privacy.
Once coins have undergone one or more 'Fusion' transactions, they are considered "fused" and can be spent without concerns about privacy. Even though transaction data is publicly accessible, CashFusion makes it virtually impossible to trace back transactions to their origin.
CashFusion currently offers privacy solutions for XEC coins compatible with Electrum ABC and StackWallet eCash wallets. In the near future, the platform aims to expand its compatibility to include more wallets. Additionally, eCash plans to introduce a Zero-Knowledge Subnet (ZK-Subnet) for optional and bulletproof privacy, further solidifying its position as a leader in user-centric privacy features within the cryptocurrency space.
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