Bitmix Develops External Transaction Privacy Solution for Dash
- #BuildWithDash announces Dash Integration with Bitmix;
- Bitmix is a transaction privacy service that now supports an external privacy solution for Dash, supplementing Private Send.
Transaction Privacy has been the subject of passionate debate in the Blockchain World. On one hand is the regulatory position that views transaction privacy with suspicion. On the other hand is the undeniable need for users to be able to keep their transactions private, without necessarily sharing transaction details with the web at large.
Be that as it may, transaction privacy is the subject of active research in the crypto ecosystem and there are many ideas in the works that make this space exciting. However, out of all competing projects in this space, Dash has taken a significant lead in this segment by building a robust privacy system into its core wallet and honing it over time.
While this has given the project a huge boost to ordinary users in terms of ease of use, the Dash Core Group has had to embark on an education campaign to assuage the regulatory concerns of Exchanges.
Writing on the Official Dash Blog, Ryan Taylor Writes—
Since Dash is often found on lists of coins with privacy enhancements in the press and online, Dash is at times a topic of regulator concerns.
Dash Core Group has supported exchanges in their interactions with regulators. Through a process of education, we have been effective in explaining the technology and convincing regulators that accepting Dash poses no incremental risk compared to Bitcoin. The required processes and compliance tools for Dash are identical to those required to support Bitcoin.
BITMIX INTEGRATION
While Private Send caters to many active Dash Users for general use case, there is still a strong need for external privacy solutions for other wallets or exchanges that currently do not support private send due to regulatory concerns or technical gaps.
To fulfil this latent need, Bitmix has developed an external privacy service for the Dash Blockchain as Part of the #BuildWithDash Program.
Operating successfully since 2017, Bitmix has built an impressive base of users.
Here are some salient features of the Bitmix Solution for the Dash Blockchain
- Instant mixing — No need to wait hours waiting your coins back
- Dust Attack Prevention
- Full control over Mixing process and Other Options
- Supports JS as well as Non-JS Version of Site
- API for Integration into projects
- Auto-Randomization feature allows you to receive clean coins in more transactions count than send(send us 1 — received 2 or more)
- High Volume for Instant Mixing, working since 2017
- Only 1 Confirmation is needed for mixing
- No link between input and output Addresses.
Some benefits of the Integration to Dash Users Worldwide
a) Modular, Off Wallet Solution that adds flexibility to Dash against regulatory hurdles and potential exchange delistings.
b) Another method to ensure privacy without necessarily using native Private Send
c) Additional layer of Privacy on Demand.
d) Decentralized Solution Building on the Dash Blockchain.
Do give it a spin and let us know what you think !
Team Dash Developers
