BlockWallet Launches BSC Privacy Pools
BlockWallet’s Privacy Pools feature is coming to Binance Smart Chain (BSC). Powered by zk-SNARKs technology, Privacy Pools render transactions untraceable by mixing funds in a smart contract. This allows transferring funds without links to your main wallet and identity on the blockchain.
An Important Step for BlockWallet
The addition of BSC Privacy Pools unlocks massive benefits for BlockWallet users. By using the BSC network Privacy Pools, users experience faster blockchain confirmations and significantly lower gas fees when compared to the ETH network Privacy Pools. Privacy is now cheaper and more accessible than before at BlockWallet.
We’re also tapping into a new group of users that prefer the BSC network over the Ethereum network. Last year, BSC recorded a high of 2,105,367 addresses — more than double Ethereum’s all-time high of 799,580 in 2021.
Users will now have another chain option to securely transfer funds, eliminating the chore of bridging to the Ethereum network to make private transactions. BlockWallet also offers BSC Privacy Pools users a simple way to stay compliant on-demand with our Compliance Reports to prove a source of funds, report taxes, etc.
Current Alternatives Simply Don’t Compare
Current alternatives to privately send and receive crypto on the BSC network simply don’t compare to BlockWallet’s simple user experience and unparalleled security features.
Let’s take Ginga Finance’s BNB Mixer, for example. With a maximum delay of only 180 minutes in their Privacy Pool, their user’s funds are at high risk of being identified through spam deposits. The more time in the Privacy Pool, the safer your funds are. At BlockWallet, we recommend keeping your funds in the Privacy Pool for at least 24 hours before pulling them out.
Another alternative is Typhoon Network. They’re a fork of Tornado cash that offers the same clunky user interface that is difficult for users to navigate.
With BlockWallet, users can enjoy a simple-to-use interface that provides maximum security for its users with unlimited Privacy Pools mixing periods. Secure your BSC transactions with just a few clicks and experience the best way to send/receive crypto securely on the BSC network.About BlockWallet
BlockWallet is a privacy-first non-custodial browser extension wallet where you can store, send or receive crypto and interact with your favorite blockchain apps privately.
As crypto sees mainstream adoption, blockchain’s lack of privacy poses real security risks. BlockWallet is here to ensure that on-chain privacy does not lag behind. The wallet provides a set of advanced privacy tools wrapped in a familiar and user-friendly wallet experience, eliminating friction and making privacy accessible for everyone.
BlockWallet protects you and ensures privacy by default. When you make transactions or interact with blockchain apps, BlockWallet routes all node requests through Privacy Proxies, which masks the IP address and other metadata, that can be used to identify and track you on a blockchain. You can also use the Privacy Pools feature, powered by zk-SNARKs technology, to deposit and mix funds in a smart contract. This allows transferring funds without links to your history and identity on the blockchain, effectively rendering them untraceable. BlockWallet offers integrated Flash-Bot Protection, shielding you from sandwich attacks when you trade on DEXes. Meanwhile, the Phishing Protection feature combats phishing scams by generating unique artwork on all sensitive pages.
BlockWallet is not a compromise. It’s privacy-first, but it still packs all features you would expect from a wallet. With full Web 3.0 support, the wallet allows you to connect to any dApp.