How Monero Mixer changed our lives in 2020

Mixing services attempt to privatize cryptocurrencies by sending them via a massive series of transactions involving various wallets. The process intends to obscure the roots of coins as well as the entity in control of them when they come out of mixing. Harmon’s mixers were only available via the dark net.

Smartmixer has this unique idea of using not just one, but three individual coin-pools. Coin-pools are basically the coin-reserves which a mixer utilizes to send coins that are clean to users.

So every time a user sends his unclean coins to Smartmixer, these coins are saved in an proper coin-pool, and the user is sent different coins from one of the pools. These new coins are in no way linked to the older coins delivered by the user.

Users get to choose the exact coin-pool they’d like to obtain the coins from, it is dependent upon the service fee that a user chooses to cover.

The three pools offered by Smartmixer are:

Standard Pool: The most frequent pool for virtually any mixer. Comprises of coins from different users. Is the cheapest pool.

Smart Pool: Is the maximum volume-rich pool, since it includes of coins from different customers (regular Pool) + Smartmixer’s reserves + Investor’s cash.

Stealth Pool: is not as volume-rich as Smart Pool, but is a lot more anonymous and»clean». Only holds coins from the company reserves and investor’s cash. No real money from other users gets sent here. Also costs the maximum service fee.

These pools are what impressed me most about Smartmixer (in addition to a couple more features). This establishes is that the brand new coins will be anonymous and clean, period.

However, what about the other features a mixer should offer? Let’s take a look at them.

You may have noticed rather than calling it a»Bitcoin mixer«, I have been referring to it as the»Cryptocurrency» mixer.

That’s because it affirms the mixing of numerous coins in addition to Bitcoin. Infact, it probably is the only mixer in the industry with such a varied mixing-portfolio.

Smartmixer.io enables users combine:

Bitcoin

Bitcoin Cash

Harmon was arrested in February for operating a stable of tumblers, or mixers, which Washington, D.C. prosecutors allege constitute unregistered money services companies. Those charges against him say he laundered around $300 million in Bitcoin. In accordance with today’s announcement,»FinCEN’s analysis has identified 356,000 bitcoin trades through Helix.»

FinCEN asserts that Harmon deliberately flaunted the provisions of the Bank Secrecy Act, the cornerstone of U.S. Anti-Money Laundering legislation. It was offenses of the BSA which led to criminal charges against the executive team of crypto exchange BitMEX earlier this month.

U.S. authorities have been on the prowl for criminal action according to crypto. The Department of Justice recently released a report that highlighted solitude Teams such as Monero (XMR) as a cause for alarm.