Trezor Implements Coinjoin on Model One Hardware Wallet

Trezor Implements CoinJoin on Model One: Enhancing Privacy for Bitcoin Transactions

Trezor, the renowned hardware wallet manufacturer, has announced the integration of coinjoin on its Model One device. This addition extends the functionality that was previously available only on the Model T, making it one of the most popular hardware wallets for safeguarding cryptocurrency transactions.

Trezor’s Hardware Wallets

Trezor offers two models of hardware wallets: the Model T and the Model One.
The Model T is a more advanced and expensive option, featuring a color touchscreen and support for 1,456 cryptocurrencies.
In contrast, the Model One is the basic model without a touchscreen and supports 1,289 cryptocurrencies.
Both models are renowned for their open-source software, ensuring robust security and protection against vulnerabilities.

The CoinJoin Feature

CoinJoin enhances transaction anonymity by protecting them from on-chain analysis tools.
Hardware wallets, like Trezor, provide KYC-free self-custody of cryptocurrencies.
CoinJoin unifies multiple transactions from different users into a single set, making it difficult to determine the source of funds for each transaction.
Transactions made with coinjoin cannot be associated with specific addresses, ensuring privacy even for recipients.

CoinJoin on Trezor

By implementing coinjoin, Trezor’s Model One enables users to send Bitcoin as part of a larger collaborative transaction, obscuring individual transaction history on the blockchain.
Trezor achieved this through a collaboration with Wasabi Wallet, a renowned Bitcoin wallet focused on privacy and specialized in coinjoins.
Trezor claims to be the first hardware wallet manufacturer to directly enable coinjoin transactions from their devices.

Hot Take: The integration of coinjoin on Trezor’s Model One is a significant step towards enhancing privacy and security for Bitcoin transactions. By collaborating with Wasabi Wallet, Trezor empowers users to maintain anonymity and protect their transaction history. This move solidifies Trezor’s position as a leading hardware wallet manufacturer committed to providing top-notch security and privacy features for crypto enthusiasts.