What is Tornado Cash and why was it sanctioned in the US? - Crypto in Plain English - Episode 237 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it25 Elo 2022

What is Tornado Cash and why was it sanctioned in the US? - Crypto in Plain English - Episode 237 - by cryptohunt.it

CLICK HERE to learn more about Ethereum through our FREE course!

What is Tornado Cash and why was it sanctioned in the US?

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English.

Today we are going to take a quick look at Tornado Cash, a so called mixer or tumbler for crypto.

This service allows crypto holders to hide the true origin of their funds.

Remember that sending crypto is usually simple and traceable: One address sends a specific amount to another and anyone can see that transaction because the history is public.

Some people, however, want to stay not only anonymous, but move around money in a way that origin, destination, and amount are all untraceable.

Tornado Cash does that. It works a bit like a bucket. It combines incoming funds from all kinds of senders before it sends them to destinations in random amounts - hence the term blender. That way, it’s near impossible to figure out who sent what where, even though we have the transaction history.

Think no good can come of that? So does the US government which says that Tornado has been involved in money laundry with North Korea. It just sanctioned the use of the service and 45 associated wallets.

And next time we’ll talk about why those sanctions could pose a real practical problem for blockchains like Ethereum, even if they didn’t necessarily do anything wrong.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

How AI will revolutionize the way you learn - Episode 357 - by cryptohunt.it

How AI will revolutionize the way you learn - Episode 357 - by cryptohunt.it

How AI will revolutionize the way you learn Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In pl...

10 Helmi 20232min

Google’s $100bn AI whoopsie - Episode 356 - by cryptohunt.it

Google’s $100bn AI whoopsie - Episode 356 - by cryptohunt.it

Google’s $100bn AI whoopsie Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English. Goo...

9 Helmi 20232min

Microsoft and Google are taking the gloves off - Episode 355 - by cryptohunt.it

Microsoft and Google are taking the gloves off - Episode 355 - by cryptohunt.it

Microsoft and Google are taking the gloves off Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In...

8 Helmi 20232min

How AI can fight discrimination online - Episode 354 - by cryptohunt.it

How AI can fight discrimination online - Episode 354 - by cryptohunt.it

How AI can fight discrimination online Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain E...

7 Helmi 20232min

Why schools and universities are freaking out over ChatGPT - Episode 353 - by cryptohunt.it

Why schools and universities are freaking out over ChatGPT - Episode 353 - by cryptohunt.it

Why schools and universities are freaking out over ChatGPT Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. A...

6 Helmi 20232min

How exactly is artificial intelligence threatening my job? - Episode 352 - by cryptohunt.it

How exactly is artificial intelligence threatening my job? - Episode 352 - by cryptohunt.it

How exactly is artificial intelligence threatening my job? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. A...

3 Helmi 20232min

Generative AI: What is it and is it coming for your job? - Episode 351 - by cryptohunt.it

Generative AI: What is it and is it coming for your job? - Episode 351 - by cryptohunt.it

Generative AI: What is it and is it coming for your job? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As ...

2 Helmi 20232min

Porsche's botched NFT - how to do it better next time - Episode 350 - by cryptohunt.it

Porsche's botched NFT - how to do it better next time - Episode 350 - by cryptohunt.it

Porsche's botched NFT - how to do it better next time Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As alw...

1 Helmi 20234min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
ostan-asuntoja-podcast
hyva-paha-johtaminen
rss-rahamania
herrasmieshakkerit
rss-lahtijat
rahapuhetta
rss-tarkeista-asioista-2
rss-sami-miettinen-neuvottelija
rss-muutoksenanatomiaa-podcast
rss-rentotapaus
rss-doulapodi
rss-bisnesta-bebeja
rss-sisalto-kuntoon
kultaiset-hoitajat
rss-uppoava-vn-laiva
rss-bisneksen-pehmea-puoli