The Wasabi crypto wallet has launched a new update dedicated to storing Bitcoin.
Summary
Wasabi Wallet: Bitcoin and crypto for BTCPay Server
A new upgrade of BTCPay Server, a crypto project designed and developed by A. Camilleri and based on Wasabi Wallet‘s WabiSabi coinjoin, has announced important new features.
With the upgrade, Wasabi Wallet will protect merchants’ privacy with two simple steps.
By activating the Coinjoin plug-in, the merchant on duty will be protected for their business and enjoy complete privacy.
The operation will be activated only the first time, and from there onwards all Bitcoin transactions will be covered by privacy both inbound and outbound.
Not only security and privacy but also a batching payment as part of the coinjoin function.
Through BTCPay Server, with time-based payments one will be able to pay addresses in the same coinjoin transaction with memory recovery and more privacy.
It will be possible to operate not only in Bitcoin but also with other crypto assets with the same protection and speed.
With the Nostr protocol, it will be possible to operate not only with the default zkSNACKs server but also with others.
The cost of privacy should be free but in many cases it still remains a taboo, despite this the first steps are being taken for more ethical mechanisms.
“BTCPay Server is the most sophisticated merchant payment processing bitcoin software. It only made sense that it included an option coinjoin plugin with the most sophisticated privacy enhancement tool for Bitcoin. As a coinjoin protocol, WabiSabi was designed with merchants in mind, enable payments within coinjoins and optimize block space usage to save on taxes,”
said Max Hillebrand CEO of zkSNACKs and Wasabi Wallet collaborator.
According to Kukks, BTCPayServer contributor:
“BTCPay Server was created to allow individuals and businesses to regain its financial sovereignty. The Wasabi Wallet team and I are proud of it offer even more privacy protection with this new coinjoin feature. I believe that financial privacy is a basic human right, this characteristic is mine contribution to that cause.”
What is a crypto wallet
Starting with the premise that there is not just one type of crypto wallet but there are different ones with different levels of security let’s start with the first macrocategory.
Custody can be as it has been in the past with physical wallets or with either hardware or software bank accounts.
Hardware wallets consist of a flash drive quite similar to USB flash drives and follow the physical concept of carrying your money around.
A crypto wallet stores and manages with high levels of security but still varying depending on the issuer, private keys.
A private key is commonly understood to be the alphanumeric cryptographic string used to give consent to a transaction.
Crypto wallet basically means a digital location that manages the “password” and keeps one’s Bitcoin and various cryptocurrencies safe.
Crypto wallets typically give the ability to store from different blockchains via smart contracts.
Some state-of-the-art wallets like VPay for instance, store private passwords but also allow access to DApps and Web3.
Crypto wallets are consistent with the philosophy underlying the crypto world that envisions fluidity of transactions without inconveniencing third parties.
