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(Improved the basic description of tornado cash and added some basic info about the recent sanctioning) |
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Tornado Cash is an Ethereum-based protocol that allows users to | Tornado Cash is an Ethereum-based protocol that allows users to obfuscate their activity. When used correctly it allows users to achieve a certain degree of privacy on blockchains that are typically completely transparent such as Ethereum. Tornado Cash acts as a trustless [[mixing service]], allowing users to deposit funds into a smart contract and later withdraw them anonymously using a [[Zero Knowledge Proof|zero knowledge proof]]. This breaks the link between depositor and withdrawer because it is impossible to discern one withdrawer from another without analyzing additional transaction metadata. | ||
[[File:Tornado cash .png|thumb|Tornado Cash]] | [[File:Tornado cash .png|thumb|Tornado Cash]] | ||
Tornado's governance token is called $TORN. | Tornado's governance token is called $TORN. | ||
Tornado Cash operated on | Tornado Cash operated exclusively on the Ethereum blockchain until June 2021. | ||
As of today, Tornado Cash is operating on: | As of today, Tornado Cash is operating on: | ||
* Ethereum Blockchain : ETH (Ethereum), DAI (Dai), cDAI (Compound Dai), USDC (USD Coin), USDT (Tether) & WBTC (Wrapped Bitcoin), | * Ethereum Blockchain: ETH (Ethereum), DAI (Dai), cDAI (Compound Dai), USDC (USD Coin), USDT (Tether) & WBTC (Wrapped Bitcoin), | ||
* Binance Smart Chain: BNB (Binance Coin), | * Binance Smart Chain: BNB (Binance Coin), | ||
* Polygon Network: MATIC (Polygon), | * Polygon Network: MATIC (Polygon), | ||
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* Optimism, as a Layer-2 for ETH (Ethereum), | * Optimism, as a Layer-2 for ETH (Ethereum), | ||
* Arbitrum One, as a Layer-2 ETH | * Arbitrum One, as a Layer-2 ETH | ||
== U.S. Sanctions == | |||
On the 8th of August 2022 the U.S. Treasury announced the sanctioning of Tornado Cash,<ref>https://home.treasury.gov/news/press-releases/jy0916</ref> adding more than a dozen Tornado Cash related Ethereum addresses to the [[wikipedia:Office_of_Foreign_Assets_Control|OFAC's]] SDN list. | |||
== Sources: == | == Sources: == | ||
http://docs.tornado.cash/ | http://docs.tornado.cash/ | ||
[[Category:Tools]] | [[Category:Tools]] | ||
[[Category:Protocols]] | |||
[[Category:Privacy]] |
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