Trezor Prioritizes Privacy by Refusing to Join UTXOs Coins
Central issues:
- In order to safeguard the privacy of other users, Trezor denies some UTXOs.
- A Trezor delegate expressed that they mean to forestall UTXOs that are now under reconnaissance from hurting the security of different members.
- Coins are not distributed to any on-chain data analysis firms; Instead, UTXO’s entry into the coinjoin is used to calculate a risk score.
Trezor, a hardware wallet manufacturer, has been making headlines recently due to concerns about censorship.
In order to safeguard the privacy of other users, it has been reported that Trezor prevents some UTXOs from entering the coinjoin coordinator. Trezor, on the other hand, has publicly denied these allegations and offered an explanation for its actions.
To address these worries, Trezor has executed measures to guarantee that specific UTXOs (Unspent Exchange Results) are denied section into the coinjoin facilitator. As per a delegate from the organization, this is finished to safeguard the protection of different clients who might be related with these UTXOs that are as of now under observation because of their association with serious wrongdoings.
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Even though Trezor is aware of the sensitive nature of the situation, the company emphasizes that the reason they refuse to let some UTXOs into the coinjoin coordinator is to support coinjoin transactions and protect individual users’ privacy. It is essential to note that no on-chain data analysis company receives any coins; rather, a risk score based on the UTXO’s entry into the coinjoin is returned. If the risk score indicates that some UTXOs are subject to scrutiny, they may be rejected.
Trezor also confirms that because coinjoin is enabled via Tor, the anonymization network, and block filters are utilized, they are unable to monitor or report on individual users’ activities. On their official website, the company has provided additional details on their approach to coinjoin and has maintained its commitment to protecting users’ privacy.