Friday, June 9, 2023

Wasabi Wallet

by Hideo Nakamura
Wasabi Wallet

Wasabi Wallet is an open-source, non-custodial wallet application for Bitcoin. It was developed by zkSNACKs Ltd., a research and development company based in Switzerland. The main focus of Wasabi Wallet is to enable users to take full control of their funds while still providing high levels of privacy and security.

The wallet provides several features which make it stand out from other wallets on the market:

1. CoinJoin – This feature allows users to mix their coins with others in order to increase the level of privacy when making transactions. When using this feature, all participants’ coins are pooled together into one transaction that cannot be linked back to any individual user.

2. Tor Network integration – Wasabi utilizes Tor network integration as an extra layer of protection when sending and receiving funds, allowing users’ IP addresses to remain hidden on the blockchain and preventing malicious actors from tracking them down or attempting a double spend attack against them.

3. Open source codebase – Wasabi has an open source codebase which means anyone can view, inspect, or audit its codebase whenever they wish—ensuring transparency and trust between developers and users alike

4 . Easy setup process – Despite being packed with advanced features like coin mixing, setting up a Wasabi wallet only takes minutes —no need for complicated technical knowhow! Users simply have to install the app onto their device (Windows/Mac/Linux) before generating a new seed phrase for added security purposes during setup

5 . Native support for Bitcoin & Liquid sidechain assets – As well as natively supporting Bitcoin (BTC), Wasabi also supports assets issued on the Liquid sidechain such as USDt (USDT). This makes it easy for users who want access both BTC & USDt within one secure environment

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