NFT Collection The Superlative Secret Society Price, Stats, and Review
AMBCrypto Report: December 2024 Crypto Roundup
Russia Taps Bitcoin & Crypto For Foreign Trade, Here’s Why
Robinhood CEO Vlad Tenev Predicts Stock Market Will Move On-Chain in Merging of Crypto and Equities
Will Dogecoin Price Hit $20 If DOGE ETF Gets Approved In 2025?
Bitcoin ETFs bleed funds as BTC’s $100K rally stalls post-election
Shiba Inu Burn Rate Surges 42% On Christmas Day, Price Follows With 3.5% Increase
Coinbase Dumps Failed Tactics – Crypto Millions Now Flow to Policy Gamechangers
Ethereum Price Prediction: Inverse Head And Shoulders Pattern Says ETH Will Touch $12,000
Russia to Ban Crypto Mining in 10 Regions Starting January 2025
La Rosa Holdings to Accept Bitcoin and Crypto Payments
Argentine Court Freezes $3.5 Million in Tether Linked to Ponzi Scheme
South Korea: Over 30% of Population Invests in Crypto – Market Boom
Montenegro court dismisses Terra’s Do Kwon extradition appeal: report
Chainlink records ‘suspicious’ whale activity: What’s going on with LINK?
MicroStrategy Buys 5,262 Bitcoin for $561 Million
Ripple Case: What Happens If Paul Atkins Dismisses the XRP Lawsuit?
Is Christmas Buzz Boosts Fartcoin Price by 60%?
Everything Setting Up for Crypto Bull Market Top in 2025, Says Pantera Capital’s CEO – Here’s His Timeline
Why XRP is on the verge of breaking out, according to…
Metaplanet Makes Waves with Massive 620 Bitcoin Purchase
Scam Sniffer: Malicious Google ad campaign redirects crypto users to fake Pudgy Penguins website
Justin Sun Moves 70,182 Ethereum (ETH) To HTX Amid Price Rebound
Justin Sun transfers $244.9m in Ethereum to HTX on Christmas Eve
$500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction
On May 1, Cashshuffle participants shattered records by shuffling 1,774 BCH ($478K) following a $284K shuffle two days prior. In addition to the big shuffles, BCH supporters have started ‘Shuffle Saturday’ so people can gather and mix large quantities of bitcoin cash.
Also read: Former Mod Explains R/Bitcoin Censorship and Why He Was Removed
Close to Half a Million Worth of Bitcoin Cash Shuffled
Recently, news.Bitcoin.com reported on how BCH fans have been shuffling millions of dollars worth of bitcoin cash using the Cashshuffle application for Electron Cash. Moreover, developers released a new Cashshuffle JS library which will make it easier for light clients like the Bitcoin.com Wallet to integrate the protocol.
Additionally, over the last few days, people have shuffled more than $762,000 and the week is still not over. The first big shuffle took place on April 30, as $284K was shuffled for less than a penny and BCH fans discussed the watershed moment on Reddit. The person who noticed the shuffle exclaimed a “quarter million shuffle just occurred — large BCH holders join us.” After that specific shuffle, Jonald Fyookball, the lead developer of Electron Cash, announced Wednesday’s record 1,774 BCH shuffled.
“I can neither confirm nor deny whether my wallet was involved in this transaction,” BCH developer and miner Jonathan Toomim jokingly responded to the announcement.
BCH supporters on Twitter are excited about Cashshuffle.
Cash Fusion and Shuffle Saturdays
Not long after the biggest shuffle yet, Jonald Fyookball also revealed Cash Fusion, a method that coordinates coinjoin transactions with multiple inputs per user in a trustless fashion. Cashshuffle currently can only handle one input but with the Cash Fusion scheme, Alice, Bob, and many others can shuffle with multiple outputs.
Setting up the Sharding Grid — Each player submits a random number to the server, and the server itself also chooses a random number.
Participants only see one input using a method called Sharded Input Proofs which could essentially make Cashshuffle less reliant on trusting a server. “It’s a trustless way to consolidate coins,” Fyookball explained after announcing the concept. Fyookball and the community also discussed trivial concepts like cheating, assigning, and processing blame, which is explained in great detail on the Cash Fusion repository. When Fyookball was asked what happens if Bob doesn’t reveal that Alice cheated, the Electron Cash developer replied: “If blame cannot be assigned then the protocol aborts.”
In addition to the latest shuffle milestones and Cash Fusion, the BCH community also started Shuffle Saturdays and have been shuffling together since Easter. BCH and Cashshuffle developer Acidsploit explained: “On Saturdays, we keep our shuffle wallet open and try to provide as much liquidity as possible to the Cashshuffle protocol.” Acidsploit also regularly shares Cashshuffle statistics on Twitter and since March 27 there’s been 16,617 BCH ($4.5M) shuffled.
What do you think about all the action surrounding the Cashshuffle protocol lately and the $478K shuffle? Let us know what you think about this subject in the comments section below.
Image Credits: Pixabay, Jamie Redman, Acidsploit, Github, and Twitter.
Have you seen our Bitcoin Cash (BCH) tips generator? Anyone can create tips in order to give BCH by email or printable tickets. Recipients easily redeem tips by visiting a web page with instructions, and if the funds are not redeemed you get the money back. Check it out today!
The post $500K of BCH Shuffled in Record-Breaking Cashshuffle Transaction appeared first on Bitcoin News.