What is a wasabi wallet? Investigate its features, security and future

The introduction of purse Wasabi ( Wasabi)

Wasabi is a bitcoin-specific wallet that is non-seizure and privacy-focused. This wallet is software that runs on your computer and helps you manage your bitcoins.

Despite the very complex and technologically advanced internal structure , it is very easy to use. You can create a new set of private keys or enter existing keys.

With Wasabi, you can have full control of bitcoins and send bitcoins to another person without the need for permission from another person or entity.

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Wasabi also has a powerful Kevin Joyne feature that helps you uncertain your trading history. This feature has helped its users to regain the privacy of several hundred thousand bitcoins and the liquidity is always increasing.

You can use Wasabi to manage your hardware wallet and it even connects to your full node.

Wasabi is free and open source, meaning you can authenticate and create software with which you manage your money.

Wasabi has already been downloaded and installed more than 100,000 times.

It all starts with syncing

In general, Wasabi is another bitcoin wallet, but what makes it special is that unit design decisions are made with privacy as a top priority.

This important principle begins before the wallet is loaded and synchronized with the Bitcoin blockchain. Wasabi is the first wallet to implement BIP158 (Client Compact Block Filtering) filters, a new way for lightweight clients who can figure out how much bitcoin they have privately.

It is important to note that Wasabi does not send your public key or extended addresses to any third party server.

This financially sensitive data will never leave your computer. Instead, the back-end server provides a fixed set of filters to your wallet, and if the block contains your transaction, your wallet will check the issue locally.

Assuming a positive answer, the customer will download the block wallet from the P2P bitcoin node, just like any other bitcoin node. All of this happens through the Tor network and each time with new Tor identities.

Know who knows about your coins!

When you create an address to receive bitcoins, you will immediately notice another special Wasabi service. It is necessary to assign a tag to any address of the observer who knows that this address belongs to you.

For example, if Alice returned the money for last night’s pizza, then Alice is in the label position. Labeling is a very important feature to know which coin is from whom. That is why it will help your privacy in the future.

When you receive bitcoins on an address, you will see two important aspects of the graphical user interface.

First, the recipient address will be deleted, because these addresses should only be used once and never used again!

Reusing an address is one of the most important privacy leaks in Bitcoin, as it lets everyone know which coin belongs to the same user.

The second aspect is that instead of just showing the balance of the entire wallet, there is a list of all the coins that can be spent, these coins are the outgoing transaction outputs.

Coin-aware observers are clearly labeled on each coin, as specified when generating the address. This makes coin control and conscious coin selection based on direct understanding and also helps a lot with privacy.

CoinJoin is ready for your privacy.

If you do not want your employer to know where your money is being spent, or if a trader can know how much money you have, then you should coin your bitcoin, as this will cut the connection between the inputs and outputs of a transaction.

It is good to know that Kevin Jovin is a wasabi wallet , unsecured (meaning that no one can steal from you) and without the need for trust (meaning that no one, not even the central coordinator, can spy on you).

Although the Quinn Join protocol is a bit complicated, its use in Wasabi is hassle-free, and this feature makes Wasabi extremely powerful.

Because each coin is clearly labeled, you know which coin is not yet private, for example when you purchased them at a KYC exchange. All you have to do to get your privacy back is select this coin, enter your password and click the Create and Register button in the next Kevin Join.

The privacy gained by Kevin Join depends on the number of users who register at this time.

Each user will have an equal amount of output that cannot be associated with specific inputs.

Wasabi tries to collect 100 users and as a result creates 100 anonymous collections with each round. At the time of writing, the minimum amount of coins is approximately 0.1 bitcoin and occurs at least once per hour.

Be patient, you will have enough anonymous collections in a short time. At the end of the round, you will see a new coin in the list, with a green tick mark shield. This green mark indicates that your privacy goal has been achieved.

The latest version of Wasabi even enables you to efficiently and privately insert Kevin Joyne directly into another wallet, such as your hardware wallet.

Send bitcoins privately

Yes! You can send your bitcoins to someone else in Wasabi. The label, manual control features coins and Kevin Jovin , this can be done in a confidential fashion.

Return what you have already earned.

The tag address, the manual control features coins and Kevin Jovin , this can be done in a confidential fashion. For example, if Alice sent you bitcoins in the past and now you want to give her money, OK! Choose a coin that Alice already knows about.

Or send a bitcoin coin bitcoin.

But if you do not want the recipient to know the history of your previous transactions, then you must send a coin that has already been coined. With the help of the green tick mark shield, you can easily see which of them are coined.

Select the coin and label the obsorvers.

After selecting the coins, specify the amounts to be sent, label the obsorvers that know about the transaction, specify the extraction cost, confirm that everything is fine, type in your password, and then click on the send option. click.

Wasabi securely signs the transaction and then distributes it to a random P2P bitcoin node via the Tor network with its new identity , as other nodes do.

But wait, there are more!

All of the above has already made Wasabi a first-class wallet for Bitcoin. In addition, Wasabi has several other important features that make it even better.

For a long time, you can connect your complete ninety bitcoins to Wasabi, and now Wasabi itself has included the bitcoin binaries of the Bitcoin Knots wallet in this software.

This means that any user can now run a full ninety bitcoins with just one click in the Wasabi GUI.

At the moment, Wasabi still does not use the full nineties to confirm the public agreement, but the developers of this wallet are working hard to make this a reality.

In addition, the implementation of your personal node is itself a privacy enhancement. However, Wasabi is doing well as a lightweight client right now, even better than running a full node.

However, this is considered to improve bandwidth because it does not need to be reloaded. Of course, every bitcoin user must run their full node, and of course this includes Wasabi users.

Wasabi can also be used for private management of hardware wallets or other offline signature devices.

Wasabi can only work with public keys to search your coin chain and perform unsigned bitcoin transactions. The private keys of these coins are on the hardware wallet, and these keys can be connected to the ColdCard wallet via USB or even creating air gaps via SD cards.

After confirming and signing the hardware wallet transaction, it can be distributed privately through the tour network. All of this is enabled by the Bitcoin Core software’s superb hardware wallet interface.

The latest version of Wasabi also supports multiple wallets, meaning that multiple Wasabi wallets can be downloaded in one version of the software. This allows different wallets to be downloaded and sent between them quickly and easily. Part of that advantage is the amazing feature of connecting directly to another wallet, such as your own hardware wallet.

What awaits the future of the Wasabi Wallet project?

The Wasabi Wallet project is not yet complete, and there are several open source developers who are constantly working to further improve it.

The short-term roadmap includes the integration of PayJoin and the KevinJoin technique of steganography between a sender and a recipient.

Wasabi now acts as a direct comprehension when you use it. However, the team is working on a complete redesign of the user experience to make it more beautiful.

For a long time, research on wasabi , new way Kevin Jovin , is in progress. Wasabi intends to make it possible to send custom amounts to a third party address directly in Kevin Join.

If the research team succeeds in researching and implementing this, great progress will be made in Kevin Joven techniques.

the final conclusion

In the two years spent on development, Wasabi has increased the level of what the Bitcoin Privacy Wallet can do to protect users’ privacy. Focusing on privacy at every level of design has created not only a very secure wallet but also a wallet based on direct perception of use.

Kevin Joyne’s powerful feature constantly attracts new users to pair their coins with other Wasabikas. Wasabi’s past proves his commitment and project history, and his future is as bright as ever.