Plugin – Coin Network News https://coinnetworknews.com If it's coin, it's news. Tue, 28 Feb 2023 07:11:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 Btcpay Introduces New Coinjoin Plugin for Enhanced Bitcoin Privacy for Merchants – Privacy Bitcoin News https://coinnetworknews.com/btcpay-introduces-new-coinjoin-plugin-for-enhanced-bitcoin-privacy-for-merchants-privacy-bitcoin-news/ https://coinnetworknews.com/btcpay-introduces-new-coinjoin-plugin-for-enhanced-bitcoin-privacy-for-merchants-privacy-bitcoin-news/#respond Tue, 28 Feb 2023 07:11:25 +0000 https://coinnetworknews.com/btcpay-introduces-new-coinjoin-plugin-for-enhanced-bitcoin-privacy-for-merchants-privacy-bitcoin-news/

On Monday, Wasabi Wallet and the open-source bitcoin payment processor Btcpay announced a new plugin for the Btcpay server. The plugin implements Wasabi’s Wabisabi coinjoin coordination protocol, allowing merchants to benefit from privacy enhancement. By activating the newly launched plugin, all the funds that merchants receive and send will be coinjoined, or mixed together with other bitcoin transactions.

New Btcpay Server Plugin Aims to Bolster Bitcoin Privacy

According to an announcement from the privacy-centric bitcoin wallet platform Wasabi Wallet and the bitcoin payment processor Btcpay, merchants now have the ability to obfuscate their incoming and outgoing bitcoin (BTC) transactions.

The technology comes in the form of a new plugin for Btcpay, which was developed by Andrew Camilleri and based on Wasabi Wallet’s Wabisabi coinjoin coordination protocol. The Btcpay plugin’s scheme “protects the privacy of all their incoming and outgoing transactions by preventing sensitive information about their store’s payment history from leaking to unconcerned parties,” Wasabi explained in a summary sent to Bitcoin.com News.

“Btcpay Server was created to empower individuals and businesses to regain their financial sovereignty,” said Kukks, the developer of the Btcpay Coinjoin Plugin, in a statement. “The Wasabi Wallet team and I are proud to offer even more privacy protection with this new coinjoin feature. I believe that financial privacy is a fundamental human right, this feature is my contribution to that cause.”

The announcement details that all Btcpay Server merchants can utilize the coinjoin process with a liquid coordinator provided by Zksnacks, the firm behind Wasabi Wallet. Moreover, Btcpay Server administrators can start their own coinjoin coordinators on their own terms if they choose not to use the Zksnacks coordinator. The two firms further mentioned that the new coinjoin service also provides a payment batching feature that saves block space.

“It only made sense that it would include an optional coinjoin plugin with the most sophisticated privacy-enhancing tool for bitcoin,” Max Hillebrand, Wasabi Wallet contributor and the CEO at Zksnacks said. “As a coinjoin protocol, Wabisabi has been designed with merchants in mind, enabling payments inside coinjoin and optimizing block space usage to save on fees.”

Btcpay is not the only company that has collaborated with Wasabi and introduced the privacy-enhancing coinjoin technology. In September 2022, Trezor announced that it was adding a coinjoin implementation into the firm’s hardware wallet.

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Anonymity, Bitcoin, Bitcoin Transactions, block-space, Blockchain, Btcpay, CoinJoin, coordination protocol, Cryptocurrency, Decentralized, Digital Currency, Fees, financial empowerment, Financial independence, financial privacy, financial rights, Financial Sovereignty, Hardware wallet, human rights, Merchants, Open Source, Payment processor, plugin, Privacy, privacy protection, Security, technology, Trezor, Wasabi Wallet, Zksnacks

What do you think about the new Btcpay Server plugin and its potential impact on enhancing bitcoin privacy for merchants? Let us know your thoughts in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Btcpay

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]]> https://coinnetworknews.com/btcpay-introduces-new-coinjoin-plugin-for-enhanced-bitcoin-privacy-for-merchants-privacy-bitcoin-news/feed/ 0 BTCPay Server Adds WabiSabi CoinJoin Plugin, Giving Option For Increased Privacy For Merchants https://coinnetworknews.com/btcpay-server-adds-wabisabi-coinjoin-plugin-giving-option-for-increased-privacy-for-merchants/ https://coinnetworknews.com/btcpay-server-adds-wabisabi-coinjoin-plugin-giving-option-for-increased-privacy-for-merchants/#respond Mon, 27 Feb 2023 16:03:34 +0000 https://coinnetworknews.com/btcpay-server-adds-wabisabi-coinjoin-plugin-giving-option-for-increased-privacy-for-merchants/ Merchants using BTCPay Server will now be able to protect their privacy using Wasabi Wallet’s CoinJoin coordination protocol.

Bitcoin payment processing software BTCPay Server has added a CoinJoin plugin for its merchants, allowing them to retain privacy while managing their stores. Stores that activate the Wasabi Wallet-based WabiSabi CoinJoin coordination protocol will be able to automatically CoinJoin all of the bitcoin they receive.

A CoinJoin is when two or more people combine their transactions into one transaction, in such a way that it is unclear who owns which coin after the transaction.

The plugin, developed by Andrew Camilleri, also offers a payment batching in CoinJoin feature, allowing users to pay addresses directly within a CoinJoin transaction. This will save block space and enhance privacy compared to making a payment in two steps, states the press release sent to Bitcoin Magazine.

The BTCPay Server plugin also includes a coin selection interface that lets merchants spend their coins based on their gained anonymity scores. By using the WabiSabi CoinJoin protocol, merchants can perform arbitrary amount CoinJoins rather than fixed denomination CoinJoins, reducing the amount of non-private change users receive and making payments inside the CoinJoin possible.

“BTCPay Server is the most sophisticated merchant payment processing software for bitcoin. It only made sense that it would include an optional CoinJoin plugin with the most sophisticated privacy-enhancing tool for Bitcoin,” said Max Hillebrand, Wasabi Wallet contributor and CEO at zkSNACKs. Users can access a dashboard to assess the level of privacy of their wallets and the details on the current CoinJoin transaction they are participating in, and gain additional insights and control with coin selection in and out of CoinJoin transactions.

All BTCPay Server merchants can now utilize the new CoinJoin feature. They can choose to CoinJoin for a fee with a coordinator provided by zkSNACKs, and all BTCPay Server admins can spin up their own CoinJoin coordinators using their own terms, built upon Wasabi Wallet’s WabiSabi CoinJoin protocol. If users run their own coordinator, the BTCPay Server Plugin also offers an optional revenue-sharing feature that donates a percentage of proceeds to the HRF and OpenSats foundations.



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