The developers in the Bitcoin Cash ecosystem, the 4th largest cryptocurrency in the world and much disputed for hard forking from Bitcoin, are now working on a project called Cashshuffle. Under this, a concept called Tokenshuffle lies that was formed by the community developers to anonymize BCH transactions. The developers have reportedly been focused on the fungibility aspect of the coin over the past few months.
According to Bitcoin.com, the popular online portal run by BCH proponent Roger Ver, the idea of Tokenshuffle is significant for the community to provide added privacy to the transactions. Furthermore, a developer named Chris Troutner was the one who outlined and published Tokenshuffle as a concept on 12th October.
Tokenshuffle is a light wallet built with the help of two types of cryptocurrency mixing protocols. Currently, Troutner is planning to build an open source application for the protocol after the review phase of the project is over.
The developer also made a statement regarding Tokenshuffe and conveyed that the idea is a hybrid of the fundamentals involved with Coinjoin and Coinshuffle. He also mentioned anonymity as the key idea behind the project. In his words:
“Tokenshuffle is a protocol for anonymizing Bitcoin Cash (BCH) and improving its fungibility. This protocol is loosely based on the ideas in Coinjoin and Coinshuffle, and is intended to be implemented as a light-weight web app that people can anonymously interact with.”
The Cashshuffle project has gone so far as to have published a roadmap for itself, where privacy remains the highlighted feature and motivation. In fact, the programmers working on the project revealed that the tool might be ready soon by entering its phase of maturity in the upcoming one to two months. The team expects Cashshuffe to become a concrete fungibility solution for Bitcoin Cash.
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