Holding crypto and Bitcoin on the Wasabi wallet
Wasabi crypto wallet has launched a new update dedicated to storing Bitcoin.
Wasabi Wallet: Bitcoin and Crypto for BTCPay Server
A new upgrade of BTCPay Server, a crypto project designed and developed by A. Camilleri and based on Wasabi Wallet’s WabiSabi coinjoin, has announced important new features.
With the upgrade, Wasabi Wallet will protect merchants’ privacy with two simple steps.
By activating the Coinjoin plugin, the trader will be vigilantly protected for their business and enjoy complete privacy.
The operation is only activated the first time, and from then on all Bitcoin transactions will be covered by privacy both inbound and outbound.
Not only security and privacy, but also a batch payment as part of the coinjoin feature.
Through BTCPay Server, with time-based payments, you will be able to pay addresses in the same coinjoin transaction with memory recovery and more privacy.
It will be possible to operate not only in Bitcoin, but also with other crypto-assets with the same protection and speed.
With the Nostr protocol, it will be possible to operate not only with the standard zkSNACKs server, but also with others.
The cost of privacy should be free, but in many cases it is still a taboo, despite this the first steps are being taken for more ethical mechanisms.
“BTCPay Server is the most sophisticated merchant payment processing of bitcoin software. It only made sense that it included an alternative coinjoin plugin with the most sophisticated privacy enhancement tool for Bitcoin. As a coinjoin protocol, WabiSabi was designed with merchants in mind, enabling payments within coinjoins and optimizes the use of block space to save on taxes.
so Max Hillebrand CEO of zkSNACKs and Wasabi Wallet collaborator.
According to Kukks, BTCPayServer contributor:
“BTCPay Server was created to allow individuals and businesses to regain their financial sovereignty. The Wasabi Wallet team and I are proud that it offers even more privacy with this new coinjoin feature. I believe that financial privacy is a basic human right, this the trait is my contribution to that cause.”
What is a crypto wallet
Starting with the premise that there is not just one type of crypto wallet, but different ones with different levels of security, let’s start with the first macro category.
Custody can be as it has been in the past with physical wallets or with either hardware or software bank accounts.
Hardware wallets consist of a flash drive quite similar to USB flash drives and follow the physical concept of carrying around your money.
A crypto wallet stores and manages with high levels of security, but still varies depending on the issuer, private keys.
A private key is generally understood as the alphanumeric cryptographic string used to consent to a transaction.
Crypto wallet basically means a digital location that manages the “password” and keeps one’s Bitcoin and different cryptocurrencies safe.
Crypto wallets typically provide the ability to store from different blockchains via smart contracts.
Some state-of-the-art wallets such as VPay, for example, store private passwords, but also provide access to DApps and Web3.
Crypto wallets conform to the philosophy underlying the crypto world that envisions fluid transactions without troubling third parties.
