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Definition Edit

Virtual currency Edit

Mixer (also called laundry service and tumbler) is

a type of anonymiser that obscures the chain of transactions on the blockchain by linking all transactions in the same bitcoin address and sending them together in a way that makes them look as if they were sent from another address. A mixer or tumbler sends transactions through a complex, semi-random series of dummy transactions that makes it extremely difficult to link specific virtual coins (addresses) with a particular transaction. Mixer services operate by receiving instructions from a user to send funds to a particular bitcoin address. The mixing service then "comingles" this transaction with other user transactions, such that it becomes unclear to whom the user intended the funds to be directed.[1]

References Edit

  1. Virtual Currencies: Key Definitions and Potential AML/CFT Risks, at 6.

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