Ethereum
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-0.51% last 24h
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24h vol
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Total liquidity
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Balance: $0
($31.9 M)
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Data provided by
CoinMarketCap.comTornado Cash facilitates the privacy-centered decentralized transfer of Ether (ETH) on the Ethereum blockchain. The target is to boost transactional privacy by disassociating the on-chain connection between sender and recipient addresses. Engaging the Tornado Cash arrangement grants permission to deposit and withdraw ETH while avoiding traceability, made feasibly by a technique recognized as "tornado-mixing." This approach involves tokens being poured into a smart contract, with an equal dose obtained from an alternate address, spawning a lack of clarity in the tie between the initial and ultimate recipient addresses. Several developments have been made to the protocol. Tornado Cash utilizes smart contracts on the Ethereum blockchain as its primary functioning system. It conveys its proprietary token, TCASH, which is employed predominantly for governance and voting duties throughout the entire system. Rising attention is being observed for Tornado Cash within the Ethereum community due to its distinctive privacy attributes and operational proficiency. Keen parties are drawn to Tornado Cash in increasing numbers, attracted by the high usage and utility provided by its smart contract procedure. Advancements continue to be made for privacy nuances in Tornado Cash. For Ethereum users seeking improved transactional privacy, there are instructional materials and guides on executing the Tornado Cash protocol.
TORN, also referred to as Tornado Cash, employs zk-SNARKs cryptography on the Ethereum blockchain for maintaining transaction confidentiality. Token holders have governance capabilities including proposal and voting rights for tasks such as protocol upgrades. TORN tokens may be claimed by those who have engaged with the Tornado protocol, allowing for allocation of governance rights to active network participants. However, it's worth noting that TORN's focus on privacy doesn't eliminate all possible challenges associated with blockchain analysis. It’s important for those who utilize TORN to stay updated with the disclosure parameters of the token.
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TORN Metrics:
Current price: $9.9123
Market cap: $37.77 M
All-time high: being indexed (being indexed)
All-time low: being indexed (being indexed)
Daily trading volume: $41.66 k
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