BlockWallet Launches BSC Privacy Pools
BlockWallet’s Privacy Pools feature is coming to Binance Smart Chain (BSC). Powered by zk-SNARKs technology, Privacy Pools render transactions untraceable by mixing funds in a smart contract. This allows transferring funds without links to your main wallet and identity on the blockchain.
An Important Step for BlockWallet
The addition of BSC Privacy Pools unlocks massive benefits for BlockWallet users. By using the BSC network Privacy Pools, users experience faster blockchain confirmations and significantly lower gas fees when compared to the ETH network Privacy Pools. Privacy is now cheaper and more accessible than before at BlockWallet.
They’re also tapping into a new group of users that prefer the BSC network over the Ethereum network. Last year, BSC recorded a high of 2,105,367 addresses — more than double Ethereum’s all-time high of 799,580 in 2021.
Users will now have another chain option to securely transfer funds, eliminating the chore of bridging to the Ethereum network to make private transactions. BlockWallet also offers BSC Privacy Pools users a simple way to stay compliant on-demand with our Compliance Reports to prove a source of funds, report taxes, etc.
Current Alternatives Simply Don’t Compare
Current alternatives to privately send and receive crypto on the BSC network simply don’t compare to BlockWallet’s simple user experience and unparalleled security features.
Let’s take Ginga Finance’s BNB Mixer, for example. With a maximum delay of only 180 minutes in their Privacy Pool, their user’s funds are at high risk of being identified through spam deposits. The more time in the Privacy Pool, the safer your funds are. At BlockWallet, they recommend keeping your funds in the Privacy Pool for at least 24 hours before pulling them out.
Another alternative is Typhoon Network. They’re a fork of Tornado cash that offers the same clunky user interface that is difficult for users to navigate.
With BlockWallet, users can enjoy a simple-to-use interface that provides maximum security for its users with unlimited Privacy Pools mixing periods. Secure your BSC transactions with just a few clicks and experience the best way to send/receive crypto securely on the BSC network.About BlockWallet
About BlockWallet
BlockWallet is a privacy-first non-custodial browser extension wallet where you can store, send or receive crypto and interact with your favorite blockchain apps privately.
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