Wasabi Wallet 2.0 Releases, Focuses on Optimizing Accessibility for Coinjoining
The latest Wasabi update optimizes the coinjoining process with pre-made profiles that allow customizable privacy settings with improved user experience.
- Wasabi Wallet has released the latest version of its bitcoin hot wallet, focusing on accessible coinjoining features and improved user experience.
- Coinjoining is automatic, although users can disable the feature, but users cannot select which UTXOs they wish to join.
- Wasabi Wallet 2.0 has a 0.3% coordination fee and pre-set options to optimize the coinjoining experience.
Wasabi Wallet 2.0, a bitcoin-only hot wallet, has been officially published bringing a suite of new features with an intuitive, user-friendly design that seeks to bring an improved level of accessibility for casual users, according to a press release sent to Bitcoin Magazine.
The updated app aims to offer high privacy with lower and more transparent fees. The coordination fee, paid to the facilitator for the coinjoining process, is a flat rate of 0.3%. However, this fee will only be charged to new coinjoins or users who have never used this process for their given coins. This means Wasabi 1.0 remixes and releases will not be charged, nor will transactions for 0.01 BTC or less.
Wasabi attempts to provide a higher level of privacy to its users by allowing customization or a selection of predefined defaults for coinjoining transactions and by removing change outputscreating a smaller digital footprint.
Upon logging in, users will see a progress bar appear immediately at the bottom of the application indicating that the “auto-coinjoin” process has been initialized. This process automatically selects unspent coins or transaction outputs (UTXO), to combine. However, this feature can be disabled through personalization settings.
Among the previously mentioned presets for coinjoining, users will find: privacy, speed, and cost maximization options. If a user chooses to optimize for privacy, the platform will place less weight on the cost and speed of a transaction, and instead focus on the “anonymity score” of the transaction.
The anonymity score ranges from 2 to 300, and by default when set to focus on privacy, the platform will attempt to achieve a score of 50, according to CEO Max Hillebrand during a space Twitter attended Bitcoin Magazine. Users can choose one of the other two options and the base anonymity score will default to 5.
Additionally, Wasabi users will have access to a section called “Coin Wallet”, which will allow users to select specific UTXOs. However, this section is not related to the coinjoining process. Users cannot select which UTXOs they want to reach, but they can select specific UTXOs they want to send to another address. This feature can be useful for particular UTXOs that a user does not want to spend or join, as those coins could just be sent to another wallet.
A full list of features and user experience updates is available hereas well as a video tutorial.
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