Tornado Cash Coin is the native cryptocurrency of Tornado Cash, offering users governance rights within the protocol. This decentralized privacy solution operates on the Ethereum network, enhancing transaction privacy by severing the on-chain link between the recipient and the destination addresses. Utilizing a smart contract, Tornado Cash accepts ETH and ERC-20 deposits, ensuring that withdrawals can be made to any address on any chain without linking them back to the deposit.
What Technology Powers Tornado Cash?
Tornado Cash leverages zk-SNARKs technology, a zero-knowledge proof model that maximizes privacy. This technology allows for proof verification without requiring users to disclose any privacy-related information. When a user initiates a withdrawal, the smart contract verifies the proof and transfers the deposited funds to the specified address, making it impossible for external observers to correlate the deposit with the withdrawal.
Moreover, the use of zk-SNARKs ensures that any transaction remains confidential and secure. By maintaining anonymity for both senders and receivers, Tornado Cash provides a robust solution for those prioritizing privacy in their cryptocurrency transactions.
Where Can You Purchase TORN Coin?
TORN Coin is available for trading on Binance, the world’s largest cryptocurrency exchange by trading volume. On the Binance platform, Tornado Cash Coin is traded under the pairs TORN/BTC, TORN/BNB, TORN/BUSD, and TORN/USDT. To buy TORN Coin, users need to first register on Binance, transfer cryptocurrency or fiat currency to their Binance wallet, and then proceed with the purchase using one of the four trading pairs.
For instance, to buy TORN using the TORN/USDT pair, navigate to the pair’s trading interface, enter the desired purchase amount under the limit tab, and place a Buy TORN order to complete the transaction.
Key Takeaways
– Tornado Cash uses zk-SNARKs to ensure maximum privacy.
– TORN Coin, an ERC-20 token, is integral for governance in Tornado Cash.
– Binance offers multiple trading pairs for TORN Coin purchases.
– Transactions on Tornado Cash maintain complete anonymity.
– Users must register and fund their Binance account to buy TORN Coin.
In conclusion, Tornado Cash offers a decentralized and secure solution for private transactions on the Ethereum network. TORN Coin plays a crucial role in protocol governance, and its acquisition is facilitated through major exchanges like Binance.