“Dark Wallet” Bringing the Bitcoin Back to its Roots

The Bitcoin has been struggling for a while now, with a value still trying to stabilize itself after some huge value losses as well as due to all the regulation talk and theft that has happened within the last six months. It seems that the Bitcoin is becoming too mainstream nowadays, with the governments wanting to regulate it like a real currency and thus gain the control the need.

But not everyone agrees that this is how Bitcoins should be treated, as they believe that it needs to be a completely anonymous way of transferring money for whatever purpose that the person want. There shouldn’t be any control and nobody but you should know what you are transferring Bitcoins for.

This has lead to the creation of the “Dark Wallet”, which was first shown to the public in the fall of 2013, where the creators Cody Wilson and Amir Taaki were looking for $50,000 in funding to start creating the wallet system that makes all transactions nearly impossible to trace, due to an encryption that they put on all transactions which they named “CoinJoin”.

What the software does is basically to register multiple transactions as one transaction, which effectively masks the transfers you are doing so nobody can see the recipient or similar. The software is completely legal to own and use, but the creators has not tried to hide the fact that the wallet is primarily made to mask illegal transactions.

You can download the Dark Wallet application from today, by visiting this link and below you can see a video that explains the basics of the Dark Wallet so you can understand better what it does exactly.  

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

Recent Posts

Professional investors skeptical about Bitcoin, a recent Bank of America survey says

Bank of America recently asked 200 professional investors with $533 billion in assets under management for their opinions on Bitcoin.…

3 days ago

AXA Switzerland now offers Bitcoin as a payment method

Insurance provider AXA Switzerland announced that its Switzerland customers will now be able to pay their bills in Bitcoin (BTC).…

3 days ago

DOGE “to the moon” as Robinhood faces more scrutiny

After yet another phenomenal rally surging 114% in the last 24 hours, Dogecoin (DOGE) hit an all-time high of $0.29.…

3 days ago

“Bitcoin’s peak volatility is right on track to drop below fiat volatility”

There will come a time that Bitcoin will be less volatile than fiat money as money is being redefined. And…

4 days ago

GoldMan Sachs watching Bitcoin’s every move

Goldman Sachs is keeping a close eye on Bitcoin. In an earnings call on Tuesday, the bank’s Chief Executive Officer,…

4 days ago

Coinbase’s COIN is Live on Nasdaq, while Bitcoin and Ethereum jumped to new all-time highs

After months of intense build-up towards their big day, Coinbase finally listed on the Nasdaq with ticker COIN. And the…

4 days ago