CoinJoin’s Trezor integration is driving the community crazy with concerns about the censorship of Bitcoin (BTC) transactions by the hardware wallet company.
Trezor implements CoinJoin
On April 19, hardware wallet maker Announced implement CoinJoin in collaboration with Wasabi Wallet.
Trezor said that the new feature would improve the security and privacy of user transactions. The firm said that the new feature is available in its Trezor Model T wallet, adding that it would be integrated into the Model One at a later date.
CoinJoin typically combines multiple transactions to obfuscate user transactions to improve privacy. This makes it difficult to trace these transactions back to a specific individual, since multiple users are involved in a single transaction.
Trezor said that the CoinJoin feature would be available to users by clicking the “Anonymize” button. The degree of privacy is determined by the number of CoinJoin rounds the user prefers.
The firm added that the rest of the process is automated and does not require the active participation of the user. The feature attracts a fee of 0.3% of the amount the user wants to obfuscate,
Community Highlights Censorship Concerns
The crypto community criticized the new Trezor feature, many citing the censorship concerns that come with it.
Proof of Decentralization podcast host Chris Blec highlighted this concern, saying that “the terms of service for Wasabi Wallet (zkSNACK), which will provide Trezor’s new CoinJoin feature, gives” room for censorship.
blec saying:
“Wasabi’s tool is a complete capitulation to government censorship. It blocks BTC transactions that are for purchasing weapons and ammunition, sexual content, alleged copyright violations, credit repair services, and much more. It also states that they are under no obligation to tell you because You are blocked.
A rival privacy company, Samourai Wallet, also highlighted this concern in various tweets. According to the firm, the new Trezor integration is a conduit for surveillance.
Meanwhile, the hidden answer in Trezor’s CoinJoin announcement presented hid all responses that expressed these censorship concerns.
Trezor had not yet responded to CryptoSlate’s request for comment at press time.
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