Jumblr the Decentralized Bitcoin Blockchain Tumbler by Supernet
Industry: Financial Services
Jumblr Although Bitcoin provides countless advantages, privacy is not one of them. Users no longer have to trust centralized mixers with high fees. www.SuperNET.org
New York (PRUnderground) May 17th, 2017
Jumblr, created by SuperNet, is a decentralized coin shuffling service built into the easy to use wallet named Agama. SuperNet, being at the forefront of blockchain technology, has developed a new method in which users can keep coin shuffling transactions and identity confidential. Coin shuffling services are currently available on the cryptocurrency market, however, they are centralized (meaning the user’s funds may get stolen) and drenched in steep fees. SuperNet even adds a new twist in that it combines zero-knowledge proof technology (cutting edge technology developed by Zcash) on top of the Jumblr service. This service creates two layers of confidentially for the user, making the Jumblr service the most advanced privacy service to date.
Coin shuffling is the process of users connecting with other users in order to mix funds around making it difficult for onlookers to track where funds are moving to and from. In order to shuffle Bitcoin, Bitcoins are converted into Komodo coins (which transactions are protected via Zero-Knowledge proof technology), then are shuffled, then are converted back into Bitcoins. This is all done through atomic cross-blockchain swaps. The Jumblr mixing will cost a fee of 0.3% of the transaction, a very small price to pay for guaranteed confidentiality. Jumblr fees will also move through SuperNet assets as part of its profit sharing program.
“Jumblr makes it easy to use zk-SNARKS privacy technology to anonymize Bitcoins or Komodo. The process is totally decentralized and secure as the user is only sending coins through a private Komodo address that he himself controls.” – Audo
“I designed the Jumblr to take advantage of zcash protected transactions and made a one party tumbler. You don’t have to release control of your coins to anybody else and still you end up with an anon set that is all the participants” – JL777
Jumblr is one of many features that SuperNet are currently working on. Other main features are a decentralized trading platform, decentralized poker, pegged assets and more. SuperNet has already released it’s wallet, named Agama, which holds multiple coins and has rapid syncing capabilities. SuperNet is the hidden secret of the cryptocurrency world.
For more information on SuperNet, go to https://supernet.org.
For more information on Jumblr, go to https://jumblr.info/.
