A tumbler, also known as a mixing service, is a tool used to enhance privacy in cryptocurrency transactions by obscuring the origin and destination of funds. Tumblers work by pooling multiple users' transactions together, mixing their coins, and then redistributing equivalent amounts of different coins back to the users. This process breaks the traceable link between the sender and receiver, making it difficult for outside observers to track the flow of funds on the blockchain.
Tumblers are often used by individuals seeking to protect their financial privacy or avoid surveillance on public blockchains like Bitcoin. However, the use of tumblers has attracted regulatory scrutiny, as these services can be exploited for illicit activities, such as money laundering and hiding the proceeds of illegal transactions. Due to these concerns, many jurisdictions have implemented regulations aimed at preventing the misuse of mixing services.
Get the Plena Super App, and start investing in 100,000+ cryptocurrencies starting with just $1
.webp)
Plena Wallet, as a decentralized, non-custodial DeFi wallet, operates in a trustless and transparent environment where users retain full control over their assets without the need for such intermediaries. Plena focuses on maintaining transparency and security while allowing users to engage in decentralized finance activities such as staking, swapping, and yield farming. The need for a tumbler does not align with the core principles of Plena Wallet, which prioritizes decentralized and auditable transactions on the blockchain.
%201.svg)
