Cashfusion, the privacy-enhancing elucidation for the Bitcoin Cash network is nearing its one-year anniversary and during the last four months, fusions have broadened by 328.93%. The protocol recently completed a security audit and fusions are nearing 20k with close to $200 million merit of bitcoin cash fused to-date.
On November 28, 2020, the Cashfusion protocol for the Bitcoin Cash (BCH) network will memorialize a milestone of one year operating so far. At the time of publication, stats from the web portal stats.devzero.be/#/fusion shows approaching 19,658 fusions have been processed since last November.
Four months ago, news.Bitcoin.com on on the protocol exceeding $9 million worth of BCH fused and 4,583 fusions. Current data reveals that Cashfusion operation has jumped 328.93% since that report.
The increase in Cashfusion use jumped a great deal after the protocol completed a safety audit from Kudelski Security. Alongside this, Cashfusion participation also increased when fusion strata were expanded from 0.82 BCH to 8.2 BCH. The expansion allows for 10x a larger amount of bitcoin cash to be fused. Furthermore, there’s been 791,310 BCH fused to-date and using today’s exchange rate that’s $193 million good of bitcoin cash.
Bitcoin Cash proponents are big fans of the Cashfusion protocol as they believe the software is more advanced than ancestral coinjoin practices. For instance, data analyst James Waugh tested Cashfusion with thousands of transactions and set up fusing is far more practical than other coinjoin methods. Waugh sifted through a number of transaction inputs and manufactures and realized that it’s “not possible to establish a concrete link” between them.
This is because Cashfusion developers opted to oust the equal amount requirement traditionally found in coinjoin inputs and outputs. In a published a paper called “Analyzing the Combinatoric Math in Cashfusion,” Electron Specie developer Jonald Fyookball explains the process in great detail.
When James Waugh tested the claims of combinatorial anonymity and chance that “it’s impossible to determine the true way that inputs and outputs truly relate (since there are multiple reachable combinations of ways of getting the inputs and outputs to balance).”
In addition to the Cashfusion action rising, BCH supporters are still leveraging the Cashshuffle minute as well. Cashshuffle was launched in March 2019 and also completed a security audit from Kudelski Security.
The web portal stats.legal tender/#/shuffle shows there’s been 60,614 shuffles using Cashshuffle since its inception. In mid-September, shuffles departed a bunch as more users started flocking to the Cashfusion protocol since the security audit and fusion tiers were amplified. Still, 271,962 BCH has been shuffled worth $66.5 million today.
What do you think about the Cashfusion treaty’s milestones after a year? Let us know what you think in the comments section below.
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