Smartmixer has this special concept of using not only one, but three individual coin-pools. Coin-pools are basically the coin-reserves that a mixer utilizes to send coins that are clean to users.
So every time a user sends his/her unclean coins into Smartmixer, these coins are stored at an proper coin-pool, and the user is routed different coins from one of the pools. These new coins are certainly not linked to the old coins delivered by the consumer.
Users get to pick the exact coin-pool they’d love to obtain the coins from, it depends on the service fee a user chooses to cover.
The 3 pools offered by Smartmixer are:
Standard Pool: The most common pool for virtually any mixer. Comprises of coins from different users. Is the cheapest pool.
Smart Pool: Is the most volume-rich pool, as it includes of coins from other users (standard Pool) + Smartmixer’s reservations + Investor’s cash.
Stealth Pool: Isn’t as volume-rich as Smart Pool, but is a lot more anonymous and”wash”. Only holds coins from the company reserves and investor’s money. No unclean coin from different users has shipped here. Also costs the highest service fee.
All these pools are what impressed me about Smartmixer (in addition to a few more features). What this establishes is that the new coins will be anonymous and clean, period.
But what about the other characteristics a mixer should provide? Let’s take a look at them.
You may have discovered rather than calling it a”Bitcoin mixer”, I have been speaking about it as the”Cryptocurrency” mixer.
That is because it supports the mixing of numerous coins in addition to Bitcoin. Infact, it likely is the only mixer in the industry with such a varied mixing-portfolio.
Smartmixer.io lets users combine:
Harmon was detained in February for operating a steady of tumblers, or mixers, that Washington, D.C. prosecutors allege constitute unregistered money services businesses. Those fees against him state he laundered over $300 million in Bitcoin. In accordance with today’s announcement,”FinCEN’s analysis has identified at least 356,000 bitcoin trades through Helix.”
Mixing services attempt to privatize cryptocurrencies by sending them via a massive series of transactions involving a variety of wallets. The process intends to obscure the roots of coins as well as the entity in control of them when they come out of mixing. Harmon’s pellets were just available via the dark web.
FinCEN claims that Harmon deliberately flaunted the provisions of the Bank Secrecy Act, the basis of U.S. Anti-Money Laundering legislation. It had been violations of the BSA that resulted in criminal charges from the executive team of crypto exchange BitMEX before this month.
U.S. governments have been on the prowl for criminal activity based on crypto. The Department of Justice recently published a report that emphasized privacy Teams such as Monero (XMR) as a cause for alarm.
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