Tornado Cash (TORN) is a big winner, adding 51% to its value
The live Tornado Cash (TORN) price today is $47.49 with a 24-hour trading volume of just under $300 million. it is up 51% today. Look no further than this quick guide for the details on this cryptocurrency, if you should invest in it, and where to buy it if you so choose.
Top places to buy Tornado Cash now
As TORN is such a new asset, it’s yet to be listed on major exchanges. You can still purchase TORN using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy TORN right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for TORN
Now that you’re connected, you’ll be able to swap for 100s of coins including TORN.
What is Tornado Cash?
It is a decentralized, non-custodial privacy solution built on Ethereum. It improves transaction privacy by breaking the on-chain link between recipient and destination addresses.
The solution uses a smart contract that accepts ETH and ERC-20 deposits. These deposits can be withdrawn by any on-chain address. Whenever an asset is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring asset privacy.
To ensure privacy, Tornado Cash uses zero knowledge proofs (zk-SNARKs). When a user decides to make a withdrawal, the user must provide proof of secret information corresponding to one of the smart contract’s list of deposits.
This proof is verified without the user needing to reveal which exact deposit corresponds to their secret info. The smart contract then checks the proof, and transfers deposited funds to the address specified by the withdrawal transaction. No external party can link the deposit to the withdrawal.
Should I buy it today?
Tornado Cash can be a lucrative investment, but take the time to study the market and read estimates on its price trajectory before making a commitment.
TORN price prediction
Tech News Leader considers TORN a good investment. They predict it can go up to $75.44 in one year, to $243 in 5, and to a whopping $1,543 in a decade.
Tornado Cash on social media
PUMP MY BAGS!$TORN #tornadocash #altcoins #privacycoin https://t.co/Vnj5N4RuCT
— TAnon (@ilsentinel) February 16, 2022
The post Tornado Cash (TORN) is a big winner, adding 51% to its value appeared first on Coin Journal.
