HomeLatest NewsTornado Cash (TORN) is a big winner, adding 51% to its value

Tornado Cash (TORN) is a big winner, adding 51% to its value

A Tornado of cash

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

Binance

Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Buy TORN with Binance today

Swapzone

Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.

Buy TORN with Swapzone today

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 These deposits can be withdrawn by any on-chain address. Whenever an asset is withdrawn by the new address, there is no way to link the withdrawal to the deposit, ensuring asset privacy.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

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