Cashfusion, the privacy-enhancing solution for the Bitcoin Cash network is nearing its one-year anniversary and during the last four months, fusions have increased by 328.93%. The protocol recently completed a security audit and fusions are nearing 20k with close to $200 million worth of bitcoin cash fused to-date.
On November 28, 2020, the Cashfusion protocol for the Bitcoin Cash (BCH) network will celebrate a milestone of one year operating so far. At the time of publication, stats from the web portal stats.devzero.be/#/fusion shows approximately 19,658 fusions have been processed since last November.
The increase in Cashfusion use jumped a great deal after the protocol completed a security audit from Kudelski Security. Alongside this, Cashfusion participation also increased when fusion tiers were expanded from 0.82 BCH to 8.2 BCH. The expansion allows for 10x a larger amount of bitcoin cash to be fused. Moreover, there’s been 791,310 BCH fused to-date and using today’s exchange rate that’s $193 million worth of bitcoin cash.
Bitcoin Cash proponents are big fans of the Cashfusion protocol as they believe the software is more advanced than traditional coinjoin practices. For instance, data analyst James Waugh tested Cashfusion with thousands of transactions and found fusing is far more practical than other coinjoin methods. Waugh sifted through a number of transaction inputs and outputs and realized that it’s “not possible to establish a concrete link” between them.
This is because Cashfusion developers opted to remove the equal amount requirement traditionally found in coinjoin inputs and outputs. In a published a paper called “Analyzing the Combinatoric Math in Cashfusion,” Electron Cash developer Jonald Fyookball…