Dark Wallet

A new project launched last week by Cody Wilson, Amir Taaki, and the anarchist group unSystem (‘Tools for the People’), Dark Wallet uses two methods to protect users’ identities.

Darkwallet development from Sem on Vimeo.

CoinJoin matches a Dark Wallet user with another Dark Wallet user who is making a payment at around the same time. The transactions are combined and encrypted so that it is very difficult to determine who paid who, and in future Dark Wallet plans to expand the idea to combine more users, making a tangled web of transactions that will be very difficult to follow.

While CoinJoin protects senders, ‘stealth addresses’ protects receivers.  When a Dark Wallet user sends money to another Dark Wallet user’s stealth address, Dark Wallet performs an obfuscation process which encrypts the address in the blockchain so that only the recipient can recognise, decrypt, and claim funds from it using his or her Dark Wallet app. This means that no record between the sender and receiver is stored in the blockchain.