{"id":10258,"date":"2023-03-13T07:18:33","date_gmt":"2023-03-13T07:18:33","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=10258"},"modified":"2022-05-17T03:36:59","modified_gmt":"2022-05-17T03:36:59","slug":"what-is-privatesend","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-privatesend","title":{"rendered":"What is privatesend?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-privatesend\/#what_is_privatesend\" >What is PrivateSend?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-privatesend\/#how_does_privatesend_work\" >How does PrivateSend work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-privatesend\/#advantages_and_disadvantages_of_privatesend\" >Advantages and disadvantages of PrivateSend<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-privatesend\/#advantages_of_privatesend\" >Advantages of PrivateSend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-privatesend\/#disadvantages_of_privatesend\" >Disadvantages of PrivateSend<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>If you are already familiar with the\u00a0<strong>Dash<\/strong>\u00a0cryptocurrency, you probably already know that\u00a0<strong>its main purpose is to allow transactions to be made securely and above all anonymously<\/strong>. But why am I telling you about Dash if the topic of this article is \u2018PrivateSend\u2019? If you want to find out, read on.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h2><span class=\"ez-toc-section\" id=\"what_is_privatesend\"><\/span><strong>What is PrivateSend?\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<p>As Dash explains on its official website,\u00a0<strong>PrivateSend<\/strong>\u00a0is a trustless, non-custodial method based on a decentralized coin mixer in the Dash protocol that\u00a0<strong>is designed to enhance the user\u2019s financial privacy and hide the origin of funds.<\/strong><\/p>\n<p>It does this by executing a sequence of transactions (known as a \u201c<a href=\"https:\/\/www.bitnovo.com\/blog\/que-es-coinjoin\/\">CoinJoin<\/a>\u201c) that makes it virtually impossible to trace the history of transactions.<\/p>\n<p><b>The purpose of PrivateSend is to maintain the fungibility of Dash cryptocurrencies by eliminating their history\u00a0<\/b>on the network and completely hiding the origin of users\u2019 funds.<\/p>\n<p>This functionality is available in both Dash Core and Dash Electrum wallets and allows processing any amount of Dash.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<h2><span class=\"ez-toc-section\" id=\"how_does_privatesend_work\"><\/span>How does PrivateSend work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_834782783\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/Qu%C3%A9-es-privatesend1.jpg\" sizes=\"(max-width: 768px) 100vw, 768px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/Qu\u00e9-es-privatesend1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/Qu\u00e9-es-privatesend1-300x205.jpg 300w\" alt=\"\u00bfC\u00f3mo funciona PrivateSend?\" width=\"768\" height=\"526\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/Qu\u00e9-es-privatesend1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/Qu\u00e9-es-privatesend1-300x205.jpg 300w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2021\/03\/Qu\u00e9-es-privatesend1.jpg\" data-sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>PrivateSend\u2019s performance is due to the innovative two-tier network that characterizes the Dash protocol.<\/p>\n<p>Like Bitcoin and many other cryptos,\u00a0<strong>Dash works through the Proof of Work consensus protocol<\/strong>\u00a0and, when mining DASH tokens, users are rewarded not only for validating transactions but also for running and maintaining their special servers called\u00a0<strong>Master Nodes.\u00a0<\/strong><\/p>\n<p>Among the most innovative services guaranteed by Dash master nodes are the following:<\/p>\n<ul>\n<li aria-level=\"1\"><b>PrivateSend<\/b>\u00a0ensures financial privacy by hiding transaction history and achieves this by implementing CoinJoin.<\/li>\n<li aria-level=\"1\"><b>InstantSend<\/b>\u00a0allows near-instantaneous transactions (confirmed in two seconds).<\/li>\n<\/ul>\n<p><b>The PrivateSend process works like this:<\/b><\/p>\n<ol>\n<li aria-level=\"1\">PrivateSend\u00a0<strong>divides your transaction inputs into standard denominations<\/strong>\u00a0(e.g. 0.01 DASH, 0.1 DASH, 1 DASH and 10 DASH).<\/li>\n<li aria-level=\"1\">Your\u00a0<strong>wallet sends requests to the master nodes<\/strong>\u00a0and informs them that you want to create a certain denomination using CoinJoin. When it sends such a request, your identity cannot be identified.<\/li>\n<li aria-level=\"1\">When your request joins that of other users who wish to merge their coins to the same denomination, a session begins. The master node instructs the wallets of the three users to return the now mixed input to each other. During this process, a number of cryptocurrencies are mixed with others, so that the funds coming from each direction and the directions themselves are hidden. The more cryptos that are mixed,\u00a0<strong>the more secure the transactions.<\/strong><\/li>\n<\/ol>\n<p>A user\u2019s wallet\u00a0<strong>must repeat this mixing session (round) several times<\/strong>\u00a0to ensure that the origins of the funds are completely anonymous.<\/p>\n<p>It is very important to note that\u00a0<strong>all PrivateSend transactions will be rounded up<\/strong>\u00a0so that all transaction entries are spent.<\/p>\n<p>Finally, it is important to know that\u00a0<strong>the funds involved in the commingling process never leave a user\u2019s wallet<\/strong>, which ensures that the entire process can remain secure and reliable.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"advantages_and_disadvantages_of_privatesend\"><\/span>Advantages and disadvantages of PrivateSend<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<div class=\"col small-12 large-12\">\n<div class=\"col-inner\">\n<p>Like any functionality, PrivateSend also has its advantages and disadvantages. Let\u2019s quickly see what they are.<\/p>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"advantages_of_privatesend\"><\/span><strong>Advantages of PrivateSend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li aria-level=\"1\"><b>SECURITY AND ANONYMITY:\u00a0<\/b>As we have already seen, one of the main advantages of Dash\u2019s PrivateSend is that it provides its users with a high level of security and anonymity.<\/li>\n<li aria-level=\"1\"><b>INTEGRATED FUNCTION:\u00a0<\/b>Being an integrated function in Dash, no external or special wallet is needed to access other services.<\/li>\n<li aria-level=\"1\"><b>EASE OF USE:\u00a0<\/b>The coin mixing process is very simple and fast, allowing any user to use it.<\/li>\n<li aria-level=\"1\"><b>USE CASES:<\/b>\u00a0Another positive aspect of PrivateSend is its use cases as it is often used to make anonymous donations to organizations or individuals.<\/li>\n<\/ul>\n<h3><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"disadvantages_of_privatesend\"><\/span><strong>Disadvantages of PrivateSend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Although the advantages of PrivateSend are many and make this tool an almost unique technology, there is also a disadvantage because\u00a0<strong>this process is deficient in comparison to other processes such as<\/strong>\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-monero\/\">Monero<\/a>\u00a0or\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/zcash-zsc-complete-guide\/\">Zcash<\/a>\u00a0as they offer a much greater level of anonymity than PrivateSend.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>If you are already familiar with the\u00a0Dash\u00a0cryptocurrency, you probably already know that\u00a0its main purpose is to allow transactions to be made securely and above all anonymously. But why am I telling you about Dash if the topic of this article is \u2018PrivateSend\u2019? If you want to find out, read on. What is PrivateSend?\u00a0 As Dash [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-10258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=10258"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/10258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/8020"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=10258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=10258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=10258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}