Wasabi Wallet 2.0 Releases, Focuses On Optimizing Accessibility For Coinjoining

Wasabi Wallet 2.0 Releases, Focuses On Optimizing Accessibility For Coinjoining thumbnail
  • Wasabi Wallet released the latest version of its bitcoin hot-wallet. It is focused on accessible coinsjoining features, and an improved user experience.
  • Coinjoining is automatic, though users can turn the function off, but users cannot select the UTXOs they wish to coinjoin.
  • Wasabi Wallet 2.0 charges a 0.3% coordination fee. There are also preset options that can be used to optimize the coinjoining experience.

Wasabi Wallet 2.0, a bitcoin-only hot wallet, has officially been released bringing a suite of new features with an intuitive, user-friendly design that looks to bring coinjoining an improved level of accessibility for casual users, per a press release sent to Bitcoin Magazine.

The updated application seeks to deliver high privacy with lesser and more transparent fees. The coordinator for the coinjoining process is charged a flat 0.3% coordination fee. This fee will not be charged to users who have never used the coinjoining process for their coins. This means that remixes and outputs of Wasabi 1.0 won’t be charged the fee. Neither will transactions for 0. 01 BTC or lower.

Wasabi attempts to deliver a higher level of privacy to its users by allowing customization or a selection of preset defaults to coinjoining transactions and by removing change outputs, creating a smaller digital footprint.

Upon logging in, users will find a progress bar immediately appear at the bottom of the application signaling that the “auto-coinjoin” process has been initialized. This process is automatically selecting coins, or unspent transaction outputs (UTXOs), to be combined. This function can be disabled by changing the customization settings.

Among the previously mentioned preset values for coinjoining, users will find: privacy, speed, and costs maximization options. If a user chooses to optimize for privacy, the platform won’t give much weight to the cost and speed of a transaction and will instead focus on the “anonymity scores” of the transaction.

The anonymity score ranges from 2-300 and, by default, when set to focus on privacy the platform will attempt to reach a score of 50, according to CEO Max Hillebrand during a Twitter Space attended by Bitcoin Magazine. You can choose from one of the two options, and the base anonymity score will default to 5.

Moreover, Wasabi users will have access to a section called “Coin Wallet”, which will allow users to select specific UTXOs. This section is not directly related to the coinjoining process. The user cannot choose the UTXOs that they wish to coinjoin. However, they can select which UTXOs to send to another address. This function can be very useful for UTXOs that a user doesn’t want to spend or coinjoin. Instead, they can select specific UTXOs to send to another address.

A full list of features and updates to the user experience can be found here, as well as a video tutorial.

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