Distributed database that is used to maintain a continuously growing list of records, called blocks.
On July 24 the operator of the website and bitcoin mixing service Bitmixer.io announced the operation is now ending its mixing services. This is reported by the Bitcoin.Com
Bitmixer is one of the most popular bitcoin mixing and tumbling services. The service started in 2014, and the platform was processing 65,000 BTC per month according to the operator of the site. Bitmixer provided digitally signed proof of every order and offered instant mixing with a big reserve. The operation also had an official Tor mirror as well on the deep web.
Despite the huge profit we earn, we are closing our activity. Let me explain why.
I'm bitcoin enthusiast since 2011. When we started this service I was convinced that any Bitcoin user has a natural right to privacy. I was totally wrong. Now I grasped that Bitcoin is transparent non-anonymous system by design. Blockchain is a great open book. I believe that Bitcoin will have a great future without dark market transactions. You may use Dash or Zerocoin if you want to buy some weed. Not Bitcoin.
I hope our decision will help to make Bitcoin ecosystem more clean and transparent. I hope our competitors will hear our message and will close their services too. Very soon this kind of activity will be considered as illegal in most of countries.
Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen
This news comes right away after the recent global law enforcement shutdown of Alpha Bay. Many users asked Bitmixer team, were them threatened by law enforcements. A lot of darknet markets users use mixers to cover their tracks. However, the operator of Bitmixer thinks that this is a ridiculous assumption.