Tornado Cash aims to solve privacy and anonymity issues in the crypto world, particularly surrounding traceability of transactions. It was launched in August 2019 as an experimental software and later evolved into a fully decentralized non-custodial protocol that permits private transactions. Tornado Cash utilizes smart contracts on the Ethereum network to disrupt the on-chain link between the addresses of the sender and recipient, achieving a high level of privacy. This technology is often referred to as a 'decentralized mixer.' The protocol ensures the highest level of privacy to its users, as no transactions can be changed or tampered with, not even by the developers.

Tornado Cash was founded by Roman Semenov and Roman Storm. Roman Semenov graduated from Moscow State University and worked in e-commerce and social media before entering the crypto space. Roman Storm has a background in tech, blockchain, and software, having worked at companies like Amazon and Marketron. Together, they founded PepperSec and started Tornado Cash.

Tornado Cash is entirely permissionless and runs on self-executable code. The developers destroyed their admin keys in May 2020, ensuring that they have no ability to see or alter any transactions on the protocol. The protocol's cryptographic method (MPC) makes transactions trustless and completely unstoppable. Tornado Cash has been criticized for its usage by hackers and money laundering, but it provides a high level of anonymity to its users.

Tornado Cash was officially sanctioned by the U.S on August 8th, 2022, following allegations of money laundering. The U.S Treasury Department claims that over $7 billion in digital assets has been laundered through Tornado Cash in the past 3 years. These sanctions resulted in a price drop and an arrest of a Tornado Cash software developer.

Learn more about the concept of Privacy Coins and the legal issues surrounding them.

Find out more about Monero — one of the top anonymous cryptocurrencies.

Read more about Helix — a pioneer in 'Bitcoin' mixing technology.

Check out CMC Research for deeper analysis and industry-leading reports.

Visit CMC Alexandria, our educational portal, to learn more about the space.

As of August 2022, there are approximately 1.1 Million TORN coins in circulation. TORN has a maximum circulating supply of $10 million. The token issuance schedule includes airdrops, anonymity mining, DAO treasury, and allocation for founding developers and early supporters.

Tornado Cash runs on the Ethereum network and is secured by zero-knowledge proofs. The protocol and the anonymity mining protocol have been audited by professional audit companies, including Zeropool.

TORN began trading in February 2021 when it airdropped 5% of its total supply (500,000 TORN).

TORN launched at a trading price of $214.29 and reached an all-time high of $436.16 in February 2021. However, it has since experienced a significant decrease in value.

Tornado Cash can be purchased on leading centralized and decentralized exchanges, including Binance, Gate.io, Uniswap, OKX, BingX, CoinW, Sushiswap, and Deepcoin.

Tornado Cash aims to address privacy and anonymity concerns in the cryptocurrency world, particularly regarding traceability of transactions. It started as an experimental software in August 2019 and evolved into a fully decentralized non-custodial protocol enabling private transactions.

Tornado Cash utilizes smart contracts on the Ethereum network to disrupt the on-chain link between sender and recipient addresses. This technology is often referred to as a 'decentralized mixer.' The protocol ensures the highest level of privacy by preventing any tampering or changes to transactions, even by the developers.

Tornado Cash was founded by Roman Semenov and Roman Storm. Roman Semenov graduated from Moscow State University, specializing in Quantum Statistics and Field Theory. He has a background in e-commerce, social media, and Ethereum scalability. Roman Storm has experience as a Software Engineer at Amazon and Marketron, as well as serving as the CTO of the POA Network. Together, they founded PepperSec and started Tornado Cash.

Tornado Cash stands out for being entirely permissionless and running self-executable code. The developers destroyed their admin keys in May 2020, ensuring they have no ability to view or alter transactions on the protocol. The protocol's oversight is minimal, with code published on GitHub, emphasizing financial privacy and freedom.

The cryptographic method (MPC) used to destroy admin keys ensures transactions on Tornado Cash are trustless and unstoppable. This level of anonymity allows transactions to potentially evade sanctions. However, the protocol has faced criticism for its potential use in storing stolen funds and money laundering.

As of August 2022, there are approximately 1.1 million TORN coins in circulation, with a maximum circulating supply of $10 million. The token issuance schedule includes airdrops to early users, anonymity mining, DAO treasury allocation, and rewards for founding developers and early supporters.

Tornado Cash operates on the Ethereum network and is secured by zero-knowledge proofs. The protocol and anonymity mining protocol have undergone audits by professional audit companies, including Zeropool.

TORN trading commenced in February 2021 with an airdrop of 5% of its total supply.

TORN initially launched at a trading price of $214.29 and reached an all-time high of $436.16 in February 2021. However, it has since experienced a significant decline, losing 95% of its value.

Tornado Cash (TORN) can be purchased on various leading centralized and decentralized exchanges, including Binance, Gate.io, Uniswap, OKX, BingX, CoinW, Sushiswap, and Deepcoin. For a comprehensive list of eligible exchanges, please refer to the official sources.