Laundry

      Within the cryptocurrency and digital asset industry, the term “Laundry” is used to refer to an anonymization mixing service called bitcoin-laundry.com. 

     As the world may already be aware of, Bitcoin transactions are not private or anonymous, they are pseudonymous; and due to the transparent nature of public blockchain technology, all transactions are traceable. As a means to increase privacy, Bitcoin-Laundry has devised a clever mechanism to bring the possibility of identifying transactions down towards 0%.

     The system is simple,  send a transaction into their address pool. The transaction is received and tumbled around a bunch of addresses. [The tumbling permanently detaches traces of the sending account.] Once tumbled, the Output/destination addresses receive transactions from “somewhere”