Tornado smart contract, Jan 2020Tornado utilizes a simple idea that arose early last year whereby through very advanced cryptography you can turn a smart contract into a blackhole of sorts as the smart contract itself kind of keeps account of interactions within the smart contract. The real apparent debut of this Andresen pivot however might be a recent public statement he made on ethereum’s new privacy dapp called Tornado. I’ve been pleasantly surprised at the ease of use of Coinbase Wallet + Compound + Uniswap,” he said back in September 2019. He used to work for Coinbase, which backs ethereum pretty much fully, so his involvement with eth is a significant development if indeed he is getting involved with eth. Andresen bothered to point out that the amount which goes in and out of this smart contract could potentially be an identifier of your blockchain address, and thus could be a way of de-anonymising users of this privacy focused dapp.
Gavin Andresen (pictured on the right), one of the earliest bitcoin developer and one of very few who communicated by email with Satoshi Nakamoto, bitcoin’s inventor, appears to now be focusing primarily on ethereum’s ecosystem.
“What is better than ‘be your own bank’? Be everybody’s bank. I’ve been pleasantly surprised at the ease of use of Coinbase Wallet + Compound + Uniswap,” he said back in September 2019.
When Taylor Monahan, the well connected founder of the MyCrypto ethereum and tokens wallet, wondered what’s the best place to park eth for returns with low overhead, Andresen said:
“If you can afford to lose it, my advice would be ‘sell shovels to the gold miners’ — be a liquidity provider for Uniswap.”
This apparent gradual transition from bitcoin to ethereum semi-announced itself as the new year opened, with Andresen stating:
“I found CryptoKitties...
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