In an announcement today, Bitcoin hardware wallet company Trezor revealed the launch of the long-awaited coinjoin feature for its Trezor Model One, according to a press release sent to Bitcoin Magazine. Building on the success of the coinjoin implementation for the Trezor Model T in April 2023, this development empowers all Trezor users, regardless of their device, to consolidate their bitcoin transactions with improved privacy.
Coinjoin allows users to send their bitcoin within a collaborative transaction, only to receive back an equivalent amount. This process hides transaction history, making it more difficult to track transactions and user balances on the transparent Bitcoin blockchain. Trezor’s collaboration with Wasabi Wallet, a privacy-focused bitcoin wallet with coinjoin capability, makes this feature integration possible.
“Born in 2013, Trezor Model One is the original hardware wallet and is widely used by Trezor fans in over 150 countries,” said Matěj Žák, CEO of Trezor. “Giving users the option to make their transactions private is just as important. as the Trezor Model T. Our extended coinjoin availability puts control, privacy and security in the pocket of every Trezor user.”
According to the release, Trezor became the first hardware wallet to enable coinjoin transactions within a hardware wallet environment. In addition to coinjoin, Trezor also has many features in its devices for improving security and privacy, such as Tor, coin control, and Shamir backup.
For those looking for more insight into the coinjoin feature and its implications for strengthening transaction privacy, more information can be found here.