- Wasabi Wallet has released the latest version of its bitcoin hot wallet, which focuses on accessible coinjoining features and an improved user experience.
- Coinjoining is automatic, although users can disable the feature, but users cannot choose the UTXOs they want to join.
- Wasabi Wallet 2.0 has a 0.3% coordination fee and preset options to streamline the coinjoining experience.
Wasabi Wallet 2.0, a Bitcoin-only hot wallet, has been officially released, bringing a host of new features with an intuitive, user-friendly design that aims to bring coinjoining improved accessibility for casual users, according to a press release sent to Bitcoin Magazine.
The updated application aims to offer high data protection with lower and more transparent fees. The coordination fee paid to the facilitator for the coinjoining process is a flat rate of 0.3%. However, this fee is only charged to new coinjoins or users who have never used this process for their given coins. This means that remixes and releases of Wasabi 1.0 will not be charged, nor will transactions for 0.01 BTC or less.
Wasabi seeks to provide a higher level of privacy for its users by allowing customization or a choice of preset default values for coinjoining transactions and removing change spending, resulting in a smaller digital footprint.
After logging in, users will immediately see a progress bar at the bottom of the application, indicating that the “auto-coinjoin” process has been initialized. This process automatically selects coins or Unspent Transaction Outputs (UTXOs) to combine. However, this feature can be disabled via the customization settings.
Among the previously mentioned coinjoining preset values, users will find: privacy, speed and cost maximization options. Should a user decide to opt for privacy optimization, the platform will place less weight on the cost and speed of a transaction and instead focus on the “anonymity value” of the transaction.
The anonymity score ranges from 2 to 300, and by default, when the platform focuses on privacy, it tries to hit a score of 50, according to CEO Max Hillebrand during a Twitter Space that was attended Bitcoin Magazine. Users can choose either of the other two options and the base anonymity value will default to 5 instead.
In addition, Wasabi users have access to a section called “Coin Wallet” where users can select specific UTXOs. However, this section does not refer to the coinjoining process. Users cannot select the UTXOs they wish to join, but they can select specific UTXOs to send to a different address. This functionality can be useful for certain UTXOs that a user does not wish to spend or join, as those coins could simply be sent to another wallet.
For a full list of features and user experience updates, as well as a video tutorial, click here.
