Tornado Cash (TORN)

What is it?

Tornado Cash (TORN)Tornado Cash's native governance token is known as TORN. This token gives its holders the power to influence the protocol's direction through decentralized governance, essentially allowing the community to propose and vote on upgrades or changes to the platform.

Tornado Cash PlatformTornado Cash is a non-custodial privacy solution built on the Ethereum blockchain. At its core, it’s a smart contract-based mixing service which enhances transaction privacy by breaking the on-chain link between recipient and destination addresses. By using cryptographic proofs, Tornado Cash ensures that withdrawals from its pools cannot be directly linked to deposits, giving users enhanced privacy on the Ethereum blockchain.

What is it used for?

TORN token is primarily used as a governance tool. Token holders can propose changes to the protocol, vote on proposals, and have a say in the future development and features of the Tornado Cash platform. By staking their TORN tokens, participants can also earn rewards.

Furthermore, the Tornado Cash service itself is used by those seeking to transact on the Ethereum network with an added layer of privacy. This can be important for various reasons including personal privacy, protection against surveillance, or simply to keep one's financial transactions away from public view.

Who created it?

Tornado Cash is a decentralized service created by developers Roman Storm, Roman Semenov, and Alexey Pertsev. They are co-founders of the cybersecurity firm PepperSec and claim to have previous experience with blockchain projects.