XMR Boosts Privacy: Samourai Wallet Unveils BTC to XMR Atomic Swaps

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Monero (XMR) takes the spotlight as Samourai Wallet introduces an innovative feature enabling atomic swaps between Bitcoin (BTC) and XMR, propelling advancements in on-chain privacy. Tackling the issue of tainted change, this move addresses residual unspent transaction outputs (UTXOs) from Whirlpool Coinjoins, safeguarding transaction confidentiality.

The introduction of BTC to XMR atomic swaps signifies a remarkable leap in discreet transactions. Atomic swaps, enabling direct cryptocurrency exchanges sans intermediaries, gain an added layer of privacy with Samourai’s XMR integration. This feature’s genesis is in response to the challenge of tainted change, residual fragments compromising privacy and attracting unwarranted attention.

Samourai has revealed a feature that allows users to swap bitcoin for #monero without revealing their identities, which could revolutionize onchain privacy in #Bitcoin. https://t.co/jCt3EI2p2t

— Bitcoin News (@BTCTN) August 15, 2023

Monero, renowned for its privacy-oriented features, employs the Cryptonote protocol, utilizing ring signatures, stealth addresses, and bulletproofs to obfuscate sender and recipient details. This design makes Monero an ideal choice for those valuing financial confidentiality.

The potential for swift, trust-free exchanges between BTC and XMR through atomic swaps holds transformative promise. By bypassing intermediaries, this innovation reshapes cryptocurrency transactions, removing the reliance on third parties.

While Samourai’s BTC to XMR atomic swap feature garners praise from the privacy community, it also faces skepticism from certain bitcoin maximalists. Nonetheless, Samourai remains resolute in its roadmap, undeterred by criticism.

In a period where privacy concerns among cryptocurrency enthusiasts have diminished, Samourai’s dedication to enhancing privacy tools and Monero’s commitment to confidentiality stand as cornerstones of progress amid evolving crypto dynamics.

Key XMR Levels To Monitor: July 10

Monero exhibited a bullish surge during June. Over a twelve-day period from June 15th to June 27th, the XMR price climbed by 30 per cent. This bullish momentum was sparked as the Stochastic indicator signalled market oversold conditions. Presently, the market is undergoing a retracement phase, evident in the gradual decline due to the prevailing bullish trend. Notably, the market has tested a support level on the daily chart. Anticipated is a forthcoming ascent aiming to propel the market back to the $172.0 level.

XMR Key Levels

Demand Levels: $150.0, $135.0, $125.0
Supply Levels: $165.0, $172.0, $188.0

Total Market Capitalization: $1.20T
Monero Market Capitalization: $2.8B
Monero Volume: $71M
Market Rank: #25

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