TL; DR
Move ETH to Mode in one-click privately and compliantly only on Houdini Swap.
On the road to making cryptocurrency, blockchain tools, and blockchain protocols user-friendly enough for mass adoption, we’ve had innovation and solutions around scalability and security issues. Still, we don’t talk about privacy as much.
Blockchains are designed to be transparent and open to the public by default. While this may be good in some cases it also comes with its fair share of disadvantages. Just by knowing your wallet address anyone can see your transaction history, monitor you, and know exactly the assets that you hold.
This is what Houdini swap solves; In this article, we will understand what Houdini swap is, how it works, and how it solves this privacy issue.
What is Houdini Swap?
Houdini Swap is a leading provider of private cryptocurrency transactions and provides services such as sending, swapping, bridging, and receiving cryptocurrency across major blockchains, all while prioritizing user anonymity and privacy.
Houdini Swap maintains user privacy by concealing the user’s wallet address while they engage in a transaction. At a lower level, it achieves privacy for users by using a dual exchange system and randomized layer 1 chain. Let’s explore this in the next section.
How does it work?
Houdini Swap's protocol achieves user privacy through a multi-faceted approach that obscures the transaction path and breaks any direct link between the sender and receiver. Here’s a breakdown of how each component contributes to this privacy:
1. Dual Exchange System:
Exchange 1 handles the initial reception of funds and swaps them before sending them across a randomized Layer 1 blockchain.
Exchange 2 manages the receipt of these funds on the Layer 1 blockchain, swaps them into the receiver's specified token, and dispatches them to the receiver.
By splitting the transaction process between two independent exchanges, each exchange only has partial knowledge of the entire transaction, ensuring that no single party can trace the full transaction path.
2. Record Segregation:
Exchange 1 records the intake and swaps the funds to be sent across a randomly selected Layer 1.
Exchange 2 records the receipt of funds from the Layer 1 and swaps them into the desired token before dispatching them to the receiver.
This separation ensures that each exchange has only one-half of the transaction information, making it impossible to piece together the complete transaction details from the records of either exchange alone.
3. Single-Use Wallet Addresses:
Both exchanges use newly created, single-use wallet addresses for each transaction.
Exchange 1 sends funds to a single-use wallet address of an unknown owner.
Exchange 2 receives funds from a single-use deposit address of an unknown user.
This method prevents any address reuse, making it harder to track transactions based on wallet addresses. Since neither exchange knows that the other is also an exchange, it further obscures the transaction path.
4. Randomized Layer 1s:
A randomly selected Layer 1 blockchain acts as an intermediary layer, breaking the direct link between the sender’s original tokens and the receiver’s final tokens. Layer 1 blockchains used in this process are chosen from a diverse portfolio, including chains like TRX, LTC, SOL, and DOT, each with high liquidity and transaction volumes.
The randomization of the Layer 1 blockchain adds a layer of obscurity, making it exceedingly difficult to trace which specific transactions across various blockchains are linked.
5. Anonymity in Transaction Flow:
The combination of two exchanges and a randomized Layer 1 ensures there is no identifiable on-chain connection between the sender and receiver. Neither the exchanges nor any external observer can see the full transaction flow. Each exchange only knows about the transactions it directly handles, ensuring that no party has the complete picture.
How to make use of Houdini Swap
With Houdini swap, you can either send, swap, or bridge your assets. Here you have three easy steps on how to do it:
Step 1 - Get Your Order Quote
Select a Crypto pair: Choose which two tokens you want to swap, send, or bridge.
Enter Amount: Enter the crypto amount to be sent. Select Fixed for a specified amount to be received. Choose Variable to get the best market rates.
Price Optimized: Houdini Swap finds the lowest rates.
No Wallet Connect: For security, you don’t need to connect your wallet.
Step 2 - Send Your Funds to Start
Receiving Wallet Address: Input the address of the receiving wallet. Ensure it's on the same blockchain as the receiving currency.
Initiate Order: Send the specified crypto amount to the Houdini Swap address.
Step 3 - Transaction Completion
Transaction Processing: Private transactions take 20-40 minutes on average. Semi-private transactions take about 3 minutes.
Track Progress: Follow your transaction's progress once initiated.
Why Choose Houdini Swap
Below are some reasons why Houdini Swap stands out and why you might consider choosing it.
- Compliant, private transactions
- No need to connect your wallet if you don’t want to
- Non-custodial
- 24/7 support
- Cross-chain
- Low-cost
- Fast settlement times
- Supports 30+ chains
- Supports 100+ tokens
- Processed over $443M+ in volume
- $5 million annual revenue
- 25% of supply staked
- Revenue backed APY
Don’t forget that you can also swap ETH to MODE privately and in one click only on Houdini swap.
To learn more check out the Houdini swap Docs
Top comments (0)