Tornado Cash aims to solve a number of the privacy and anonymity issues in the crypto world, particularly surrounding traceability of transactions. Tornado Cash v1 was launched in August 2019 as an experimental software, and later evolved into a fully decentralized non-custodial protocol that permits private transactions.

Tornado Cash utilizes smart contracts on the Ethereum network. The protocol is able to achieve this level of privacy by disrupting the on-chain link between the addresses of the sender and recipient. Often, the implementation of this technology is referred to as a “decentralized mixer.” The immutable nature of the protocol means that no transactions can be changed or tampered with, not even the developers, which assures the highest level of privacy to its users.

Roman Semenov, a co-founder of Tornado Cash graduated from Moscow State University where he studied Quantum Statistics and Field Theory. Following University, he worked in e-commerce and social media, having founded two companies in those fields. In 2017, Semenov branched into crypto, working as a Chief Software Architect at a foundation specifically focusing on Ethereum scalability. In 2018, he founded PepperSec, a white hat hacker security consultant agency, which led to the creation of Tornado Cash.

Roman Storm, another co-founder of the protocol, has a long resume of positions in the tech, blockchain and software world. He previously worked as a Software Engineer at Amazon and Marketron. He also served as the Chief Technology Officer at the POA Network. Storm also held a position as a Blockchain Developer for Blockchainlabz.nz. Together, he and Semenov founded PepperSec and started Tornado Cash.

Tornado Cash is entirely permissionless and runs a self executable code. In May of 2020, the developers destroyed their admin keys, which means that they themselves do not have the ability to see or alter any transactions that occur on their protocol. The team states that they do not have much oversight over the protocol aside from publishing code to GitHub, arguing that financial privacy is essential to freedom.

The cryptographic method (MPC) used to destroy their admin keys means that transactions on Tornado Cash are “trustless and completely unstoppable,” in the words of co-founder Roman Semenov. The level of anonymity means that transactions on Tornado Cash can even potentially evade sanctions.

The protocol is often criticized for its usage by hackers who can use it to store their stolen funds, and has been cited as a vehicle for money laundering. Despite the ultra secrecy of the protocol, some have argued that there may be a way to track transactions if there is a large deposit and low liquidity.

At the time of writing in August 2022, there are approximately 1.1 Million TORN coins in circulation. TORN has a maximum circulating supply of $10 million.

According to their whitepaper, the TORN tokenomics and token issuance schedule is as follows:

5% (500,000 TORN): Airdrop to early users of Tornado.Cash ETH pools

10% (1,000,000 TORN): Anonymity mining for Tornado.Cash ETH pools, distributed linearly over 1 year

55% (5,500,000 TORN): DAO treasury, will be unlocked linearly over 5 years with 3 month cliff

30% (3,000,000 TORN): Founding developers and early supporters, will be unlocked linearly over 3 years with 1 year cliff

Tornado Cash runs on the Ethereum network and is secured by zero-knowledge proofs. The Tornado Cash protocol and the anonymity mining protocol has been audited by several professional audit companies including Zeropool.

$TORN began trading in February 2021, when it airdropped 5% of its total supply (500,000 TORN).

TORN launched at a trading price of $214.29 and hit an all time high of $436.16 in February of 2021, but has since lost 95% of its value.

You can purchase Tornado Cash at most leading centralized and decentralized exchanges including: Binance, Gate.io, Uniswap, OKX, BingX, CoinW, Sushiswap and Deepcoin. For a full list of eligible exchanges, find out more here.

The all-time high of TORN was 437.41 USD on 2021-02-13, from which the coin is now down 99.50161176013351%. The all-time high price of Tornado Cash (TORN) is 437.41. The current price of TORN is down 99.50161176013351% from its all-time high.

As of , there is currently 5.26M TORN in circulation. TORN has a maximum supply of 0.

The current market cap of TORN is 11.47M. It is calculated by multiplying the current supply of TORN by its real-time market price of 2.18.

The all-time low of TORN was 3.14 , from which the coin is now up -30.573248407643312%. The all-time low price of Tornado Cash (TORN) is 3.14. The current price of TORN is up -30.573248407643312% from its all-time low.

Tornado Cash (TORN) has a market capitalization of $11.47M and is ranked #1077 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Tornado Cash (TORN) price trends and patterns to find the best time to purchase TORN.