Alright, listen up: Tornado Cash, that digital currency privacy instrument that was hit with penalties by the U.S. Department of the Treasury some time ago, has been resurrected on a fresh testing network dubbed MegaETH. Toncoin (TON) Value Forecast for March 26th
A programmer recognized as Gunboats moved Tornado Cash to MegaETH and jokingly called it ETHTornado. Apparently, it was a simple task to have it operational on the new system without altering any programming.
This action occurs after the U.S. Department of the Treasury relaxed its limitations, making it lawful for individuals in the U.S. to utilize Tornado Cash once more. You might recall that the Treasury initially took action against it back in August of 2022, accusing it of being a money-laundering shelter, especially for organizations such as the Lazarus Group from North Korea.
Although the Treasury isn’t monitoring them anymore, some digital currency projects may still prohibit wallets that have utilized Tornado Cash, possibly barring them from airdrops.
Gunboats isn’t overly concerned regarding the legal ambiguities. He’s also standing in unity with Roman Storm, one of the co-creators of Tornado Cash, who’s presently fighting legal problems connected to the platform. However, he acknowledges that ETHTornado hasn’t precisely gained traction yet, mainly because it’s not the most straightforward thing to operate.
MegaETH, the Ethereum scaling answer that’s facilitating this restoration, debuted on March 21st. It’s making some audacious assertions regarding being capable of managing an enormous 20,000 deals per second with super-quick block durations. Like other Layer-2 answers, MegaETH unloads transaction processing from the main Ethereum network while still depending on it for security.
MegaETH stands out due to its utilization of varied data accessibility approaches, such as EigenDA. It also makes use of particular sequencers to handle numerous transactions concurrently. Besides porting Tornado Cash, the GTE and Infinex trading platforms are also functioning on the MegaETH experimental network. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
