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Samourai Bitcoin Wallet Working On Bitcoin- Monero Swap, Facing Criticism

August 9, 2023
in Blockchain
Reading Time: 2 mins read
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Samourai Bitcoin Wallet Working On Bitcoin- Monero Swap, Facing Criticism
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Open-source Bitcoin wallet Samourai working on the Bitcoin-Monero AtomicSwap feature to enhance the privacy of the wallet users. 

Bitcoin (BTC) is a top-ranked crypto asset and runs on a fully decentralized & public blockchain network, which probably doesn’t require any introduction. On the other hand, Monero is a highly decentralized but non-traceable private network, known to provide privacy to the monero (XMR) coin users.

Just a few days ago, a well-known developer for the open-source Bitcoin wallet Samourai informed the crypto Twitter community that he is developing a new feature for the Samourai wallet.

The new feature will allow the Samourai wallet users to swap XMR & BTC, called the atomic swap feature. In short, people will be able to deposit XMR coins in the wallet & further, they will be able to swap the deposited funds in Bitcoin within the app. In short, it will help Bitcoin investors to remain anonymous from Bitcoin investment-related activities.

Some people supported these development works but some people suggested shutting down such kinds of development activities in the Bitcoin ecosystem.

Another Bitcoin proponent known as PlateLicker also slammed this idea.

In response to this criticism, the Samourai Wallet officially responded to the critics and said that no Bitcoin proponent has the authority to guide the Samourai Wallet team for new development works and also said that if any person didn’t like the Samourai Wallet then they can leave for a better platform.

No one influences our roadmap but us.

No one will bully us into submission.

You’re either along for the ride or you aren’t.

If you want off the ride, you better jump because we’re not slowing down for you.

It’s as simple as that.

— Samourai Wallet (@SamouraiWallet) August 5, 2023

Some Crypto Influencers jumped to support the Samourai wallet and said that the new XMR-BTC swap feature will give a high level of privacy to Bitcoin investors and this is the freedom that we want.

Impressed by @SamouraiWallet’s embrace of freedom tech. Integrating Monero swaps gives their users best in class privacy tools.

It’s important to remember that Bitcoin isn’t the “why” – freedom is. https://t.co/BKSNQdxUex

— Zach Herbert (@zachherbert) August 6, 2023

Read also: American FED to defines the way of “crypto-banking” relationship 


Credit: Source link

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