Transactions on public blockchains like Bitcoin and Ethereum are pseudonymous and can be analyzed to reveal transaction patterns.
Cryptocurrency mixers, or tumblers, obfuscate the link between sender and recipient addresses to enhance privacy.
Coin mixers involve a three-step process of deposits, mixing, and redistribution to break the transaction history.
There are two main types of coin mixers: centralized, operated by third-party services, and decentralized, which use smart contracts or peer-to-peer protocols.