Dark Web Wallet

An online marketplace where exchange of goods and services take place anonymously is known as dark web. These goods and services can be in form of physical and digital. While exchange takes place between two parties, there is a need for anonymous payment also afterwards hence, a dark web wallet. Dark web wallets are digital bitcoin wallets which protect users' data when sending bitcoins. Dark web wallet was developed by Amir Taaki and Cody Wilson. It does make data anonymous and make bitcoin transactions done on dark web unclear.

Dark wallet was developed as a result of the transparency with bitcoin transactions where every bitcoin address is recorded on an open ledger. But with dark wallet, the addresses become obscure. Dark wallet makes it difficult for government to crack down on dark web marketplaces as the case of well known SILK ROAD scenario. Dark wallet gives privacy a d anonymity to users of dark web by stealth addresses; a method in which sender or even third parties will not have access to the receiver's address.

Dark wallet also makes payments anonymous and private by joining transactions together and this is referred to as coin mixing.