1. What is Torn?

Introduction to Tornado Cash (TORN)

Tornado Cash is a decentralised privacy protocol designed to provide enhanced privacy protection for transactions on Ethereum. At the core of this protocol is the use of zero-knowledge proof technology to separate the identity of the trader from the inputs and outputs of their transactions. This means that when using Tornado Cash for transactions, the sender and recipient of the transaction cannot be tracked, thereby protecting users' privacy.

Main Features

1. Anonymous Token Mixing: Tornado Cash allows users to deposit their tokens into a smart contract and withdraw them at any time. Upon deposit, the tokens are mixed with those of other users, ensuring that the identity of the depositor and the flow of funds remain private.
2. Decentralisation: The protocol relies on smart contracts and the consensus algorithm of the Ethereum network to ensure the reliability and security of transactions. This decentralised nature provides users with enhanced security and trust.
3. Simple to Use: Users simply need to visit the Tornado Cash website, connect their Ethereum wallet, and choose the type of token to deposit or withdraw. After the transaction is completed, users will receive a transaction receipt to verify their actions within Tornado Cash.

Summary

Tornado Cash is a decentralised protocol that provides privacy and anonymity for Ethereum transactions. By using zero-knowledge proof technology and anonymous token mixing, users' identities and fund flows are protected. Meanwhile, the decentralised nature ensures the credibility and security of the protocol. For Ethereum users wishing to protect their personal privacy, Tornado Cash is a significant cryptocurrency tool.

2. Who founded TORN?

The founders of Tornado Cash (TORN) are Roman Storm and Roman Semenov.

3. Which venture capitalists invested in TORN?

According to the information provided, the investment details for Tornado Cash (TORN) were not explicitly mentioned in the given search results. However, the content states that Tornado Cash, through a new proposal, allows users pledging more than 300 TORN to become Relayers, but it does not specify which venture capitalists invested in TORN.

If you need information on Tornado Cash's investments, further searches or referencing other related materials may be necessary.

4. How does TORN work?

Tornado Cash (TORN) is an open-source, non-custodial, fully decentralised cryptocurrency mixer that operates on a network compatible with the Ethereum Virtual Machine. It operates in the following ways:

1. Anonymous Token Mixing: Users deposit Ethereum or other tokens into the Tornado Cash smart contract, where these tokens are mixed with those of other users, breaking the on-chain link between the source address and the target address, thus enhancing transaction privacy.

2. Zero-Knowledge Proof Technology: Tornado Cash employs zero-knowledge proof technology to ensure the privacy of transactions. This technology makes it impossible to trace the sender and receiver of the transactions, protecting users' privacy.

3. Smart Contracts: The smart contracts of Tornado Cash encode strict rules that are automatically applied to deposit and withdrawal operations, maintaining a very important property shared by all Tornado Cash pools: users can only withdraw the specific tokens they initially deposited.

4. Non-Custodial: Users never need to relinquish control of their tokens to anyone. Users who deposit and subsequently withdraw tokens maintain complete ownership and control over their tokens.

In conclusion, Tornado Cash provides a decentralised privacy protection solution by using zero-knowledge proof technology and anonymous token mixing, helping users protect their privacy in transactions.