New System for Bitcoin Transaction: Tumblebit

Security researchers from Boston University, George Mason University and North Carolina University have jointly developed a new system for Bitcoin transaction which according to them is very hard to track. They named the new protocol as TumbleBit and claimed that it has more superior Bitcoin mixing service as compared to the previous one. The bitcoin mixing service is responsible to anonymous bitcoin transaction and hiding the identity of parties involved in the transaction. In bitcoin mixing service, multiple techniques are used such as breaking the large transaction in smaller ones, transaction delays or executing multiple smaller transactions in once. This is probably the best way of anonymity transactions.