0

I recently came across these transactions on Ethereum that don't have a typical transaction hash. They are sent by a wallet named "GENESIS," which is not associated with any specific address or contract. Interestingly, it appears that these transactions cannot be easily traced back to their origin.

etherscan.io/address/0x9374869d4a9911ee1eaf558bc4c2b63ec63acfdd

enter image description here

After doing some research on how to execute these types of transactions, I discovered a dapp called private.cash. It seems to provide a way to execute these transactions on Ethereum, with the main aim being anonymity. However, I would appreciate if someone could explain the underlying mechanism and workings behind this process.

1

1 Answer 1

1

In simple terms, Genesis transactions are the very first transactions that take place in the Ethereum network. They are different from regular transactions because they don't have a typical transaction hash. Instead, they have a genesis hash that cannot be traced back. Genesis is not a specific contract or address; it's actually a type of data represented in a hexadecimal format.

Like in the case of your dapp beacon.cash. The process of creating Genesis transactions involves generating a hexadecimal data and a commitment hash for the recipient's address. These data are then sent through a router, such as the Uniswap V3 router in your case. Once the transaction is sent, the deposited amount becomes untraceable and anonymous because the source of the transaction cannot be identified.

enter image description here

3
  • 1
    It isn't anonymous. It is the starting point of the Ethereum World State. Why are you mention Uniswap? It didn't exist when the Ethereum blockchain was created.
    – Ismael
    Commented Jul 14, 2023 at 3:46
  • I know! But I was clearly explaining the answer to the question. Read the question he asked about how these transactions are executed from his mentioned dApp. This is done by using a Uniswap router to send the receipt data to the genesis, making the deposit anonymous. Commented Jul 15, 2023 at 13:25
  • 1
    There's nothing anonymous on Ethereum. Uniswap is a contract and you can trace transfers. The genesis block was created at the beginning of the blockchain history and it cannot be modified, so there will never be new "genesis transactions".
    – Ismael
    Commented Jul 15, 2023 at 18:35

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.