Joinmarket refactored to separate client and backend operations
Joinmarket is coinjoin software, and includes a wallet, which requires Bitcoin Core as backend (version 0.16.3, 0.17.0 or later).
For a quick introduction to Joinmarket you can watch this demonstration of installation and usage given by Adam Gibson during the Understanding Bitcoin conference on april 6 2019.
- Segwit addresses in the backward compatible form (start with
3) - Multiple "mixdepths" or pockets (by default 5) for better coin isolation
- Ability to spend directly, or with coinjoin; export private keys; BIP49 compatible seed (Trezor, Samourai etc.) and mnemonic extension option
- Fine-grained control over bitcoin transaction fees
- Basic coin control - can freeze individual utxos to stop them being spent in any tx
- Can run sequence of coinjoins in automated form, either auto-generated (see
tumbler.py) or self-generated sequence. - Can specify exact amount of coinjoin (figures from 0.01 to 30.0 btc and higher are practical), can choose time and number of counterparties
- Can run passively to receive small payouts for taking part in coinjoins (see "Maker" and "yield-generator" in docs)
- GUI to support Taker role, including tumbler/automated coinjoin sequence.
- PayJoin - more economical and private payments between Joinmarket wallets.
Once you've downloaded this repo, either as a tar/zip file, and extracted it, or via git clone:
Make sure to validate the signature on the tar/zip file provided on the release page,
or check the signature in git if you install that way using git log --show-signature.
./install.sh
(follow instructions on screen; provide sudo password when prompted)
source jmvenv/bin/activate
cd scripts
(You can add -p python2 if you want to use Python2. You can also add --develop as an extra flag to install.sh to make the Joinmarket code editable in-place.)
You can optionally install a Qt GUI application, you will be prompted to choose this during installation.
Do note, Python 2 is incompatible with the Qt GUI.
You should now be able to run the scripts like python wallet-tool.py etc., just as you did in the previous Joinmarket version.
Alternative to this "quickstart": follow the install guide.
Follow this install guide.
If you are new, follow and read the links in the usage guide.
If you are running Joinmarket-Qt, you can instead use the walkthrough to start.
If you used the old version of Joinmarket, the notes in the scripts readme help to understand what has and hasn't changed about the scripts.
If you want to use the PayJoin feature to pay/receive money to/from another Joinmarket wallet user, read this guide.
Provides single join and multi-join/tumbler functionality (i.e. "Taker") only, in a GUI. NOTE: This is currently only available for Python3, not Python2 (due to bugs in the PySide2 Python2 implementation). It's possible but unlikely that the Python2 version will be fixed, but in any case Python2 will be deprecated at some point.
If binaries are built, they will be gpg signed and announced on the Releases page.
If you haven't chosen the Qt option during installation with install.sh, then to run the script joinmarket-qt.py from the command line you will need to install two more packages. Use these 2 commands while the jmvenv virtual environment is activated:
pip install -r requirements/gui.txt
After this, the command python joinmarket-qt.py from within the scripts subdirectory should work.
There is a walkthrough for what to do next.
Motivation: By separating the code which manages conversation with other Joinmarket participants from the code which manages this participant's Bitcoin wallet actions, we get a considerable gain at a minor cost of an additional layer: code dependencies for each part are much reduced, security requirements of the server/daemon layer are massively reduced (which can have several advantages such as it being more acceptable to distribute this layer as a binary), and client code can be written, implementing application-level logic (do join with coins X under condition X) using other Bitcoin libraries, or wallets, without knowing anything about Joinmarket's inter-participant protocol. An example is my work on the Joinmarket electrum plugin.
It also means that updates to the Bitcoin element of Joinmarket, such as P2SH and segwit, should have extremely minimal to no impact on the backend code, since the latter just implements communication of a set of formatted messages, and allows the client to decide on their validity beyond simply syntax.
Joinmarket's own messaging protocol is thus enforced only in the server/daemon.
The client and server currently communicate using twisted.protocol.amp, see AMP, and the specification of the communication between the client and server is isolated to this module. Currently the messaging layer of Joinmarket is IRC-only (but easily extensible, see here. The IRC layer is also implemented here using Twisted, reducing the complexity required with threading.
The "server" is just a daemon service that can be run as a separate process (see scripts/joinmarketd.py), or for convenience in the same process (the default for command line scripts).
Instructions for developers for testing here. If you want to help improve the project, please have a read of this todo list.
Donate to help make JoinMarket even better: bc1q5x02zqj5nshw0yhx2s4tj75z6vkvuvww26jak5 or 1AZgQZWYRteh6UyF87hwuvyWj73NvWKpL. Signed bitcoin addresses can be found here.
JoinMarket is an open source project which does not have a funding model, fortunately the project itself has very low running costs as it is almost-fully decentralized and available to everyone for free. Developers contribute only as volunteers and donations are divided amongst them. Many developers have also been important in advocating for privacy and educating the wider bitcoin user base. Be part of the effort to improve bitcoin privacy and fungibility. Every donated coin helps us spend more time on JoinMarket instead of doing other stuff.