“Imagine a future where a user, Alice, has bitcoins and wants to send them with maximal privacy, so she creates a special kind of transaction. For anyone looking at the blockchain her transaction appears completely normal with her coins seemingly going from address A to address B. But in reality her coins end up in address Z, which is entirely unconnected to either A or B,” Belcher writes. In a sense, the transaction is being “teleported” elsewhere, hence the project’s name “Teleport.”
Source: https://www.coindesk.com/tech/2022/03/11/now-you-can-try-teleporting-bitcoin-for-greater-privacy-with-coinswaps/?utm_medium=referral&utm_source=rss&utm_campaign=headlines