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Revision as of 19:23, 6 November 2017
Privacy
Monero's blockchain protects privacy in three ways. Ring signatures enable the sender to hide among other transaction outputs[1], stealth addresses hide the receiving address of the transaction[2] and RingCT hides the amount of the transaction[3]. As a consequence, Monero features an opaque blockchain. This is sharp contrast with transparent blockchain used by Bitcoin[4]. Thus, Monero is said to be "private, optionally transparent".
Monero has two sets of keys, called a "view key" and a "spend key"[5]. View key can be separately shared to enable optional transparency. However, the system is designed to ease processing on mobile devices[1], as it is impossible to calculate an accurate wallet balance without a spend key.[1]
Problems
- ^ a b c Saberhagen, Nicolas. "CryptoNote Whitepaper" (PDF). cryptonote.org. Retrieved 6 November 2017.
- ^ Noether, Shen; Noether, Sarang. "Monero is Not That Mysterious" (PDF). lab.getmonero.org. Retrieved 6 November 2017.
- ^ Noether, Shen; Mackenzie, Adam. "Ring Confidential Transactions" (PDF). lab.getmonero.org. Retrieved 6 November 2017.
- ^ Reynolds, Perri; Irwin, Angela. "Tracking digital footprints: anonymity within the bitcoin system". emeraldinsight.com. Retrieved 6 November 2017.
- ^ "A beginner's guide to Monero". medium.com. Retrieved 6 November 2017.