This paper is a formal review of the original cryptonote paper by MRL researcher Brandon Goodell. He takes an in-depth look at the claims and mathematics presented in the cryptonote paper.
This research bulletin describes a plausible attack on a ring-signature based anonymity system. We use as motivation the cryptocurrency protocol CryptoNote 2.0 ostensibly published by Nicolas van Saberhagen in 2012. It has been previously demonstrated that the untraceability obscuring a one-time key pair can be dependent upon the untraceability of all of the keys used in composing that ring signature. This allows for the possibility of chain reactions in traceability between ring signatures, causing a critical loss in untraceability across the whole network if parameters are poorly chosen and if an attacker owns a sufficient percentage of the network. The signatures are still one-time, however, and any such attack will still not necessarily violate the anonymity of users. However, such an attack could plausibly weaken the resistance CryptoNote demonstrates against blockchain analysis. This research bulletin has not undergone peer review, and reflects only the results of internal investigation.
Monero uses three different privacy technologies: @ring-signatures, ring confidential transactions (@RingCT), and @stealth-addresses. These hide the sender, amount, and receiver in the @transaction, respectively. All transactions on the network are private by mandate; there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero. You do not need to trust anyone else with your privacy.
Monero uses three different privacy technologies: @ring-signatures, ring confidential transactions (@RingCT), and @stealth-addresses. These hide the sender, amount, and receiver in the @transaction, respectively. All transactions on the network are private by mandate; there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero. You do not need to trust anyone else with your privacy.
what-is-monero->leading_para2
Monerouses cryptography to shield sending and receiving addresses, as well as transacted amount, on the other hand, uses various technologies to ensure the privacy of its users.
Monero is a cryptocurrency that relies on proof-of-work mining to achieve distributed consensus. Below you'll find some information and resources on how to begin mining.
Monero is more than just a technology. It’s also what the technology stands for. Some of the important guiding philosophies are listed below.
faq->a7
Monero is not based on Bitcoin. It is based on the CryptoNote protocol. Bitcoin is a completely transparent system, where people can see exactly how much money is being sent from one user to another. Monero hides this information to protect user privacy in all transactions. It also has a dynamic @block size and dynamic fees, an ASIC-resistant proof of work (@randomx), and a @tailcoin-emission, among several other changes.
Monero is not based on Bitcoin. It is based on the CryptoNote protocol. Bitcoin is a completely transparent system, where people can see exactly how much money is being sent from one user to another. Monero hides this information to protect user privacy in all transactions. It also has a dynamic @block size and dynamic fees, an ASIC-resistant proof of work (@randomx), and a @tail-emission, among several other changes.
Monero has value because people are willing to buy it. If no one is willing to buy Monero, then it will not have any value. Monero’s price increases if demand exceeds supply, and it decreases if supply exceeds demand.
Monero is fungible. By virtue of obfuscation, Monero cannot become tainted through participation in previous transactions. This means Monero will always be accepted without the risk of censorshipBecause every transaction is private, Monero cannot be traced. This makes it a true, @fungible currency. Merchants and individuals accepting Monero do not need to worry about blacklisted or tainted coins.
Because every transaction is private, Monero cannot be traced. This makes it a true, @fungible currency. Merchants and individuals accepting Monero do not need to worry about blacklisted or tainted coins.
