In Monero, every @transaction output is uniquely associated with a key image that can only be generated by the holder of that output. Key images that are used more than once are rejected by the miners as double-spends and cannot be added to a valid @block. When a new transaction is received, miners verify that the key image does not already exist for a previous transaction to ensure it's not a double-spend.
In Monero, every @transaction output is uniquely associated with a key image that can only be generated by the holder of that output. Key images that are used more than once are rejected by the miners as double-spends and cannot be added to a valid @block. When a new transaction is received, miners verify that the key image does not already exist for a previous transaction to ensure it's not a double-spend.
faq->a12-2
We can also know that transaction amounts are valid even though the value of the inputs that you are spending and the value of the outputs you are sending are encrypted (these are hidden to everyone except the recipient). Because the amounts are encrypted using @Pedersen-commitments what this means is that no observers can tell the amounts of the inputs and outputs, but they can do math on the Pedersen commitments to determine that no Monero was created out of thin air.
We can also know that transaction amounts are valid even though the value of the inputs that you are spending and the value of the outputs you are sending are encrypted (these are hidden to everyone except the recipient). Because the amounts are encrypted using @Pedersen-commitments what this means is that no observers can tell the amounts of the inputs and outputs, but they can do math on the Pedersen commitments to determine that no Monero was created out of thin air.
faq->q13
Is Monero magic and protects my privacy no matter what I do?
Monero is the leading cryptocurrency focused on private and censorship-resistant transactions.
what-is-monero->leading_para1
MostThe majority of existing @cryptocurrencies, including Bitcoin and Ethereum, have transparent @blockchains, meaning that t. Transactions are openlycan be verifiabled and/or traceabled by anyone in the world. Furthermore,This means that the sending and receiving @addresses ofor these @transactions maycould potentially be linkable to a person'sed to real-world identityies.
The majority of existing @cryptocurrencies, including Bitcoin and Ethereum, have transparent @blockchains. Transactions can be verified and/or traced by anyone in the world. This means that the sending and receiving @addresses of these @transactions could potentially be linked to real-world identities.
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, on the other hand, uses various technologies to ensure the privacy of its users.
what-is-monero->confidential_para1
EUnlike selectiverly Monero transaction, by default, obfuscates sending and receiving addresses as well as transacted amounts. This always-on privacy means that every Monero user's activity enhances the privacy of all other users, unlike selectively transparent cryptocurrencies (e.g. Zcash)transparent alternatives (e.g. Zcash), Monero is the only major cryptocurrency where every user is anonymous by default. The sender, receiver, and amount of every single transaction are hidden through the use of three important technologies: @Stealth-Addresses, @Ring-Signatures, and @RingCT.
Unlike selectively transparent alternatives (e.g. Zcash), Monero is the only major cryptocurrency where every user is anonymous by default. The sender, receiver, and amount of every single transaction are hidden through the use of three important technologies: @Stealth-Addresses, @Ring-Signatures, and @RingCT.
what-is-monero->confidential_para2
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.
what-is-monero->electronic_para1
There areWith Monero, there are no wire transfer or check clearing fees, no multi-day holding periods, and no risk offraudulent chargebacks. It is safe from ‘capital controls’ - these are measures that restrict the flow of traBecause Monero is decentralized, it is not constrained by any particular legal jurisdictional currencies, sometimes to an extreme degree, in countries experiencing economic instability and provides safety from capital control.
With Monero, there are no wire transfer or check clearing fees, no multi-day holding periods, and no fraudulent chargebacks. Because Monero is decentralized, it is not constrained by any particular legal jurisdiction and provides safety from capital control.
about->decentralization_para
Monero is committed to providing the maximum amounthighest degree of decentralization. With Monero, you do not have to trust anyone else on in bothe network, and it is not run by any large group. An accessible “ security and code development. Its Proof of Work” algorithm makes it easy to mine Monero on normal computers, which makes it more difficult for someone to purchase a large amount of mining power. Nodes connect toprevents specialized mining hardware from dominating the network and allows for fair distribution of block rewards. Additionally, Monero's development and research other with I2P to lower the risks of revealing sensitive transaction information and censorship (tba). Development decisions are extremely clear andare conducted via global collaboration, and the project is carried out with utmost transparency. Each development decision is open to public discussion. D, and every major developer meeting logs areis published onlinein their entirety and visible by all.
Monero is committed to providing the highest degree of decentralization in both network security and code development. Its Proof of Work algorithm prevents specialized mining hardware from dominating the network and allows for fair distribution of block rewards. Additionally, Monero's development and research are conducted via global collaboration, and the project is carried out with utmost transparency. Each development decision is open to public discussion, and every major developer meeting is published online.
developer-guides->outdated
Please note: the guides below have been recently refreshed and are maintained almost up-to-date by the community. However, mMethods are often added / removed / updated and may not be accurately describedhere.
