99Ex Sub-mainstream Plan-XMR Monero, The Light Behind The Prism Door
Recently, 99Ex officially launched the sub-mainstream plan. As of now, the sub-mainstream plan has launched the fifth phase of XMR. The 99Ex “sub-mainstream plan” will select and list currencies on global high-quality blockchain projects every week, providing more choices for 99Ex users and more effective protection of user rights.
“Prism Project (PRISM): A top-secret electronic surveillance program implemented by the US National Security Agency since 2007. The program’s official name is” US-984XN “. This program is used to monitor and record any information in the United States. Customers outside the region who use the services of participating companies, or any U.S. citizen who communicates with foreigners. In 2013, it became known to society through Edward Snowden ’s disclosure. At the same time, Snowden also began a long escape. “
XMR Monero is one of the ways that ordinary people can avoid the prism door. Maybe many investors will be confused. Bitcoin already has the basic anonymity. So the anonymity of Monero is better than the market Where are other cryptocurrencies “anonymous”?
How Monero achieves true anonymity
Monero is not based on Bitcoin. It is based on the CryptoNote protocol. Bitcoin is a completely transparent system, and one can see how much money was sent from one user to another. Monero hides this information to protect user privacy in all transactions. Only you control and take charge of your funds, your account and transactions will not be browsed and maliciously peeped.
Monero uses the idea of ring signature technology, which can be traced back to France in the seventeenth century. According to legend, when the French ministers advised the king, in order to prevent the king from finding out who was the leader, this ring signature method was used. The names of all people were arranged in the form of a ring, hiding the order, and advocated There is no way for people to investigate. The so-called law does not blame the public. It is the duty of the courtier to perform all faithfulness. The coincidence in history also gave birth to a great invention.
In the ring signature system, the true identity of the consumer initiator is hidden, and the nodes do not know who is the real sender. This causes inconvenience to prevent the double spend problem. To solve this problem, Trias borrowed from Monroe The system uses key image technology (key image). The same public key will generate the same key image. All nodes in the system will maintain a set of key images that have been seen. If the key image of a transaction appears in the set, it is considered invalid. In this way, each transaction is different through the key image, and the miner can easily detect and determine whether it is a double spend.
We are alike, and different.
The currency that uses ring signature encryption is endless in the market, but the problem of ring signatures is also exposed, that is, the size of the transaction is too large, which brings a great burden on the chain operation. The problem, so Monero introduced a bullet proof.
Bulletproof proof is a short, non-interactive zero-knowledge proof that does not require trusted settings.
Unlike Borromean or Schnorr signatures, bulletproof protocols are very effective as range proofs. To prove a large data set, only a small proof is needed, and the size of the proof increases logarithmically with the size of the proven data.
This means that increasing the number of outputs in a transaction will only slightly increase the size of the proof.
99Ex sub-mainstream plan, the light shining through the prism.
The essence of the blockchain is punk cryptography. In order to resist those who abuse power and grab benefits from it, Monero implements it to the end, allowing users to conduct transactions without worry, without having to worry about private property being unnecessary. Supervision.
At present, the 99Ex sub-mainstream plan has covered four major aspects, including asset on-chain, public chain, on-chain virtual reality, and payment. Among them are industry leaders and new stars, now and in the future.
The degree of feedback to traders’ demands represents the maturity and completeness of the system of an exchange. The launch of XMR is a kind of firmness and responsibility through paperback.
XMR has realized the final step of the sub-mainstream plan payment anonymity. Whether it is ring signature technology or bullet proof, it proves that XMR has accumulated and accumulated technology on anonymous coins. 99Ex is leading the sub-mainstream plan through another A technical barrier and consensus gap. Today, the prism door still stands quietly, but the light behind it has illuminated the past and present, hope and future.
