Monero will become even more private cryptocurrency.
Monero is a cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.
Monero is secure
Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe.
Monero will become even more private cryptocurrency.
Monero developers reported that a request to enable Dandelion ++ technology has been added to the code base of this cryptocurrency user-oriented anonymity. Its full support will be implemented in the next Monero update.
Monero is private.
Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Monero provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions.
Monero is untraceable.
Sending and receiving addresses as well as transacted amounts are obfuscated by default. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.
Monero is fungible.
Monero is fungible because it is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.
An analysis of the technology using a mathematical model developed by its authors from the University of Illinois showed that using Dandelion with all the nodes can successfully resist tracking by passive observers.
The problem is that the observer will not necessarily follow the rules of the network and may not be passive. In addition, some honest nodes may not use Dandelion. Given the growing presence of transaction tracking companies, a version of Dandelion ++ has been developed.
Previously, it became known that the main sponsor of the Monero project, Riccardo Spagni, is leaving his post. Spagni has led the project since its launch in 2014 and will now play a supporting role.
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