Home Altcoins News Monero (XMR) Can Reduce Wallet Scan Times by 50-70%

Monero (XMR) Can Reduce Wallet Scan Times by 50-70%

Monero (XMR) Can Reduce Wallet Scan Times by 50-70%

Monero:  End-to-end encryption using the Noise protocol is coming soon to Monero for peer-to-peer traffic, helping to make running a node both harder to detect via normal methods and less susceptible to deep packet inspection.

Note that this does not protect against all packet analysis, and does not prevent detection of Monero node traffic via default ports, but protects against basic packet inspection and makes it harder for adversaries to detect (or manipulate) p2p traffic between Monero nodes.

A similar approach to end-to-end encryption of peer-to-peer traffic is being worked on by Bitcoin developers as well, and will hopefully help Bitcoin nodes gain similar resistance to analysis or manipulation in the future.

For clarity, what is a Transaction Input and Output? – The transaction input is the address from which the funds were sent, and the transaction output is the address to which the funds were sent.

Justin Ehrenhofer expressed:  With a minor amount of implementation work, Monero can reduce wallet scan times by 50-70% by adding only 1 byte to each transaction – all without making transactions distinguishable. This is one of the easiest trades ever.

Community response:  What took so long to seriously consider doing this? Looks like it was proposed a while ago.

Justin:  I recall a similar idea that would speed up verification *much* more but had severe privacy drawbacks. I don’t remember seeing this one.

I think Monero misses a structured way to handle protocol improvements. Right now stuff is a bit on meta, a bit on the core repo and nobody is really keeping track. This is a perfect example of something getting lost on github, but that could have been implemented long ago.

Nam Sardar Monero Enthusiast:  On a serious note, going deep into the history of fractional reserve banking, gold standard, money creation, central banking etc. is painful stuff. Just gives you a sense of how much we are all being screwed every day, especially the common man without invested assets.

Was explaining the greatest invention of our times, ie Bitcoin to my Uncle. Just halfway through realized I’d been talking longer about its now obvious flaws than its merits. Monero-pilling my family is my fave past-time these days.

My fave part: anyone that transacts with you and knows your wallet address, is able to see how much balance is in your wallet, and every wallet that wallet has ever interacted with. The shock on their faces, priceless. For everything else, there is Monero.

Been having some pretty deep 1-o-1 convs with family members about crypto. I really enjoy talking to people and sharing the knowledge. Coming out of the ‘default blue-pilled setting’ we are all born and raised with is a prereq to optimum physical, mental and financial health.

 

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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