Altcoins News
By Dan Saada
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Monero (XMR) Decentralization with Smaller Mining Pools
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Triptych is one of Monero’s research protocols which is set to replace the current MLSAG ring signature scheme.
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In the current MLSAG ring signature scheme, the transaction outputs store coins in one-time addresses.
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The spender selects a random one-time address from the blockchain. It creates a ring signature with the private key for the one-time address.
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The Triptych compares anonymous transactions protocols from the linkable ring signatures.
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Monero (XMR) will also be implementing the Dandelion++, which is a technology-focused on improving on the privacy of the network at the network level, thereby making it harder…
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Sydney Ifergan, the Crypto Expert, tweeted: "Whether in Monero XMR or others, it is indeed tempting for miners to be a part of leading pools for high payouts.
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The Monero mining process is multifaceted, and larger pools are commented on for being a threat to decentralization; however, it is not as complex as it seems to be.
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Previously, Riccardo Spagni alias Fluffy Pony of the Magical Crypto Friends reportedly showed a high level of mining pool dominance in the past.
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The mining centralization issue keeps coming up time and again. The two major mining pools are a problem.
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The concentration of mining pools will happen now and then, and the key to resolving is to split and redistribute the mining pools.
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Monero (XMR) is a privacy coin backed by nearly seven developers who have chosen to remain anonymous. No wonder they are extraordinarily anonymous.
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