Blockchain
By Steven Anderson
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Monero (XMR) Tracing Patent Application
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Monero (XMR) points to a recent study by the Copenhagen Business School, which have to state that the privacy coins are unstoppable.
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The reasons cited for privacy coins to be unstoppable goes like: “Those who control the code will control the rules.”
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In this regard, Sydney Ifergan, the crypto expert tweeted: “Monero (XMR) is loved by all because unlike Bitcoin and Ether payments, Monero XMR transactions are untraceable.
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Privacy coins are all set to play a major role in the future of the cryptocurrency ecosystem.
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The Copenhagen Business School points to “much like how users are starting to realize the nefariousness of [Big Tech companies like] Facebook and Google.”
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Though, it is not clear as to whether they will make it to main stream adoption private cryptocurrencies are here to stay.
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Justin Ehrenhofer, hailed to be a community lead for Monero, pointed to how privacy for all tokens is becoming in the top of mind for many.
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CipherTrace have filed for a second Monero tracing patent application. They have also published their techniques and probabilistic methods for tracing Monero.
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The patent is pointing to forensic tools that they use to explore the Monero transaction flows to help in financial investigations.
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Further they have filed statistical and probabilistic methods that they will use for scoring transaction and clustering the likely owners; Monero decoy reduction; Probabilistic…
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Monero is working hard to sustain privacy and someone else is working hard to crack through it. This fight will continue.
The Currency Analytics
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