Altcoins News
By Dan Saada
1 / 13
XMR users love it; however, they long that there should not be a bad stigma about the privacy offered.
2 / 13
Monero expressed: Monero is a system designed to keep your finances secure and confidential, by default and consistent with the General Data Protection Regulation (GDPR - EU).
3 / 13
Monero Outreach clings on to a story that “New Evidence Suggests Bitcoin Founder Satoshi Also Created Monero.
4 / 13
One of the users however opined, Bitcoin was envisioned as an anonymous P2P digital cash. However, that title is today best reserved for privacy coins like Monero.
5 / 13
Some users were very clear that Monero is not a HODL material, but we can't deny it is very important for this space and probably will be here alongside with Bitcoin.
6 / 13
Some were however left wondering on what's the point of having Monero if every CEX eventually will be forced to remove it from the market?
7 / 13
Garrett See clarified stating, if you don't prefer apps having privacy settings default to public requiring users to take action to change settings to private, then why would you…
8 / 13
Those who lack clarity on XMR’s built-in privacy features in contrast to Bitcoin’s public ledger.
9 / 13
A Monero wallet address consists of a public view key and a public spend key. When Alice wants to send Monero to Bob, her wallet automatically uses Bob‘s view key and public…
10 / 13
The encrypted output amounts include an output for Bob and a change output for Alice. Only Bob is able to locate his output and to spend it by scanning the blockchain with his…
11 / 13
Ring signatures are used to protect the sender‘s privacy by hiding the origin of a transaction.
12 / 13
The actual signer is a one-time spend key that corresponds to an output of Alice‘s wallet. The non-signers are arbitrarily picked past transaction outputs from the blockchain.
13 / 13
There are other features like preventing double spending and more.
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