How does the Monero algorithm ensure transaction privacy?

3 answers

• Langballe AlbrechtsenMay 20, 2021 · 4 years ago
  Sure! The Monero algorithm uses a combination of ring signatures, stealth addresses, and confidential transactions to ensure transaction privacy. Ring signatures mix the spender's transaction with a group of other transactions, making it difficult to trace the exact source of the funds. Stealth addresses generate unique one-time addresses for each transaction, preventing the recipient's address from being linked to their identity. Confidential transactions hide the transaction amount, ensuring that only the sender and receiver know the exact value being transferred. These privacy features set Monero apart from other cryptocurrencies and make it a popular choice for those who value privacy in their transactions.
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• Nikolai KimJul 08, 2023 · 2 years ago
  The Monero algorithm is designed to provide strong transaction privacy. It achieves this by using ring signatures, which mix the spender's transaction with others, making it nearly impossible to determine the true source of the funds. Additionally, Monero uses stealth addresses, which generate unique one-time addresses for each transaction, ensuring that the recipient's address cannot be linked to their identity. Finally, confidential transactions hide the transaction amount, ensuring that only the sender and receiver know the exact value being transferred. These privacy-enhancing features make Monero a top choice for those seeking privacy in their cryptocurrency transactions.
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• Mohamed Ait kajateFeb 06, 2023 · 2 years ago
  The Monero algorithm is specifically designed to prioritize transaction privacy. It employs a combination of ring signatures, stealth addresses, and confidential transactions to achieve this goal. Ring signatures mix the spender's transaction with a group of other transactions, making it extremely difficult to trace the origin of the funds. Stealth addresses generate unique one-time addresses for each transaction, preventing the recipient's address from being linked to their identity. Confidential transactions hide the transaction amount, ensuring that only the sender and receiver are aware of the exact value being transferred. These privacy measures make Monero a leading cryptocurrency for those who value anonymity and privacy in their transactions.
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