Can you explain the process of anonymous transactions in Monero and how it ensures privacy?

3 answers

• O'BrienNov 22, 2023 · 2 years ago
  Monero utilizes a technology called ring signatures to ensure the privacy of transactions. When a transaction is made, it is mixed with several other transactions, making it difficult to trace the original sender. This process is known as ring mixing. Additionally, Monero uses stealth addresses, which generate a unique address for each transaction. This prevents the recipient's address from being linked to their identity. Overall, the combination of ring signatures and stealth addresses in Monero ensures that transactions are truly anonymous and private.
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• learnto codeJul 13, 2024 · a year ago
  In Monero, anonymous transactions are achieved through the use of ring signatures and stealth addresses. Ring signatures mix the sender's transaction with others, making it nearly impossible to determine the true sender. This ensures that the transaction remains anonymous. Stealth addresses, on the other hand, generate a unique address for each transaction, making it difficult to link the recipient's address to their identity. By combining these two techniques, Monero provides a high level of privacy for its users.
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• MrPiggy105Jun 02, 2023 · 2 years ago
  Anonymous transactions in Monero are made possible through the use of ring signatures and stealth addresses. Ring signatures mix the sender's transaction with a group of other transactions, making it extremely difficult to identify the true sender. This ensures that the transaction remains private and untraceable. Additionally, stealth addresses generate a unique address for each transaction, preventing the recipient's address from being linked to their identity. These privacy features make Monero a popular choice for users who value anonymity in their transactions.
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