<<  >> (p.1096)
    Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4674958 times)
    xmrnoob
    Newbie
    *
    Offline Offline

    Activity: 13
    Merit: 0


    View Profile
    March 29, 2015, 12:23:10 PM
     #21901

    "Monero groups all transactions with everyone else who transacted on that block through what is called ‘ring signatures’, and obscures where the coins came from and went, by forcing them to become a part of a group of transactions. This promises a high level of anonymity. Monero is also enjoying a healthy increase in value in recent weeks."

    Thats a honest misunderstanding I would say, its technically incorrect but thats how [bit looks[/b] from outside Wink

    Agree, its a common misconception. Ultimately, unless you get into the technical details it gives more of less the right idea. Occasionally someone will ask what happens if there aren't enough transactions in a block or something like that, at which point we explain more accurately how it actually works.


    Also occasionally, instead of someone asking that, they will just think to themselves "so it depends on other transactions being present in each block", and go away feeling uneasy about the design of the whole thing.

    In other words, not a "simplification" to be encouraged.
Page 1095
Viewing Page: 1096