๐ฑ #Monero remains the most #Private ๐ต๏ธ and #Fungible International #Cryptocurrency #FREEDOM_COIN on the Planet. ๐๏ธ
โ๏ธ ๐ฐ #Full_Chain #Membership_Proofs ( #FCMP ) โ๏ธ
๐ฃ๏ธ #TASTINGTRAFFIC_LLC SAYS.. NOW YOU ARE TALKING #AI (REAL #ARTIFICAL_INTELLIGENCE) IN OUR BOOKS! ๐ง Dec 6, 2024.
A Viable International Currency is already here folks. Why try to #RE_INVENT THE #WHEEL;)?? โธ๏ธ
Full-Chain Membership Proofs boost #sender_privacy ๐ by #expanding the #anonymity set from 16 to 100M+, #eliminating ๐ต๏ธvulnerabilities in #ring_signatures. With #forward_secrecy (Quantum computing), #transaction_chaining, and #Outgoing_View_Keys (DONATIONS).
TRANSCRIPT:
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full chain membership proofs promis the
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most significant privacy enhancement for
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sender privacy in monero's history
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monero's original design protects
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transactions being sent with ring
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signatures the ring signature conceals
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the real spend among 15 decoy spends
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that the wallet pulls from the
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blockchain a node verifies the
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transaction's authenticity without
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knowing which spend is real or a decoy
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while chain analysis companies observe
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the ring signature in action the chain
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Analysis company knows that the ring
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signature contains a real spend thus
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with access to large databases such as
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those from know your customer
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centralized exchanges they can track
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ring signatures linked to marked spend
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known as poisoned outputs although ring
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signatures provide strong privacy
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guarantees vulnerabilities arise from
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extensive metadata collections
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potentially leading to outcomes like eae
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attacks or co-s spend transactions where
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a chain Analysis company can and with
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reasonable probability identify the real
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spend full chain membership proofs aim
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to eliminate these vulnerabilities for
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senders with this protocol the spent
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output could be any output on the
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blockchain this effectively expands the
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transactions anonymity set from one of
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16 to one of over 100 million this
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dramatic increase in privacy will apply
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to every transaction and because the
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Monero project prioritizes privacy users
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can feel confident ID that they're using
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the most fungible cryptocurrency
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available moreover full chain membership
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proofs introduce several impressive
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updates these include forward secrecy
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which addresses the emerging threat of
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quantum Computing against privacy
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transaction chaining which paves the way
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for developing certain payment Channel
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protocols and outgoing view Keys which
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enhance user experience for those
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accepting donations or monitoring
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organizations that do full chain
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membership proofs represent a crucial
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next step for Monero for more
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information visit get mono.er today
https://en.wikipedia.org/wiki/Quantum_computing
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