How did the founder of Monero contribute to the privacy features of the cryptocurrency?

3 answers

• Dec 24, 2021 · 3 years ago
  The founder of Monero, who goes by the pseudonym Nicolas van Saberhagen, made significant contributions to the privacy features of the cryptocurrency. He introduced the CryptoNote protocol, which forms the basis of Monero's privacy-focused technology. This protocol incorporates ring signatures, stealth addresses, and confidential transactions, all of which work together to obfuscate the sender, recipient, and transaction amounts. These features make it extremely difficult to trace and link transactions on the Monero blockchain, ensuring a high level of privacy for its users.
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• Dec 24, 2021 · 3 years ago
  Monero's founder played a pivotal role in revolutionizing the privacy aspects of the cryptocurrency. By implementing the CryptoNote protocol, Monero introduced ring signatures, which enable multiple possible signers for a transaction, making it nearly impossible to determine the true sender. Additionally, stealth addresses and confidential transactions further enhance privacy by hiding the recipient and transaction amount. These innovations have made Monero one of the most privacy-focused cryptocurrencies in the market today.
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• Dec 24, 2021 · 3 years ago
  Monero's founder, Nicolas van Saberhagen, made significant contributions to the privacy features of the cryptocurrency. Through the implementation of the CryptoNote protocol, Monero introduced advanced privacy techniques such as ring signatures, stealth addresses, and confidential transactions. These features ensure that the sender, recipient, and transaction amounts remain private and untraceable. Monero's commitment to privacy has made it a popular choice for individuals seeking financial anonymity and confidentiality in their transactions.
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