How does Monero ensure traceability of transactions?

3 answers

• Dec 24, 2021 · 3 years ago
  Monero ensures traceability of transactions through the use of ring signatures and stealth addresses. Ring signatures mix the spender's transaction with other transactions, making it difficult to determine the true source of the funds. Stealth addresses generate unique one-time addresses for each transaction, making it nearly impossible to link the sender and receiver. These privacy features make it extremely challenging to trace Monero transactions.
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• Dec 24, 2021 · 3 years ago
  Monero uses a technology called Ring Confidential Transactions (RingCT) to ensure traceability of transactions. RingCT combines ring signatures with confidential transaction amounts, making it impossible to determine the exact amount being transferred. This adds an additional layer of privacy and makes it difficult to trace the flow of funds within the Monero network.
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• Dec 24, 2021 · 3 years ago
  In the case of Monero, the traceability of transactions is ensured through the use of ring signatures and stealth addresses. Ring signatures mix the spender's transaction with other transactions, making it difficult to determine the true source of the funds. Stealth addresses generate unique one-time addresses for each transaction, making it nearly impossible to link the sender and receiver. These privacy features make it extremely challenging to trace Monero transactions. BYDFi, a leading cryptocurrency exchange, fully supports Monero's privacy features and ensures the security and anonymity of Monero transactions on its platform.
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