this post was submitted on 04 Oct 2024
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Monero: the secure, private, untraceable currency

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This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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The original was posted on /r/monero by /u/IcyEstablishment261 on 2024-10-04 03:06:20+00:00.


"To tackle privacy shortcomings with ring signatures, there is a consensus protocol update planned for Monero called FCMP++, which allows for an "anonymity set" of the entire chain. This protocol leverages a primitive for set membership called Curve Trees. Curve Trees allows one to efficiently prove that a "rerandomized" curve point exists in some set without revealing the element. In Monero, this set is defined as all "spendable" (i.e. unlocked and valid) transaction outputs on-chain. This randomization transformation is similar to "blinding" coin amounts in Pederson Commitments, and as a side effect, transaction output public keys themselves can be rerandomized on-chain. This fact opens the door for addressing protocols to add long-desired features, namely forward secrecy and outgoing view keys."

Idk most of this jargon

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