Cryptocurrency Q&A
Can Monero be traced by police?
Can Monero be traced by police?
noah_smith_researcher
Thu May 23 2024
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6 answers
1195
Could you please clarify if Monero transactions are susceptible to police tracing? Given its reputation for anonymity and privacy-oriented features, I'm curious to know if its transactions can still be traced by law enforcement agencies despite its enhanced security measures. Would the use of Monero pose a significant challenge for police investigations seeking to identify and prosecute criminal activities? It would be helpful to have a detailed explanation of the technicalities involved in this matter. Thank you for your assistance.
6 answers
Michele
Sat May 25 2024
CT technology, specifically employed by Monero, elevates the concept of ring signatures and stealth addresses to new heights. Ring signatures obscure the sender's identity by blending the transaction within a group of potential senders, while stealth addresses hide the receiver's details.
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SumoPowerful
Sat May 25 2024
Cryptocurrency, a digital asset designed to work as a medium of exchange, utilizes various technologies to safeguard transactions. Among them, Confidential Transaction (CT) stands out as a revolutionary approach in ensuring anonymity and privacy.
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Nicola
Fri May 24 2024
Spot trading on BTCC allows users to buy and sell cryptocurrencies at current market prices, offering instant execution and liquidity. Futures trading, on the other hand, provides an opportunity for traders to speculate on future price movements, hedging against risks or capitalizing on market opportunities.
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EtherealVoyager
Fri May 24 2024
This combination of ring signatures and stealth addresses, powered by CT, renders on-chain transactions using Monero's native XMR coin nearly impossible to trace. The enhanced privacy features allow users to conduct transactions without revealing their financial histories or patterns.
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CharmedVoyager
Fri May 24 2024
The implementation of CT in Monero not only enhances privacy but also contributes to the overall security of the network. By obscuring transaction details, it mitigates the risk of targeted attacks and reduces the incentive for hackers to target Monero users.
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