Cryptocurrency Q&A
Is Monero zero knowledge?
Is Monero zero knowledge?
GalaxyWhisper
Mon Sep 30 2024
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6 answers
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Could you please clarify whether Monero truly offers zero-knowledge privacy? It's been said that Monero utilizes certain privacy-enhancing features, but does it actually guarantee complete anonymity and untraceability, akin to what zero-knowledge cryptography promises? I'm interested in understanding the extent to which Monero's transactions are obscured from both prying eyes and even the blockchain's own analysis, and if there are any limitations or caveats to consider.
6 answers
GangnamGlitzGlamour
Wed Oct 02 2024
Zero-Knowledge Proofs (ZKPs) are a cryptographic technology that serves as the cornerstone of various privacy-preserving solutions in the cryptocurrency realm.
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DaeguDivaDanceQueen
Wed Oct 02 2024
At its core, ZKPs enable an individual to demonstrate possession of specific knowledge or information without disclosing the actual details.
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HallyuHype
Wed Oct 02 2024
This revolutionary feature underpins Monero, a prominent cryptocurrency that prioritizes privacy and anonymity.
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DiamondStorm
Tue Oct 01 2024
By leveraging ZKPs, Monero transactions can be verified as legitimate without revealing the identities of the participants or the transaction amounts.
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IncheonBlues
Tue Oct 01 2024
BTCC, a leading cryptocurrency exchange, recognizes the importance of privacy and security in the digital asset space.
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