Monero forum

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Re: Monero forum

Berichtdoor neku » 27 Sep 2018 22:13

Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.

Why Monero is different

Monero is secure

Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe.

Monero is private

Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Monero provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions.

Monero is untraceable

Sending and receiving addresses as well as transacted amounts are obfuscated by default. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.
Untraceable Monero paths

Monero is fungible

Monero is fungible because it is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.

https://getmonero.org/
The aim of education is the knowledge, not of facts, but of values!



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Re: Monero forum

Berichtdoor neku » 18 Okt 2018 22:14

Monero Upgrades to Bulletproof Privacy: XMR Dev News

But will the whole community follow along?

Monero developers have released a new version of the protocol, which will go into effect between October 18th and 19th. In addition to changing the proof-of-work algorithm to deter ASIC mining, the new upgrade includes improvements to Monero’s privacy functions that will allow deeper protection for significantly lower fees. Node operators and miners are urged to upgrade their software, and failure to do so may cause transactions to fail.

Mon of Steel

The biggest additions to Monero v.0.13 are “bulletproofs,” which allow transactions to be verifiably published to the XMR blockchain without revealing their size. “Our current range proofs scale linearly in size with the number of outputs and the number of bits in the range,” Monero’s team wrote in a blog post last December, “meaning they make up the bulk of a transaction’s size.”

In contrast, “Bullet” proofs grow logarithmically in proportion to the range and number of outputs in a message, allowing transactions to provide greater privacy and use less data. Monero developers estimate that enacting bulletproofs will result in 80 percent reductions in transaction sizes, with proportionate improvements on transaction fees as well. “Further,” the blog explains, “initial testing shows that the time to verify a bulletproof is lower than for the existing range proofs, meaning speedier blockchain validation.”

In addition, the ring size—the number of decoy signatures used to camouflage Monero users when they send transactions—will be raised from seven to eleven, enhancing privacy on the network.

Faster than a Speeding ASIC

The new upgrade is the latest sidestep in Monero’s duck-and-feint evasion of Bitmain and the world of industrial-scale mining. Unlike Bitcoin or Litecoin, Monero’s developers have explicitly declared war on ASICs, with regular hard forks that will make specially-designed hardware unusable.

ASICs “cause centralization,” Monero wrote in a blog post last year, “because only those with access to specialized hardware (ASICs) are still able to mine, and these typically come from one or very few manufacturers.” The struggle reached a crisis point last year, when Bitmain openly revealed that it had secretly developed miners for the CryptoNight algorithm.

The surprise revelation—along with speculations that Bitmain had secretly used ASICs to dominate Monero mining for months—caused developers to react with emergency measures:

[W]e strongly believe that it’s beneficial to preserve our ASIC resistance. Therefore, we will perform an emergency hard fork to curb any potential threat from ASICs if needed. Furthermore, in order to maintain its goal of decentralization and to provide a deterrent for ASIC development and to protect against unknown or undetectable ASIC development, the Monero team proposes modifying the CryptoNight PoW hash every scheduled fork, twice a year.

This will be the second hard fork, putting the tenth-largest cryptocurrency one step further away from ASIC dominance.
Herding Cats

However, getting the entire Monero network to change in unison is easier said than done. The first PoW change, last spring, resulted in at least three offshoots clinging to the original chain: Monero Zero, Monero Original, and two different coins called Monero Classic.

Developers aren’t taking any chances this time, and are urging users to keep their software up-to-date. “[I]t is imperative that we, as community, contact economically sensitive nodes (exchanges and services) and inform them about the new version,” Monero developers said in a reddit post, and even mobile and desktop wallets will require new versions.

It remains to be seen how well the community will adapt to the new upgrade, especially considering how rarely some hodlers check their balances–to say nothing about updating their software. Depending on how well developers have publicized the change in direction—and how diligent node operators are about keeping their software up-to-date— tomorrow’s fork may end with more XMR nodes wandering away from the flock.

https://cryptobriefing.com/monero-upgra ... 5b47bKCXcU
The aim of education is the knowledge, not of facts, but of values!

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neku
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Re: Monero forum

Berichtdoor neku » 02 Jan 2019 20:45

Fortnite Merchandise Store Starts ’Exclusively’ Accepting Monero as Payment Method

Retail Row, the merchandise store for the online video game Fortnite, has started “exclusively” accepting Monero (XMR) as a cryptocurrency payment option, Monero tweeted Jan. 1.

Fortnite is an online video game released in July 2017 and developed by Epic Games, which reportedly accounts for more than 125 million players worldwide. In October 2018, Epic Games was valued at over $15 billion in its latest funding round.

Retail Row supports crypto payments service GloBee, which allows retailers to accept cryptocurrencies including Bitcoin (BTC), Litecoin (LTC) and Ripple (XRP), while XMR is the only digital currency supported by the store. Customers can also make payments with a range of conventional methods including credit cards and PayPal.

As Cointelegraph reported in October, cybersecurity firm Malwarebytes found that scammers were using malware targeting the Bitcoin (BTC) wallet addresses of Fortnite gamers. “Con artists” were purportedly sneaking malicious data theft code into downloads that apparently promised “free” season six Fortnite Android versions, among other “bogus cheats, wallhacks and aimbots.”

Free V-Bucks (an in-game currency) also concealed malicious packages of code, according to the investigation. Malwarebytes discovered that deceptive links were promoted via scammers’ YouTube channels, which redirected users to downloads that conceal the malware.

In June, network and enterprise security company Palo Alto Networks found that around 5 percent of all XMR in circulation was mined maliciously via cryptojacking. Monero reportedly had an “incredible monopoly” on the cryptocurrencies targeted by malware, with a total of $175 million mined maliciously.

The report also notes that the data does not include web-based Monero miners or other miners they could not access, meaning that the 5 percent is most likely too low of a calculation.

https://cointelegraph.com/news/fortnite ... T0Bw8WfboQ
The aim of education is the knowledge, not of facts, but of values!