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Monero (XMR) transactions explained

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This is how Monero (XMR) transactions are made and processed, ensuring each transaction is anonymized to the fullest when transferred into the blockchain. Full article: https://www.coinelitist.com/threads/crypto-101-what-is-monero-xmr.127/

Publicado en: Tecnología
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Monero (XMR) transactions explained

  1. 1. MONERO 101 HOW TRANSACTIONS WORK MONERO AIMS TO BE 100% PRIVATE ELECTRONIC CASH. BROUGHT TO YOU BY: C O I N E L I T I S T . C O M ELECTRONIC PRIVATE DECENTRALIZED Electronic cash triangle monero’s main feature PRIVACY THE THREE PILLARS OF MONERO #1. RING SIGNATURES #2. STEALTH ADDRESS #3. CONFIDENTIAL TRANSACTIONS S v S v MONEROHAS TWOPRIVATEKEYSANDTWOPUBLICKEYS PRIVATE SPEND KEY PRIVATE VIEW KEY PUBLIC SPEND KEY PUBLIC VIEW KEY WHAT HAPPENS DURING A MONERO TRANSACTION? CAROL WANTS TO SEND 10 XMR TO DAVE. #1 THE SENDER’S IDENTITY IS PROTECTED BY THE RINGSIGNATURE OTHER DECOY SIGNATURES PROTECT THE SENDER’S IDENTITY (CAROL) BY CLOUDING THEIR SIGNATURE. 1. A RANDOM ONE-TIME PUBLIC KEY IS GENERATED FROM DAVE’S PUBLIC VIEW AND SPEND KEYS. 2. A ONE-TIME“STEALTH ADDRESS”IS GENERATED FROM THE ONE-TIME PUBLIC KEY. 3. CAROL SENDS THE XMR (MONERO) TO THE ONE-TIME STEALTH ADDRESS. CAROL S CAROL’S SIGNATURE DECOY SIGNATURES #2 THE RECEIVER’S IDENTITY (DAVE) IS PROTECTED BY THE STEALTHADDRESS S v 1+ = 1 4. DAVE’S PRIVATE SPEND KEY LOCATES THAT TRANSACTION IN THE BLOCKCHAIN. 5. DAVE GENERATES A ONE-TIME PRIVATE KEY ASSOCIATED WITH THE ONE-TIME PUBLIC KEY AND RETRIEVES THE XMR. S 1

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