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/

Tecnología

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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Monero (XMR) transactions explained

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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