The blockchain is very popular, and the news media also reports boosting, making people feel that he will be able to create the future. However, there are very few introductory articles in the currency, and the articles in Big V are usually too deep and complicated. Xiao Bai can't understand, can't read, can't learn...
In fact, the most urgent problem to learn is not how to make money, but to understand what is the blockchain, what is the currency circle and so on.
As the blockchain gradually enters the 3.0 era, more and more people trust blockchain technology, and the field of blockchain technology and related digital cryptocurrencies are gradually being watched. A total of 100 types have been introduced by market value. The cryptocurrency of the main network and products.
What is Monroe?
Monero was released on April 18, 2014, referred to as XMR. The Monroe mission is to create an open source digital cryptocurrency that focuses on privacy, security and non-trackability, with a total of 18.44 million. Since the date of publication, Monroe has become a popular privacy coin on the market.
Monroe is not a branch of Bitcoin. Instead, it uses the core algorithm of CryptoNote protocol designed to improve bitcoin anonymity. The first cryptocurrency based on the CryptoNote protocol is Bytecoin, which is used by Monroe. Provides better anonymity through digital serial signatures.
Monroe is the only digital cryptocurrency that can hide the originator, recipient, transaction amount and transaction IP of the current digital encryption transaction.
How to achieve anonymity in Monroe.
Ring Signature: Ring Signature can hide the address of the originator of the transaction. Principle: Randomly add past transactions to the current transaction, so that the identity of the participants of the transaction can be mixed into the entire group to confuse The true trading participant identity.
Stealth Address: The hidden address can hide the payee's address. Principle: Generate an invisible address for each transaction so that the outsider (except the sender and receiver of the transaction) cannot find the actual transmission of the transaction. address.
Circular Confidential Trading (RCT): The amount of hidden trades through circular confidential trading, principle: through the ring encryption transaction and Pedersen commitment (using homomorphic encryption to encrypt the transaction amount to achieve private transactions) to achieve transaction value hiding.
I2P and Kovri: The I2P routing system allows applications to send messages to each other privately, protecting user privacy. Kovri is the C implementation of I2P, integrated with the Monero code, and the supervisory network does not detect Internet traffic when using the Monroe program.
The difference between Monroe and Bitcoin.
Anonymity: Although the Bitcoin wallet is anonymous, the wallet's transfer record lacks confidentiality and can be tracked and audited. In contrast, the Monroe currency transaction provides greater privacy protection, the transfer record is encrypted, and it is difficult to be tracked and audited.
Generate block speed: Bitcoin's block has a large capacity, and an average of ten minutes out of a block. If the space capacity is limited, the transaction time cost will increase, and the Monroe coin is set to be adaptive at the beginning. The block size automatically calculates the specific capacity of the block according to the transaction volume, and an average block is generated every two minutes.
Difficulties in mining: Bitcoin mainly uses the complex SHA256 algorithm, which requires more advanced methods for bitcoin mining. In contrast, mining Monroe is much simpler and can be done by CPU or GPU. This means that ordinary computers can also dig into the Monroe.
In the trend of more decentralization, people gradually realize the importance of privacy. Monroe will be a potential stock in the anonymous world, and Monroe has certain risks in its development: excessive protection. Monroe coins can lead to illegal crimes and other behaviors. If Monroe is closer to government regulation, its development prospects are also good.
