What is the storage method used by Monero for its blockchain?

3 answers

• Arvand NDec 27, 2024 · 8 months ago
  Monero uses a storage method called CryptoNote, which is a decentralized and privacy-focused blockchain protocol. This method employs a combination of ring signatures, stealth addresses, and confidential transactions to ensure the privacy and security of transactions. The blockchain data is stored in a distributed manner across multiple nodes, making it resistant to censorship and tampering. The use of ring signatures obfuscates the sender's identity, while stealth addresses hide the recipient's address. Confidential transactions encrypt the transaction amounts, further enhancing privacy. Overall, Monero's storage method prioritizes privacy and security.
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• mol hanotaJun 03, 2022 · 3 years ago
  The storage method used by Monero for its blockchain is different from traditional blockchains like Bitcoin. Monero utilizes a technology called Ring Confidential Transactions (RingCT) to obfuscate transaction details. RingCT combines ring signatures and confidential transactions to provide privacy and fungibility. Ring signatures mix the sender's transaction with others, making it difficult to determine the true sender. Confidential transactions encrypt the transaction amounts, preventing outsiders from knowing the exact value being transferred. This storage method ensures that Monero transactions are private and unlinkable, making it a popular choice for users who prioritize anonymity.
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• Kaplan BarberDec 21, 2020 · 5 years ago
  Monero's blockchain storage method is based on the CryptoNote protocol, which was specifically designed to prioritize privacy and security. Unlike Bitcoin's transparent blockchain, Monero's blockchain obfuscates transaction details using ring signatures, stealth addresses, and confidential transactions. Ring signatures mix the sender's transaction with others, making it nearly impossible to trace the true sender. Stealth addresses hide the recipient's address, ensuring privacy. Confidential transactions encrypt the transaction amounts, preventing anyone from knowing the exact value being transferred. This storage method makes Monero a preferred choice for users who value privacy and anonymity in their transactions.
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