Topic: Monero is More anonymous than Bitcoin (Read 131 times)

I have news for you, monero is traceable:

https://www.wired.com/story/monero-privacy/

I hate to be the one who brings this topic, but I had to do it to raise awareness about the situation. Unfortunately, many are still not aware about privacy and how it can affect the public trading. I guess regulations must be enforced harder so people can realize that only truly anonymous cryptos can protect them. Regulators are moving slow so the public won't notice, because you can't throw a frog in boiling water, you have to slowly raise the heat.

I jumped on the DeepOnion ship. Superior anonymity through Tor along with OBFS4/MEEK can circumvent censorship and avoid data snooping. Stealth addresses (DeepProtocol) will be activated in 4 days and DeepSend (Zero-Knowledge+CoinJoin+RingSignatures) will be released after the airdrop. If you have a better option, please share it.

      as what you can see and hear that bitcoin transactions are trace and tracked online using web trackers and leak in the web. If you wanna read about why bitcoin is pseudonymous just folow this thread: Bitcoin Transaction is PSEUDONYMOUS.

and right now we will talk about what other alternative to bitcoin that is more private and really anonymous and can provide the high need of privacy and security.


  Before we start why monero is more secure than bitcoin let;s understand:

What is Monero?

   Unlike other cryptocurrencies including bitcoin and ethereum that has transparent blockchain meaning that transactions are traceable and can be track the origin of the transaction.But monero uses cryptography to shield and receiving addresses as well as transacted amount.

The Kovri Project, currently in development, will route and encrypt transactions via I2P Invisible Internet Project nodes. This will obfuscate a transactor's IP address and provide further protection against network monitoring.

Monero also provides what they called Ring signatures this make sure that all done transaction that are made cannot be tied back to a specific user or person.Effectively making it impossible for anyone to conclusively prove that the transaction came from you.


So what makes monero more secure??

Monero uses different techniques and methods in achieving privacy and security these are ring signatures, Ring Confidential transactions, and stealth addresses.

Ring signatures hides all informations about the sender, using a method where a group of users sign the transaction. This obscures who the actual sender was.

RingCT which stands for Ring Confidential Transactions, user1 can send user2 some Monero, and the only people that will ever know the amount sent will be user1 and user2. Although the transaction is visible on the blockchain, there is no way to determine the money transacted.

Stealth Addresses which adds privacy and security to the receiver of a transaction. Stealth addresses use ‘spend keys’ to obscure the receiver’s address. A sender is required to generate a spend key address for the receiver and send the Monero through this address. A ‘view key’ is then used by the receiver to display incoming transactions. This method means that while a transaction is recorded on the blockchain, only the sender and the receiver can determine where the payment was actually sent.


This are some features of Monero(XMR) I know that can provide more privacy and security than bitcoin if you wanna achieve more security and anonymity you can look for this coin and try it out so please leave a comment if you have known crypto that can provide such privacy and security.