Just checking in to want to let you guys know I managed to set up an Monero node. I'm testing out the mixing transactions. Still need to learn a lot though.
Some questions:
1) Is it possible to have instant confirmations ever added to monero?
2) How many darksend "mixing rounds" are comparable to the "mixing number" of monero
thanks in advance!
Congrats! As for instant confirmations, Monero uses 60-second blocks, so any transaction should confirm in 60 seconds or less. That's pretty fast. Someone else may be working on making faster confirmations. If so, someone else will pipe in with that info.
As for Monero mixin compared to darksend mixing rounds, all Monero "mixing" is completely decentralized and there are no master nodes on which to rely. I like Dash and have a good deal of respect for their devs but I'd rather not be dependent on master nodes since they are semi-centralized. What if a govt or entity sets up tons of masternodes and all of your transactions are routed through them? It's kind of like how Tor's privacy can be undermined if one entity controls all of the nodes in your route. Plus, all of Monero is open source so you know exactly what is going on in the system. All of that to me means I can trust it more.
The Monero mixin count refers to the number of other signatures (aside from yours) in the ring-signature that authorizes the transaction. So a mixin of 4 means that there are a total of 5 signatures. This means that someone looking at the Monero blockchain has no way of knowing which of the five signers is the true sender. (from
https://monerobase.com/Mixin)
