BlockBeats News, October 10th, according to CoinDesk’s report, privacy-focused blockchain Monero has released a significant upgrade that greatly enhances users’ protection against “spying nodes.”
Monero relies on a decentralized peer-to-peer (P2P) network, where nodes (computers) in the network connect directly to each other to share and validate transactions and blocks.
Monero’s privacy protection is achieved through several key technologies: each transaction uses a unique stealth address to ensure the recipient’s actual address is not revealed; ring signatures mix the sender’s transaction with others’ dummy transactions, making it difficult to identify the actual sender of the funds; and confidential transactions hide the transaction amount.
