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The full English name of Monero is Monero, and its English abbreviation is XMR. Monero is a cryptocurrency that focuses very much on privacy and is the leader in the anonymous currency sector. The coin has undergone several major improvements since its launch, and now its blockchain has been migrated to a different database, with the aim of further increasing the efficiency and flexibility of the project. Almost all of the improvements in the project are In serving its security and privacy, the primary goal of Monero's development is privacy and security, followed by ease of use and efficiency. So is this Monero really untraceable? Let the editor of the currency circle take you through an article to understand the anonymity of XMR/Monero.

 Is Monero really untraceable?

Monero is difficult to track transactions. Monero is the progress and innovation in anonymous coins since Dash. Its ring signature technology has taken anonymous technology to a higher level. Monero's community building is now very stable and the community has a considerable scale, which is indispensable for Monero to always be at the top of the digital currency rankings. However, with the emergence of zero-knowledge proofs, especially the emergence of xzc small coins, Monero will also face more challenges.

Monero transactions are confidential and untraceable.
By default, every Monero transaction will obfuscate the sending and receiving addresses as well as the transaction amount. This always-on privacy means that the activity of each Monero user enhances the privacy of all other users, and unlike selectively transparent cryptocurrencies, Monero is fungible. Due to obfuscation, Monero cannot be tainted by participating in previous transactions. This means that Monero will always be accepted without the risk of censorship. Currently under development, via I2P
Invisible Internet Project node routing and encrypted transactions. This will obfuscate the trader’s IP address and provide further protection from network surveillance.

 One article to understand the anonymity of XMR/Monero

The main reason why anonymous coins can be anonymous lies in the different technical principles used by this digital asset. For example, the Monero mentioned earlier uses ring signatures. Here I will take the technical principle of Monero as an example. Ring signature, literally explained, means signing in a ring, that is, the outside of a circle is filled with the user's signature.

The specific practical method is to gather everyone's transaction information together in the same time period, and then each user signs the private key. In this way, the more transactions there are in this time period, the better the anonymity. The higher it is. Because the outside of the circle around this time period is full of user signatures, you can't trace it at all.

Ryponote and ring signature technology can automatically realize the anonymous function, without the need for other users to specify who they want to mix with, and there is no need to wait for others to provide funds. The first cryptocurrency to hide the transaction initiator, recipient, transaction amount, and transaction IP. In the 2017 darknet market AlphaBay seizure incident, the number of btc, eth, including zec, etc. was listed in detail. Only xmr did not know the unknown number of private key information.

The above content is the currency circle editor’s detailed answer to the question of whether Monero is really untraceable. I hope everyone can understand the anonymity of XMR/Monero in this article. In addition to protecting the privacy of users, the anonymity of Monero also brings some disadvantages. For example, this anonymity prevents Monero from using simple payment methods, and Monero does not easily Node wallet, if we want to save Monero, we can only use the full node wallet. It is also difficult for Monero to perform layer 2 expansion or apply the Lightning Network, so it basically cannot do offline payments. In addition, because the default ring size of Monero is 4, it also has a great limit on the number of transactions.