#Monero#XMR is AUDITABLE, in this thread we will see that the audibility of Monero is as secure or more secure than Bitcoin (cryptographically speaking).
Two types of audit are necessary to verify the offer as a whole, 1) the number of issued coins in circulation (extracted block), 2) The verifiability of the total supply between each transaction (key_image, ringct, ring signature..).
First of all, I'd like to say one thing: Monero is based on a very well-established and well-understood cryptography, battle-tested for almost a decade and every major change is audited by reputable groups and cryptographers.
Thread - The history of #Bitcoin and how it was captured and nipped in the bud ? In this thread, you'll find out how bitcoin's capabilities were restricted to limit its technological power, so hang on!
In total, Bitcoin has had three lead developers. Wow, tell me you knew that Bitcoin's lead maintainers are no longer anonymous since satoshi left the project ?
But what happened ? Why did Satoshi jump ship and hand over the keys to the project to Gavin Andresen and disappear forever, prematurely ?
2/65 It is 4 projects with one thing in common: they are intended to be used as an alternative to fiduciary money. They are also the highest ranked in terms of market capitalization for what they are intended for (digital money)
3/65 To begin I would like to clarify that the Monero codebase has nothing to do with the Bitcoin codebase, the anonymity provided by CryptoNote by design is not possible with the Bitcoin codebase. #ZEC#LTC we were launched with the #BTC code base
๐งต๐ฅA major update in the Monero protocol is coming and is called Seraphis & Jamtis and will require a fork and this will roll out in 2024.
1/32 Monero plans to adopt a new privacy-focused 4th generation transaction protocol for p2p electronic payment systems called Seraphis (designed specifically for Monero).
2/32 However, due to a different keyframe construction, Seraphis is not compatible with CryptoNote addresses. Thus the current CryptoNote addresses will be replaced at the same time by a new addressing scheme developed specifically for Seraphis which will be called Jamtis.
1/8 ๐งต Apparently of people are studying the possibility of creating a stablecoin collateralized by fiat and which respects the privacy of users (anonymous stable coin)
2/8 For this, they want to use ZK-proofs (Zero-Knowledge proofs): Zcash already uses ZKPs
3/8 The authors imagine several types of limits similar to those existing on cash in order to reassure regulators