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In 2020 the IRS was looking for contractors that could crack Monero, Zcash, Dash, Grin, Lightning Network and other privacy projects. Their first proposal was very broad, but in the IRS's second proposal they were very specific in what projects they really wanted cracked...
The bug report was released a couple of days ago by the Monero Core Devs. If you want a more technical explanation you can find that report here:
Phone numbers are terrible technology, but everyone uses them so we are stuck with them for now 😔
This story all starts with 3D printed guns.https://twitter.com/PopularFront_/status/1447002851721547782
1. Monero NFT's are possiblehttps://twitter.com/AnonShopApp/status/1625163407195541504
In 2020 the IRS was looking for contractors that could crack Monero, Zcash, Dash, Grin, Lightning Network and other privacy projects. Their first proposal was very broad, but in the IRS's second proposal they were very specific in what projects they really wanted cracked...
https://twitter.com/AnonShopApp/status/16251634071955415041. NFT's Hurt Monero's Privacy
You need the ability to do these 3 things to make a NFT on any blockchain:
People are very suspicious of new cryptocurrencies being launched so most cryptocurrencies are open source when they are launched and Monero is no different in this aspect. But what happens when people don't read the open-source code closely? What can people hide in the code?
Monero uses Ring Signatures to hide which coin is actually being spent in a transaction. When you send a transaction, your wallet chooses 15 other coins from the blockchain and includes them in your transaction. In theory, this hides which coin your transaction is actually
Quantum computers are powerful computers that can make cracking cryptography easier. They are still in development, but scientists believe that they can easily break elliptic curve cryptography (ECC). Whenever someone sends a transaction they are using ECC to sign and...
But a fun fact about Monero is that it doesn't have an OFFICIAL white paper, because Monero was cloned from Bytecoin. Bytecoin launched in 2014 and is based on the CryptoNote protocol. It was heralded as fixing all the privacy issues that plague bitcoin and it SEEMED legit.