Monero (XMR) - The secure, private, untraceable cryptocurrency that keeps your money confidential. Grassroots. Open source. https://t.co/zdbdQFbWZW
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May 4, 2022 • 17 tweets • 4 min read
1/ The #TailEmission is coming in ~30d (block 2,641,623), so let's take a few minutes and walk through why the #Monero community chose a tail emission, how it works, and what it means for Monero user's and the project long-term.
Buckle up, this is going to be a long one!
2/ The Monero community, in stark contrast to Bitcoin's community, decided to include in Monero a "minimum subsidy", or "tail emission" in order to keep fees reasonable, ensure a lower bound of network security, and enable dynamic block sizes.
Dec 2, 2021 • 11 tweets • 3 min read
1/ Seraphis, a zero-knowledge proving system from UkoeHB and the Monero Research Lab for confidential transactions that is faster, lighter, and more private, is making excellent progress!
A thread on some of the key advantages to Seraphis:
2/ It's important to note before we go further that Seraphis is a protocol abstraction, and not a specific implementation, and so there are a lot of design decisions yet to be made in the instantiation of Seraphis used in the Monero privacy protocol in the future.
Nov 30, 2021 • 4 tweets • 4 min read
RandomX was created to prevent ASICs from dominating mining of #Monero, and has proven to be the longest-lived ASIC-resistant mining algorithm ever implemented, preventing ASICs on the Monero network for 2y and counting.
RandomX is key to the mining decentralization of Monero.
Unlike other "resistant" algorithms, RandomX was built from the ground up to serve this exact purpose by people with decades of computing experience.
We're immensely grateful for the innovation and incredible work by @hyc_symas, sech1, tevador, and other contributors.
Jul 27, 2021 • 6 tweets • 2 min read
A rather significant bug has been spotted in Monero's decoy selection algorithm that may impact your transaction's privacy. Please read this whole thread carefully. Thanks @justinberman95 for investigating this bug.
1/6@justinberman95 If users spend funds immediately following the lock time in the first 2 blocks allowable by consensus rules (~20 minutes after receiving funds), then there is a good probability that the output can be identified as the true spend.
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Sep 15, 2020 • 12 tweets • 2 min read
The long-awaited Perkins Coie whitepaper is now available!
"Anti-Money Laundering Regulation of Privacy-Enabling Cryptocurrencies"
This 40 page report is the most comprehensive to-date on compliance and Monero and will greatly assist adoption of XMR!
"Allowing VASPs to support privacy tokens under current, tested AML regulations strikes the appropriate policy balance between preventing money laundering and allowing beneficial, privacy-preserving technology to develop."
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