coose365 on Nostr: Monero (Cryptonote protocol), like Atlantis was, isn't an encrypted ledger, it ...

Monero (Cryptonote protocol), like Atlantis was, isn't an encrypted ledger, it doesn't have balance states to encrypt (it's a UTXO model blockchain).
Cryptonote uses various means of obfuscating amounts and addresses, like a shell game.
So no, there's no master decryption key so to speak, but it does use key images which can be analyzed to an extent.

Contrasting with Dero-HE, balances are actually a ciphertext number thats stored in permanently encrypted account states, no key images, no master keys, each account is an independent and permanently encrypted state that can only be interacted with/known if in possession of the particular account's private key.

The latter is also why instant balances for all assets are a thing on Dero.

#Dero Dero.io