Monero Memeland on Nostr: #Monero has the most complete privacy guarantees of any cryptocurrency. Every ...

#Monero has the most complete privacy guarantees of any cryptocurrency. Every transaction hides the sender, receiver, and amount. This is enforced through strict consensus rules. Monero addresses never appear on the blockchain, ever. Instead, funds are transferred using stealth addresses. This completely prevents people from surveiling you by searching your address for related transactions. Transaction amounts are always hidden because of RingCT, which stands for ring confidential transactions. This prevents people knowing wallet balances at all using Bulletproof+ zero knowledge proofs. The source of funds spent in transactions (the transaction graph) is hidden with ring signatures, a part of RingCT. This process is completely non-interactive. Transactions appear to spend several sources of funds (including real money held by other people), without revealing the real source. Remember, the link between these sources of funds and addresses is also broken! Transactions are broadcast to the networking using Dandelion++, which makes it more difficult to determine the origin sending node. Monero software, including Cake Wallet and Monero.com, support connections over Tor as well. Every Monero transaction supports these enormous privacy enhancements without any user effort whatsoever.