Monero Continues to Improve Anonymity
One of the most confidential cryptocurrencies on the market, Monero (XMR) does not stop there. The platform is actively developing, improving the privacy of its users in each update. Most recently, the company announced that in the next innovation, many solutions will come into the system, including the Dandelion ++ confidential transaction system. What does this solution represent and how will it affect cryptocurrency users? Let’s figure it out together right now.
A little background
In fact, even the name of the innovation shows that Dandelion ++ is just an improved version of the previous update. Which came into the system back in 2017. Then Dandelion was offered for use. But the solution did not get much popularity. The technology consists in processing the principle of cryptocurrency payment. Which makes it almost impossible to determine the IP address of one of the parties. Roughly speaking, now the transaction takes place in two stages. During the first means they go directly to the recipient. And during the second phase, the system deletes all the information about the IP addresses that participated in the transfer. Dandelion tests in test mode showed that the use of technology on all nodes has a positive effect on maintaining user privacy. Information about the parties involved is practically unavailable, third parties will not be able to find out to whom and how you transferred the money.
However, the main drawback of the previous version of Dandelion is that the technology will work as it should, only if every computer running in the system installs this solution. What if your colleague is not using Dandelion? It’s simple – it is you and your personal data that suffer from the negligence of another. This is why Dandelion is not widespread. But everything will change with the release of a new version of an anonymous solution – Dandelion ++.
What exactly do Monero developers offer?
Having drawn conclusions from the mistakes of the past, the creators of the cryptocurrency took balanced measures and modernized the new Dandelion ++ solution. Now, to activate the IP address removal system, you do not need to have the program on the computers of the sender and receiver of the transaction. Enough and one side equipped with the appropriate technical solution. Thus, having independently installed Dandelion ++, each of our readers can safely use convenient XRM translations and not be afraid that their personal data will be declassified.
IP addresses are deleted without harming you. Keeping privacy does not affect the speed of transfers and the quality of transactions, everything is still at the highest level. Today you can start using Dandelion ++, however, in test mode. Take part in a technology audit to help developers identify potential problems and make the final version of the project much better and more convenient.
Why is it worth starting to use Monero right now?
As mentioned above, before us is one of the most reliable and confidential cryptocurrencies of the modern market. The coin uses unique encryption systems, including mixing. This development allows you to mix all the information about senders and recipients of transfers. So that it was impossible to declassify a separate wallet. And, it is worth noting that high privacy is useful not only to scammers and scams. But also to ordinary users who want to use the crypt without harm to their own privacy. This is exactly what XRM provides. Try, experiment and follow all the news of the crypto industry with us. Because we publish only high-quality and interesting material. Thank you for the attention. Good luck!