ADVERTISEMENT
Advertise with BNC

Ring Confidential Transactions

18 Dec 2015, 00:00

This article introduces a method of hiding transaction amounts in the strongly decentralized anonymous cryptocurrency Monero. Similar to Bitcoin,Monero is a cryptocurrency which is distributed through a proof of work “mining” process. The original Monero protocol was based on CryptoNote,which uses ring signatures and one-time keys to hide the destination and origin of transactions. Recently the technique of using a commitment scheme to hide the amount of a transaction has been discussed and implemented by Bitcoin Core Developer Gregory Maxwell. In this article,a new type of ring signature,A Multi-layered Linkable Spontaneous Anonymous Group signature is described which allows for hidden amounts,origins and destinations of transactions with reasonable efficiency and verifiable,trustless coin generation. Some extensions of the protocol are provided,such as Aggregate Schnorr Range Proofs,and Ring Multisignature. The author would like to note that early drafts of this were publicized in the Monero Community and on the bitcoin research irc channel. Blockchain hashed drafts are available in [14] showing that this work was started in Summer 2015,and completed in early October 2015. An eprint is also available at http://eprint.iacr.org/2015/1098.


ADVERTISE WITH BRAVE NEW COIN

BNC AdvertisingPlanning your 2024 crypto-media spend? Brave New Coin’s combined website, podcast, newsletters and YouTube channel deliver over 500,000 brand impressions a month to engaged crypto fans worldwide.
Don’t miss out – Find out more today


ADVERTISEMENT
Advertise with BNC
ADVERTISEMENT
Advertise with BNC
BNC Newsletters: A weekly digest of the most important news and analysis.
ADVERTISEMENT
Advertise with BNC
Submit an event on bravenewcoin.com
Latest Insights More
ADVERTISEMENT
Advertise with BNC