Monero was created in 2014 as a fork of a project called “Bytecoin” by a small community of developers. Monero is not a fork of Bitcoin, and uses an entirely new codebase called “Cryptonote” that has evolved into the Monero protocol. Monero was started with three core aims – privacy that is usable and approachable for the masses, by default, a scalable and iterating base-layer, and ASIC-resistance to enable commodity hardware mining which aids decentralization. Monero enables this default privacy for all users of the network through a variety of means: —RingCT: this technology hides all amounts sent and received on-chain (via Confidential Transactions), as well as hides which output is actually being spent among (currently) 10 others (via ring signatures). This requires no coordination and is completely non-interactive (unlike CoinJoin) and happens entirely via the protocol itself. —Stealth addresses: this technology hides sender and receiver addresses on-chain by letting the sender generate a one-time address using the receiver’s public key, so no actual addresses are ever published to the blockchain. —Dandelion++: This technology helps to hide the sender’s IP address when sending Monero by using a special method of relaying transactions to other nodes.
I enjoy these educational posts on Monero. Cc: @Cerkoryn
Sorry don't check Nostr as often as I should. Haven't heard of Dandelion before but I have written down a handful of privacy methods in the Ghostwallet repo. There are some others I need to add too, haven't really been working on it unfortunately 😓 https://github.com/Cerkoryn/PrivacyWallet/blob/main/Design.md