Cryptocurrencies are positioned as a completely decentralized and anonymous alternative to fiat currencies. In fact, this is not entirely true. Most existing cryptocurrencies have a transparent blockchain. That is, any record on the blockchain remains in the public domain. This means that the identity of any user can be disclosed. The only completely confidential cryptocurrency is XMR.
What Is XMR?
XMR uses the CryptoNote protocol, which is based on ring…
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