3 ms·
I'm a Monero dilettante, but my understanding is that this is not the case - your private key (or some derivative of it) is needed in order to unmask transactio
by k_sh 9y ago
I'm a Monero dilettante, but my understanding is that this is not the case - your private key (or some derivative of it) is needed in order to unmask transactions on the blockchain that involve you, so others can't see what you've been up to. See below:
"When you send funds to someone’s public address, what happens is that you actually send the funds to a randomly created brand new one-time destination address. This means that the public record does not contain any mention that funds were received to the recipient’s public address.
For the same reason, the funds that you are sending were not associated with your own public address either in the public record. Therefore, when you send these funds, the public record will not show that the funds originated from your public address and will not show that the funds were sent to the recipient’s public address."
Source: https://www.monero.how/how-does-monero-work-details-in-plain-english https://www.monero.how/how-does-monero-work-details-in-plain...
- codys 9y agoSure, I'm not contending that the information is exposed in the blockchain, I'm saying that third parties that keep logs of their sends can collude at a later time to produce a more complete picture of the transactions sent to an individual. Right now avoiding that in monero is difficult. Subaddresses (as linked above) solve some of that, but as there is still a linear time scan increase, I wonder how prevalent their use will be. Will people create a new address for each receive they do? Maybe, maybe not.