3 ms·
This sounds incredibly interesting. How does it work privacy-wise? Can I see other peoples wallets and who they've sent money to, received money from, etc, lik
by Nerada 6y ago
This sounds incredibly interesting.
How does it work privacy-wise? Can I see other peoples wallets and who they've sent money to, received money from, etc, like Bitcoin or is it closer to Monero in that regard?
- onelastjob 6y agoCurrently, Nano is like Bitcoin in terms of privacy. So Nano is not private. However, the Nano devs are interested in adding privacy, if possible. This quote is supposedly from Colin LeMahieu in 2017 "I love the concept of privacy in the network and it's a hard thing to do right. Any solution used would need to be compatible with our balance-weighted-voting method which means at least we'd have to know how much weight a representative has even if we're hiding actual account balances. To be fully anonymous it would have to be hide accounts, amounts, endpoints, and also timing information; with advanced network analysis the timing is the hardest thing to hide. Hopefully some day we can figure out an efficient privacy solution though the immediate problem we can solve is making a transactional cryptocurrency so we're focusing on that." [1] [1]https://www.reddit.com/r/nanocurrency/comments/am0dp0/lets_talk_about_privacy/ https://www.reddit.com/r/nanocurrency/comments/am0dp0/lets_t...