Current location - Quotes Website - Signature design - Monerau principle
Monerau principle
Monroe coin is a decentralized cryptocurrency, that is to say, it is a secure digital cash operated by the user network. The transaction is confirmed by the distributed consensus, and then an unchangeable record is made on the blockchain. You don't need to trust a third party to keep your Monero safe.

Monero is based on CryptoNote protocol, and there are significant algorithm differences in blockchain fuzzification. Monero's modular code structure has been appreciated by Wladimir J. van der Laan, one of the core maintainers of Bitcoin.

Monroe coins are replaceable because they are private by default. Because of their association in previous transactions, Monero units cannot be blacklisted by suppliers or exchanges.

Monero has made several major improvements since its launch. First, it migrates the blockchain to different database structures to provide higher efficiency and flexibility; Set the minimum ring signature size so that all transactions are private, and implement RingCT to hide the transaction volume.

Monroe coin also introduced a new elliptic curve algorithm, which hashes the distribution of the output to the elliptic curve, which has not appeared in any previous research, but Monroe coin's research team thinks this is a safe hash function. However, no analysis can show whether the output of this function is randomly and uniformly distributed or the implementation process is unidirectional, so it is generally considered as a random function. The elliptic curve encryption of Monroe coin is based on Edwards curve, which is fast and under a specific definition, such as Curve255 19.