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19

Short answer: yes, it will be anonymous Long answer: The following applies to all Cryptonote based coins, unless stated otherwise: On the blockchain, all addresses are one time addresses. In Bitcoin, you are exhorted to not reuse addresses, but Monero enforces this. Every new transaction causes a new one time address to be generated, in such a way that ...


4

So, what would be the main advantage of Bitcoin over Monero? Bitcoin is more scalable. Monero inherently requires every full node to maintain an ever-growing database of spent outputs, and is many times slower to validate transactions for. Bitcoin uses a UTXO set whose size is proportional to the number of coins currently in circulation, not its history. ...


4

No. Monero's ring signatures draw on Monero's complete TXO set to create a larger anonymity set. Monero's method has the disadvantage that since it is unclear which TXO were actually spent, they can never be marked as spent and therefore spent TXO hardly ever leave the TXO set. In Bitcoin mixers, you're actually dependent on other users also using the ...


3

Monero - A cryptocurrency that uses ring signatures, a type of cryptography that enables untraceable transactions. It is extremely unlikely that a transaction can be traced to a particular user. Monero is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchain obfuscation DASH - rebranded from "Darkcoin" to ...


3

It depends on the implementation. The network itself does not have a database engine. Bitcoin Core and software derived from it (most altcoin software is derived from Core) uses LevelDB to index the blockchain and store the chainstate data (UTXO set, current best block, etc.). It uses BerkeleyDB for the wallet. However different implementations can use ...


3

Mining on a cpu at all is a bad idea, it can and will wear the cpu down, and is ridiculously slow compared to a gpu. Also mining with an Nvidia card isn't the smartest thing either as they are much slower than AMD cards. Regardless you will make next to no money mining with this kind of hardware given that there are thousands of people with ASIC miners that ...


2

Just purchase a second computer specifically for Monero mining, and don't even run the GUI (Unity). If your mining efforts aren't profitable enough to warrant a dedicated computer, then you probably shouldn't be mining.


2

To do an atomic swap, you essentially need two things: The ability to do 2-of-2 multisignatures. Basically every cryptocurrency supports this, including Bitcoin and Monero, though with varying degrees of ease-of-use. In Bitcoin you can use CHECKMULTISIG opcode; in Monero (and eventually Bitcoin, I hope) you can do 2-party Schnorr signatures which are more ...


2

I did this, actually! In terms of disclosure, @eric allam is absolutely correct, above; you should let your users know that's going on, at a minimum, and ideally have some sort of "Start mining" button they can click to have an explicit opt-in type procedure. That said, it's wildly unlikely to generate a profit unless you have a huge base of users and are ...


2

The term is used specifically in Monero's ring signature based spending scheme. Monero transactions do not exactly specify which previous outputs are being spent. Instead, a list of alternative inputs is provided (consisting of the real one, and a number of chaff coins). A ring signature is then used to prove authority to spend from the real one, without ...


1

That would probably work fine. Mining doesn't generally require fast disk access, especially if you are mining in a pool. Of course, you'll have to reboot into your Ubuntu installation each time you want to start mining, and you won't be able to use your "daily" operating system at the same time as mining.


1

Increasing fungibilty is a goal, there have been several proposals of differing seriousness and support. But this is generally seen as a goal for the project. That being said, BTC/LTC simply cannot ever achieve this goal as throughly as Monero has without a complete redesign, which will not happen.


1

Click on payouts tab and you will see the payouts there. Disregard the graph on dashboard. The graph will populate once you reach payout threshold of .4 xmr...


1

How does the recipient use the bitcoin he receives? Stealth addresses require you to scan all the transactions of the blockchain It is a fairly inefficient process but the stealth address implementations that I've seen have two improvements: prefix: each stealth address has a required prefix and you must bruteforce your txid to match the prefix encoded in ...


1

Sure - you can run cpuminer-multi on Azure or AWS, and it will CPU mine. You will need to find a pool to mine with. Alternatively, if you want to solo mine, then you merely need to run a full Monero node, and from within bitmonerod you use the start_mining command. Details on the options you can pass to that command are available via the help command within ...


1

No you cannot. Monero uses a different PoW that is incompatible with sgminer, but also uses a different pool communication protocol that is Stratum-like but not actually Stratum.


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