Following yesterday’s delisting of XMR, let’s share knowledge about the privacy track.
Monero was officially launched in April 2014, so it has been 10 years. It was the earliest attempt to add privacy attributes. Since Layer 1 currently does not support privacy on its public network, since all records are recorded on the blockchain, anyone can read its contents. This creates privacy concerns due to the possibility of linking distributed ledger addresses to real identities.
The open and transparent nature of the blockchain allows users' transaction transfer records and on-chain activity records to be viewed by anyone. Users' sensitive information may be easily obtained, and users face the dilemma of "streaking" in the Web3 world.
The privacy public chain provides users with privacy protection solutions. Through technologies such as zero-knowledge proof and secure multi-party computation, users can selectively hide sensitive information.
In layman's terms, every operation on the chain will be packaged and sent to a smart contract. The user's transaction records can be queried through the blockchain browser. The data includes the sent data object, time, quantity, etc. Users who have used privacy products will find that when you deposit a fund into a privacy account, the funds will be subcontracted to dozens or even hundreds of contract accounts for two-way interaction, and then executed from the thread. , and then the total amount of your funds, transfer time, and return address cannot be tracked. This solved a lot of "passage" issues at certain times.
Some people ask, since Monero is so popular in the privacy world and the dark web world, why does the currency price not rise? You can understand by giving a simple phenomenon: Monero exists as an anonymous value carrier in these worlds. Legal currency goes in and becomes Monero. Monero transactions obtain demand goods. Sellers sell Monero and get legal currency. They are free and easy in the real world. comfortable. So you see, Monero is just a carrier at this time. The carrier is not too dependent on price but focuses on usage scenarios. It is convenient and can be calculated with legal currency on the same day. Basically, it will be replaced when it is used up. There is another thing that must be mentioned. Is there still room for Monroe in the future? Value determines price, butt determines head. When demand exceeds supply, rising prices are inevitable
