Major cryptocurrency deanonymization event is imminent
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Re: Major cryptocurrency deanonymization event is imminent
#2> Cryptocurrencies (Monero, Zcash) with strong privacy protections usage prices soar
The private transactions in ZCash are very rarely used so any privacy leaks the article talks about should affect large parts of ZCash users as well.
Monero indeed is the best candidate so far with it's mandatory fungibility.
Re: Major cryptocurrency deanonymization event is imminent
#3Wonder how many have tried to trace transactions done with Bytecoin / Monero? If nobody has been able to yet that would then render this a bit irrelevant in respect to cryptonote / cryptonight based currencies.
Re: Major cryptocurrency deanonymization event is imminent
#4[deleted]
Re: Major cryptocurrency deanonymization event is imminent
#5> Cryptocurrencies (Monero, Zcash) with strong privacy protections usage prices soar The private transactions in ZCash are very rarely used so any privacy leaks the article talks about should affect large parts of ZCash users as well. Monero indeed is the best candidate so far with it's mandatory fungibility.
> The private transactions in ZCash are very rarely used so any privacy leaks the article talks about should affect large parts of ZCash users as well.
That's true! However unlike most cryptocurrencies, it's possible to send private transactions on ZCash so the point wrt price/usage still stands.
Re: Major cryptocurrency deanonymization event is imminent
#6It is a good point I hadn't considered that public cryptocurrencies are not fully fungible. I.e. It may be socially unacceptable to accept money from certain known people.
Re: Major cryptocurrency deanonymization event is imminent
#7Wonder how many have tried to trace transactions done with Bytecoin / Monero? If nobody has been able to yet that would then render this a bit irrelevant in respect to cryptonote / cryptonight based currencies.
There was some research exposing vulnerabilities in Monero privacy tech[0], but AFAIK ringCTs and enforced minimum sizes of ring signatures fixes it.
[0]http://hackingdistributed.com/2017/04/19/monero-linkability/