Monero – An Open-Source Cryptocurrency Focused on Blockchain Privacy

Riccardo Spagni, Lead Maintainer of Monero, discusses their unique approach to blockchain privacy, in depth. Many cryptocurrencies are centralized, and some disregard blockchain privacy entirely, in order to attract users. Monero aims to be completely decentralized and open-source, and yet still places a high priority on privacy. They accomplish this by focusing on four different aspects of transaction privacy: obscuring where the transaction is going to through stealth addresses; obscuring where the transaction is coming from through ring signatures; encrypting the amounts of the transactions; and obscuring the IP address that the transaction is coming from through an I2P protocol.