Update about.md

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dnaleor 2015-10-11 03:46:15 +02:00
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@ -52,4 +52,4 @@ Another issue with most cryptocurrencies is the development of a fee market. Thi
## FUNGIBILITY ## FUNGIBILITY
Fungibility is an important property of any functioning currency. You can try to hide your bitcoins as much as you want, if you tried to mix your non-fungible coins using a mixer, coinjoin or another type of "anonymity enhancing feature", these transactions can still be flagged as "possible suspicious activity on the blockchain", even if you are anonymous. Using non-fungible tokens as currency can eventually lead to blacklisting/whitelisting either by governments or through self-censorship. Some examples of these measures could be payment procssors or exchanges refusing your tainted coins as a payment or deposit or miners refusing to include your suspicious transaction. Fungibility is an important property of any functioning currency. You can try to hide your bitcoins as much as you want, if you tried to mix your non-fungible coins using a mixer, coinjoin or another type of "anonymity enhancing feature", these transactions can still be flagged as "possible suspicious activity on the blockchain", even if you are anonymous. Using non-fungible tokens as currency can eventually lead to blacklisting/whitelisting either by governments or through self-censorship. Some examples of these measures could be payment procssors or exchanges refusing your tainted coins as a payment or deposit or miners refusing to include your suspicious transaction.
Monero will enforce a minimum mixing across the network, so all outputs are mixed by default. Transaction outputs have "plausible deniability" about their state: you can't tell if they are spent or unspent in a certain transaction or not. This leads to an opaque (non-transparent) blockchain making all coins "equal". Fungibility is built into Monero, making it real "digital cash". Monero will enforce a minimum mixing across the network, so all outputs are mixed by default. This is possble due to the nature of the mixing: monero mixing is "passive" and can even be done offline! Transaction outputs have "plausible deniability" about their state: you can't tell if they are spent or unspent in a certain transaction or not. This leads to an opaque (non-transparent) blockchain making all coins "equal". Fungibility is built into Monero at protocol level, making it real "digital cash".