From f721f5de420a1871484812fbb5ed0ca9befb7f57 Mon Sep 17 00:00:00 2001 From: dnaleor Date: Fri, 9 Oct 2015 16:37:28 +0200 Subject: [PATCH] Update ringsignatures.md --- knowledge-base/moneropedia/ringsignatures.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/knowledge-base/moneropedia/ringsignatures.md b/knowledge-base/moneropedia/ringsignatures.md index e8d04a58..794c89d2 100644 --- a/knowledge-base/moneropedia/ringsignatures.md +++ b/knowledge-base/moneropedia/ringsignatures.md @@ -6,7 +6,7 @@ summary: "a group of cryptographic signatures with at least one real participant --- ### The Basics -Ring signatures make sure individual transaction outputs on the blockchain can’t be traced. A ring signature is a group of cryptographic signatures with at least one real participant, but there is no way to tell which in the group is the real one as they all appear valid, while the key image prevents double spends. When sending a transaction, you select some random transaction outputs on the blockchain and mix those with your own “real coins”. The fact that this mixing can be done offline is a huge benefit for privacy. Mixing of coins is enforced across the network, making all coins “equal”. Because every transaction output has plausible deniability on their state (spent or unspent), there are no fungibility issues with monero +Ring signatures make sure individual transaction outputs on the blockchain can’t be traced. A ring signature is a group of cryptographic signatures with at least one real participant, but there is no way to tell which in the group is the real one as they all appear valid, while the key image prevents double spends. When sending a transaction, you select some random transaction outputs on the blockchain and mix those with your own “real coins”. Mixing of coins is enforced across the network, making all coins “equal”. Because every transaction output has plausible deniability on their state (spent or unspent), there are no fungibility issues with monero To read how Monero gives you a privacy by default (unlinkability), see @stealth-addresses.