Monero Enhances Privacy with Major Upgrade

According to BlockBeats, Monero, a privacy-focused blockchain, has released a significant upgrade aimed at bolstering user protection against 'spy nodes.' Monero operates on a decentralized peer-to-peer (P2P) network, where nodes (computers) connect directly to share and verify transactions and blocks. Monero's privacy features are supported by several key technologies. Each transaction utilizes a unique stealth address to ensure the recipient's real address remains undisclosed. Ring signatures blend the sender's transaction with other virtual transactions, making it difficult to identify the actual sender of funds. Additionally, ring confidential transactions conceal the transaction amount, further enhancing privacy.