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Monday, April 17, 2017

Monero Transactions History Can Be Revealed and Exposed: Research

Monero Transactions History Can Be Revealed and Exposed: Research

The privacy-centric cryptocurrency Monero includes unlinkable transactions in its main offering, meaning that a single coin cannot have its entire transaction history revealed. On Friday, a research called that assertion into question.

The research paper, authored by Andrew Miller, Malte Moser, Kevin Lee and Arvind Narayanan, details research into how Monero transactions obfuscate their origins. It reveals how Blockchain analysis could potentially lead to transactions, particularly those taking place before 2017, being linked, showing the transaction history of certain coins.

In his reddit comment, Monero developer Riccardo Spagni, aka FluffyPony, says the problem is well understood and 80% of transactions are not traceable.

Meanwhile, Cointelegraph spoke with Andrew Miller, assistant professor at the University of Illinois at Urbana-Champaign and associate director for the Initiative for Cryptocurrencies and Contracts, and one of the researchers cited in the Monero link paper, about the implications of these findings.

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