Monero is not generally anonymous
Transactions in bitcoins can be tracked. Many outstanding experts praised the Montero cryptocurrency for ensuring that it provides real anonymity. However, it seems that Monero cannot 100% guarantee anonymity.
The popular anonymous altcoin Monero does not allow to ensure complete anonymity of transactions. This is reported by the publication Wired, referring to the research of specialists from the universities of Princeton, Carnegie Mellon, Boston, Massachusetts, and Illinois. They published a work in which they questioned the anonymity of Monero.
The technical documentation presented at the symposium on encryption describes the Monero transactions that were completed before 2016. Originally, Monero was used as an alternative to Bitcoin to make transactions in Darknet, including buying drugs on sites such as AlphaBay .
The principle of Monero's work is that each token is mixed with a large number of other transactions, so it's impossible to track who and to who sent the cryptocurrency.
Monero's blocker initially allowed users to send transactions without anonymity, that is, without blending the coins. The problem is that the coins that were used in these transactions have already been spent. And now information about their movements can be used to start with them unraveling the transaction chains.
Another problem is the time of sending transactions. When real and fictitious coins are mixed in a transaction, these coins tend to come into motion immediately after the transaction is committed.
The developers of Monero report that this vulnerability has been eliminated, but experts say that this does not save the situation and we as a whole cannot speak of anonymity as such. They explain that the sender in this system can easily be tracked by the residual data of transactions performed by users until this vulnerability is eliminated.
Observations of experts have shown that 25% of Monero transactions are associated with criminal and dubious activities. This calls into question the reliability of an asset such as XMR.
I know they change a few things included in the today fork to increase privacy level
Well said @smartivenabin bro
How about some positive suggestions or compliments for the Monero teams have done so far?
Just to make this article balanced.
So who are we trusting, the developers themselves or the "experts"?
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Keep it up man,
What do you think XMR will go up after the fork?
https://steemit.com/monero/@aro.steem/monero-hard-fork-asic-resistance