Commit 125c543f authored by Patrick Alexander's avatar Patrick Alexander Committed by GitHub
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Update ringCT.md

Create new term, ringCT
parent c5d16ba4
......@@ -7,7 +7,7 @@ summary: "a way to hide the amount sent in a Monero transaction"
### The Basics
RingCT, short for ring confidential transactions, is a way to hide the amount sent in a Monero transaction. This feature is currently in the testnet phase and is a high development priority.
RingCT introduces an improved version of @ring signatures called A Multi-layered Linkable Spontaneous Anonymous Group signature, which allows for hidden amounts, origins and destinations of transactions with reasonable efficiency and verifiable, trustless coin generation.
RingCT introduces an improved version of @ring-signatures called A Multi-layered Linkable Spontaneous Anonymous Group signature, which allows for hidden amounts, origins and destinations of transactions with reasonable efficiency and verifiable, trustless coin generation.
For more information, please read the creator Shen Noether's paper [here](https://eprint.iacr.org/2015/1098).
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