Updates based on feedback

parent 08f7413d
......@@ -9,7 +9,7 @@ summary: "either an alias, such as donate.getmonero.org, or a set of 95 characte
When you send Monero to someone you only need one piece of information, and that is their Monero address. A *raw* Monero address is a set of 95 characters starting with a '4'. The Monero donation address, for instance, is <span class="long-term">44AFFq5kSiGBoZ4NMDwYtN18obc8AemS33DBLWs3H7otXft3XjrpDtQGv7SqSsaBYBb98uNbr2VBBEt7f2wfn3RVGQBEP3A</span>.
Because those addresses are long and complex you will often encounter an @OpenAlias address instead. For example, Monero donations can be sent to <span class="long-term">[email protected]</span> or <span class="long-term">donate.getmonero.org</span>.
Because those addresses are long and complex, you will often encounter an @OpenAlias address instead. For example, Monero donations can be sent to <span class="long-term">[email protected]</span> or <span class="long-term">donate.getmonero.org</span>.
If you would like to get an @OpenAlias address of your own then there is some information on the [OpenAlias page](/resources/openalias).
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......@@ -7,7 +7,7 @@ summary: "a distributed ledger of all transactions both past and present, withou
---
### The Basics
A @blockchain is a distributed database that continuously grows with a record of all of the transactions that have occurred with a given cryptocurrency. This database is often referred to as a ledger because the data contains a large list of transactions that have taken place. In Monero, these transactions are packaged together into 'blocks' every 2 minutes (on average) and all miners and nodes on the network have copies of these blocks.
A @blockchain is a distributed database that continuously grows with a record of all of the transactions that have occurred with a given cryptocurrency. This database is often referred to as a ledger because the data contains a large list of transactions that have taken place. In Monero, these transactions are packaged together into 'blocks' every 2 minutes (on average), and all miners and nodes on the network have copies of these blocks.
### Monero's @Blockchain
Unlike Bitcoin and other cryptocurrencies, transactions in the Monero @blockchain do not reveal where funds came from or went to, providing anonymity and making the currency completely [fungible](fungibility). Additionally, the amounts of all transactions are hidden by @RingCT, a feature of Monero. For auditing or other transparency purposes a user can share a @view-key to prove they control certain amounts of Moneroj.
......@@ -2,7 +2,7 @@
layout: moneropedia
entry: "Mnemonic Seed"
terms: ["mnemonic-seed", "mnemonic"]
summary: "a 13 or 25 word phrase used to back up a Monero account, available in a number of languages"
summary: "a 13 or 25 word phrase used to backup a Monero account, available in a number of languages"
---
### The Basics
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......@@ -13,7 +13,7 @@ summary: "a device on the Internet running the Monero software, with a full copy
Nodes participate in the Monero network and secure @transactions by enforcing the rules of the network. Nodes download the entire @blockchain to know what transactions have taken place. Nodes assist the network by relaying transactions to other nodes on the network. Nodes may also choose to contribute to the Monero network by participating in crafting @blocks (this is called @mining).
Mining is the process by which nodes create a block from the previously accepted block, transactions that are waiting to be processed in the Transaction Pool, and the @coinbase-transaction. When a node believes it has crafted a valid block it will transmit the completed block to other nodes on the network and those nodes signal agreement by working on the next block in the chain.
Mining is the process by which nodes create a block from the previously accepted block, transactions that are waiting to be processed in the transaction pool, and the @coinbase-transaction. When a node believes it has crafted a valid block it will transmit the completed block to other nodes on the network and those nodes signal agreement by working on the next block in the chain.
The rules that nodes follow are built into the Monero software; When all nodes agree about the rules to follow this is called @consensus. Consensus is necessary for a cryptocurrency because it is how the blockchain is built; If nodes don't agree about which blocks are valid, for example people who have not updated their Monero software, those nodes that don't agree will no longer be able to participate in the Monero network.
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......@@ -17,7 +17,7 @@ As long as the encrypted output amounts created, which include an output for the
Pedersen commitments mean that the sums can be verified as being equal, but the Monero value of each of the sums and the Monero value of the inputs and outputs individually are undeterminable. Pedersen commitments also mean that even the ratio of one input to another, or one output to another is undeterminable.
It is unclear which inputs are really being spent as the ring signature lists both the real inputs being spent and decoy inputs, therefore you don't actually know which input Pedersen commitments need to be summed up. That's okay, because the @RingCT ring signature only has to prove that for one combination of the inputs the outputs are equal to the sum of the inputs. For mathematical reasons, this is impossible to forge.
It is unclear which inputs are really being spent as the ring signature lists both the real inputs being spent and decoy inputs, therefore you don't actually know which input Pedersen commitments need to be summed. That's okay, because the @RingCT ring signature only has to prove that for one combination of the inputs the outputs are equal to the sum of the inputs. For mathematical reasons, this is impossible to forge.
### In-depth Information
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......@@ -11,7 +11,7 @@ summary: "a cryptographically signed container that details the transfer of Mone
The parameters of a transaction contain one or more recipient addresses with corresponding amounts of funds and a `mixin_count` parameter that specifies the number of foreign outputs bound to the transaction (see @ring-size). The more outputs that are used, a higher degree of obfuscation is possible, but that comes with a cost. Since a transaction gets larger with more outputs, the transaction fee will be higher.
It is possible to form a transaction offline, which is a huge benefit for privacy.
It is possible to form a transaction offline, offline, which offers additional privacy benefits.
A transaction can be uniquely identified with the use of an optional Transaction ID, which is usually represented by a 32-byte string (64 hexadecimal characters).
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......@@ -11,4 +11,4 @@ summary: "one of two sets of private and public cryptographic keys that each acc
Monero features an opaque blockchain (with an explicit allowance system called the @view-key), in sharp contrast with transparent blockchains used by any other cryptocurrency not based on CryptoNote. Thus, Monero is said to be "private, optionally transparent".
Every Monero address has a private viewkey which can be shared. By sharing a viewkey a person is allowing access to view every incoming transaction for that address. However, outgoing transactions cannot be reliably viewed as of June 2017. Therefore the balance of a Monero address as shown via a viewkey should not be relied upon.
Every Monero address has a private viewkey which can be shared. By sharing a viewkey, a person is allowing access to view every incoming transaction for that address. However, outgoing transactions cannot be reliably viewed as of June 2017. Therefore, the balance of a Monero address as shown via a viewkey should not be relied upon.
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