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MerosCrypto / Meros

An instant and feeless cryptocurrency for the future, secured by the Merit Caching Consensus Mechanism.
https://meroscrypto.io
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Is Meros privacy respecting cryptocurrency? #298

Closed Joe23232 closed 3 years ago

Joe23232 commented 3 years ago

Hi I wanted to know is Meros a privacy respecting cryptocurrency like Beam for example?

kayabaNerve commented 3 years ago

First of all, I have a hard time calling MimbleWimble private due to the lack of privacy around senders/receivers. Yes, they're eventually aggregated into a indistinguishable set, yet they start isolated and therefore trackable. A network attack against Grin (also MW based) obtained 96% of senders/receivers.

This can be heavily reduced by efficient routing, I know Beam is a different coin, they do have Dandelion... I just dislike how they don't actually have any privacy tech for the senders/receivers proper. It's really just amount privacy + obfuscation.

Second of all, I heavily respect privacy. That said, Meros will not launch with privacy due to the amount of effort needed to integrate a private cryptsystem. It's being actively discussed for a future hard fork, with my personal preference being CLSAG (though I'm keeping an eye on Triptych/Acturus as those could forever change ring signatures as we know them).

kayabaNerve commented 3 years ago

Closing this as an issue as it has no relevance to the project's source code. I don't mind having a discussion here, although our Discord would be better. That said, this shouldn't be an open issue (or an issue at all).

Joe23232 commented 3 years ago

I see thank you