this post was submitted on 13 May 2024
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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It seems that Monero's Dynamic Block Size technology ( https://localmonero.co/knowledge/dynamic-block-size ). It's called Adjustable Blocksize Limit Algorithm ( https://odysee.com/@BitcoinCashPodcast:2/ABLA_Explainer:2 ) and works on a slightly different algorithm, but it's the same essential technology. The reason it's good news is that it shows that Monero was on the right track (the blocksize wars were pointless) and the competing algorithm allows for both blockchains to test out and optimise future versions of the Dynamic Block Size technology.

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[–] [email protected] 4 points 6 months ago* (last edited 6 months ago) (2 children)

This is great, I hope they add confidential transactions and stealth addresses as well. We need as many big and popular privacy currencies as possible!

[–] [email protected] 3 points 5 months ago (3 children)

I disagree. add privacy to existing popular currencies is good (like LTC added MW) but making new ones, not so much. otherwise the anonymity set among the community becomes much more fragmented for individual currencies

[–] [email protected] 2 points 5 months ago (1 children)

LTC is a privacy coin now?!?

[–] [email protected] 1 points 5 months ago
[–] [email protected] 1 points 5 months ago

Their wallet had a built in mixer, the transactions were super quick, bch was a good coin overall when i used it last time

[–] [email protected] 0 points 5 months ago

It makes the privacy coin ecosystem more decentralized and unstoppable. If we have a DEX where they can all be easily swapped instantly then they become interchangeable.

If we have a whole bunch of private coins with roughly the same amount of users each then attacking one or two of them makes no sense because people will just hop over to another one.

[–] [email protected] 2 points 5 months ago
[–] [email protected] 2 points 5 months ago

It seems that Monero's Dynamic Block Size technology ( [...] ).

I feel there was a sentence here at one time, but it shrunk.

[–] [email protected] -5 points 5 months ago (1 children)

I guess its a good place to beta test stuff on this shitcoin

[–] [email protected] 4 points 5 months ago (1 children)

Calling cryptos you don't like shitcoins is really an asshole move

[–] [email protected] -1 points 5 months ago

Huh, I thought thus was a positive thing to say.