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New protocol designed by the Monero Research Labs combining ring signatures from CryptoNote with Confidential transactions. RingCT transactions are not only untraceable (ring signature) but also keep the transaction amount private (confidential transaction).

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transactions. The reason why RingCT should help eliminate the need for extremely large Monero transactions is that RIngCT no longer will require the use of outputs of many different denominations. …
answered Jul 23 '16 by Yao Choa