82 votes

What advantages does Monero offer that are not provided by other cryptocurrencies?

It is the only private cryptocurrency in use today which is truly fungible as all transactions are private and created equal. It satisfies the 3 important properties of electronic cash: decentralized,...
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  • 19.8k
58 votes
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How does Monero privacy and security compare to Zcash?

As described by Monero Research Lab academic Shen Noether with regard to the anonymity set: Monero (although the zcash proponents note that a ring signature is a "smaller" anonymity set, ...
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43 votes
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Why was I2P chosen over Tor for native Monero integration?

There are several advantages where I2P implementation is more suitable over Tor, e.g. I2P is significantly faster when routing internal traffic, where Tor is optimized for low-bandwidth clients and ...
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  • 1,543
33 votes
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How vulnerable is Monero to Quantum Computing?

From Monero developer Smooth: “Yes it would be more vulnerable (with regard to public keys) but the protection it affords if uncertain and fragile. If QC can crack keys "slowly" then you can ...
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  • 6,533
26 votes
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Does Monero have any mobile wallets available?

Does Monero have any Android or iOS wallets available? No Monero iOS or Android wallet currently existed in the Apple App Store or Google Play Store for a long time with the custodial Freewallet ...
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  • 6,533
24 votes
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What are the primary differences between Monero and Bitcoin?

Privacy You won't find your standard address on the blockchain. Every single output is its own one time address, there is no choice about it (as opposed to Bitcoin, where address reuse is discouraged,...
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  • 34.6k
21 votes

Can we practically compensate full nodes

The short answer is no, at least not safely. Something we've discussed before is for full nodes to (completely optionally) include a donation address in their handshake, with separate addresses on ...
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  • 5,079
19 votes
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What privacy or security trade offs are associated with not running your own full node?

Using a third party node has drawbacks in two main categories: privacy, and performance. When you refresh your wallet, the daemon sends blocks and transactions to your wallet, which then inspects ...
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  • 34.6k
18 votes

How does Monero privacy and security compare to Zcash?

Adding this answer to make it simpler to those who can not understand the top response. ZCash uses a new cryptography tool called zk-SNARK (don't worry about the name). This is different than the ...
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  • 8,704
17 votes
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Number of Monero block explorers and their unique features

An incomplete list of explorers with unique features would include Moneroblocks, ChainRadar, and The Onion Monero Blockchain Explorer, of which the clearnet version can be found here. Moneroblocks is ...
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  • 4,546
17 votes
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How can individuals safeguard themselves and the community against a key reusing fork?

First, there is no stealing possible, so your funds are safe ASSUMING THE MONEROV (OR OTHER KEY REUSING FORK) SOFTWARE IS NOT A TROJAN. If it is not, then the key reuse only affects one of the privacy ...
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  • 34.6k
15 votes

What are some ways I can disguise my mnemonic seed?

From fluffyponyza here: Due to the nature of the key you can write it as part of something else - eg. write a fake love letter to your wife so that the 24 words on the left hand side are your key ...
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15 votes
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Can Kovri be blocked in e.g. China?

With Deep Packet Inspection, you can filter/block almost any traffic you want. In the I2P projcet, on which Kovri depends, the devs are aware of blocking possibilities in restricted countries and they ...
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  • 2,552
15 votes

What is MoneroV, and how is it different than Monero?

MoneroV is a chain split off Monero. It will inherit Monero's history going forward. MoneroV is widely regarded as an attack on the Monero network. Any initial transactions made on MoneroV will be ...
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  • 8,704
13 votes
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Security concerns with OpenAlias

Yes. Anyone who gains control of the TXT records would be able to change the address they reference. To answer your second question, you are correct that this would not affect any Monero received ...
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  • 1,257
13 votes
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What security risks are associated with accepting Instant Transactions?

The risk is that this transaction will not be included in a block, ever, and thus never pays the merchant. The risk are the same as with Bitcoin, since Monero uses the same type of PoW system, so you ...
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  • 34.6k
12 votes
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What is the safest method to create a Monero wallet for cold storage?

Ok, here is another version. It's not perfect or detailed and it will probably need some additional research. Preparation: Get an old computer (and seal its Ethernet port with duct tape – this ...
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  • 1,476
12 votes

What privacy or security trade offs are associated with not running your own full node?

Remote Nodes Patches have been made to limit the information leak to a remote node. It does not know what inputs you control, and it does not know what blocks your receiving transactions are from. ...
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  • 8,704
12 votes

What cryptographic assumptions is Monero based on?

Firstly, Monero relies on the safety of Ed25519 (as opposed to secp256k1 for Bitcoin) and EdDSA. Note that if EdDSA/Ed25519 breaks, a lot more than Monero will be impacted, including SSH, Tor, I2P, ...
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  • 6,533
12 votes
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Is it safe to share a daemon with a roommate?

You are asking two different things here: what are the risks in using the same daemon They're typically small, and mostly either privacy leaks or denial of service. Obviously, whoever runs the ...
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  • 34.6k
12 votes
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How do I use cold transaction signing?

You need to have a cold and hot wallet pair for the same account. In the hot wallet, make a transaction. It doesn't have the spend key, so instead of actually sending the transaction to the Monero ...
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  • 34.6k
11 votes

What are the primary differences between Monero and Bitcoin?

A few other security related things that weren't mentioned in the other answers. In contrast to Bitcoin's 10 minute block time, Monero has a 2 minute block time. Additionally, Monero uses a ...
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  • 1,498
11 votes
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Monero private key collision

Well, private spend keys are 64 character hex strings, see here: https://moneroaddress.org That will give you around 1e77 possible private keys. If n is the number of possible private keys, and you ...
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  • 4,373
11 votes
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How to change password on a wallet created with simplewallet?

As far I know, this is not possible. You have to restore you account with simplewallet --restore-deterministic-wallet and give a new password.
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  • 3,339
11 votes
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What are the most secure options for backing up your mnemonic seed?

You could also scrypt your paper wallet. Then use base64 to get the encrypted data in a printable format. This way somebody stealing it will still need a password to get the keys or mnemonic seed and ...
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  • 226
11 votes

What is Monero's mechanism for defending against a double-spend attack?

Double spends are prevented by the use of key images, which are sent along with each output being spent in a transaction, and which are checked for uniqueness before allowing the transaction. In the ...
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  • 34.6k
10 votes

What is the safest method to create a Monero wallet for cold storage?

In essence, the most secure method would be to create a live bootable OS on a USB stick, access it on a machine that is not connected to the internet, and then generate your mnemonic seed and address ...
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10 votes

Can we practically compensate full nodes

Make Monero useful and people will run nodes. You don't need to compensate nodes to give people an incentive to run one, you just need to make Monero intrinsic or a large part of their business. This ...
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10 votes
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Could Monero help me to implement a safe election for a small group of students?

This is possible with a "daughter" project of Monero called URS (Unique Ring Signatures) and was introduced by core-team member tacotime. From the README of the repository: URS can be used ...
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  • 14.9k
10 votes
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Is there any way of changing the password of an existing wallet?

This answer depends on whether your .keys file was compromised as well. If an attacker knows your password and somehow has access to your .keys file he will be able to steal your funds. However, if he ...
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  • 14.9k

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