{"id":12355,"date":"2022-05-14T15:40:52","date_gmt":"2022-05-14T15:40:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/monero-identifies-a-bug-that-compromises-privacy\/"},"modified":"2022-05-14T15:40:52","modified_gmt":"2022-05-14T15:40:52","slug":"monero-identifies-a-bug-that-compromises-privacy","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/monero-identifies-a-bug-that-compromises-privacy\/","title":{"rendered":"Monero identifies a bug that compromises privacy"},"content":{"rendered":"<p><b>(Originally posted on : Technology Archives &#8211; Best Bitcoin Exchange )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Monero\u2019s development team has discovered a bug that could potentially compromise transaction privacy, and the bug is still active at the time of this report<\/strong><\/p>\n<p>Monero has always been known as perhaps the most privacy-centric cryptocurrency in the world. Most people that use the XMR coin do so because of the privacy features it offers them. However, that privacy might now be at risk after a bug was spotted in the coin\u2019s official wallet.<\/p>\n<p>The development team announced that a significant bug had been spotted in Monero\u2019s decoy selection algorithm that may impact users\u2019 transaction\u2019s privacy. They added that if a user spends XMR coins \u201c<em>immediately following the lock time in the first 2 blocks allowable by consensus rules (~20 minutes after receiving funds), then there is a good probability that the output can be identified as the true spend<\/em>.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A rather significant bug has been spotted in Monero&#8217;s decoy selection algorithm that may impact your transaction&#8217;s privacy. Please read this whole thread carefully. Thanks <a href=\"https:\/\/twitter.com\/justinberman95?ref_src=twsrc%5Etfw\">@justinberman95<\/a> for investigating this bug. <\/p>\n<p>1\/6<\/p>\n<p>\u2014 Monero || #xmr (@monero) <a href=\"https:\/\/twitter.com\/monero\/status\/1419852036913475587?ref_src=twsrc%5Etfw\">July 27, 2021<\/a><\/p>\n<\/blockquote>\n<p>However, the team added that the bug doesn\u2019t reveal any information regarding addresses and the transaction amount. Furthermore, user funds are safe in their wallets as the bug doesn\u2019t touch them.<\/p>\n<p>The Monero team added that the bug is still present in the official wallet code, and they are working hard to eliminate it. <em>\u201cUsers can substantially mitigate the risk to their privacy by waiting 1 hour or longer before spending their newly-received Monero until a fix can be added in a future wallet software update. A full network upgrade (hard fork) is not required to address this bug<\/em>,\u201d the developers added.<\/p>\n<p>The problem can be solved via wallet fixes, and the team said it is working hard to ensure it is achieved as soon as possible. Monero prides itself on being one of the leading privacy-focused cryptocurrencies in the world.<\/p>\n<p>It has maintained its privacy-focused features despite coming under pressure from regulators. The pressure forced some <a href=\"https:\/\/www.bestbitcoinexchange.io\/compare\/best-cryptocurrency-exchanges\/\">crypto exchanges<\/a> such as <a href=\"https:\/\/www.nasdaq.com\/articles\/bittrex-to-delist-privacy-coins-monero-dash-and-zcash-2021-01-01#:~:text=Bittrex%20announced%20Friday%20it%20will,%2C%20at%2023%3A00%20UTC.\" target=\"_blank\" rel=\"noopener nofollow\">Bittrex to delist XMR<\/a> and other privacy coins from their platform. XMR\u2019s price is up by 4% over the past 24 hours despite the news of the bug.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/www.bestbitcoinexchange.io\/news\/monero-identifies-a-bug-that-could-compromise-privacy\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Technology Archives &#8211; Best Bitcoin Exchange ) Monero\u2019s development team has discovered a bug that could potentially compromise transaction privacy, and the bug is still active at the time of this report Monero has always been known as perhaps the most privacy-centric cryptocurrency in the world. Most people that use the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":12356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[39],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12355"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12355"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12356"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}