Monero launches new anonymity tool – Triptych
In the cryptoindustry, user privacy is evolving with several specific projects. One of the privacy engines is, of course, Monero. The famous coin regularly becomes the main character of our articles. But recently, the developers have been silent for a long time, keeping the intrigue before the release of a new tool. Today, the Monero team presented a new Triptych algorithm that will be able to maintain anonymity at a fundamentally new level. Next, we will look at this tool, highlight its key advantages and consider the future of the new algorithm. So let’s get started.
A bit of theory
First of all, you need to delve into the intricacies of the Triptych device. Of course, every nuance of the new algorithm cannot be described, but this is unnecessary. We do not need to delve into the specifics of the code, it is enough to say that the Triptych update is based on the so-called obfuscation. This is a fairly well-known practice, which consists in banal mixing of the code. That is, now the original type of the transaction is shuffled in an absolutely chaotic manner, so that it was impossible to declassify the transfer data.
This is a rather important nuance, because thanks to obfuscation, not only confidentiality increases, but also the speed of the entire system. The blockchain of the coin is becoming much more laconic, now it provides even more “traps” for hackers who will try to break the transaction. It is now almost impossible to get information about the sender and recipient of funds, thanks to Triptych.
However, the introduction of new algorithms has received a mixed response from the community. Experts ask the question: is it possible to trust a system that operates in an absolutely unpredictable manner? Indeed, it is impossible to predict the course of obfuscation, the process occurs according to a closed algorithm based on pure probability theory. This is why, in fact, some problems can arise. In particular, Triptych could spiral out of control and start interfering with the entry of transactions on the Blockchain. However, the work has been going smoothly so far. Let’s see if there is a future for technologies like Triptych.
About Triptych ‘s prospects
At the moment, it is difficult to imagine a coin that surpasses Monero in terms of anonymity, privacy and security. According to the most conservative estimates, 90% of hacking attempts will not be successful, 9 out of 10 hackers will not be able to find information about the participants in the translation. This is a really serious metric, backed up by a host of technologies including Triptych. We have no doubt that this tool will find its place in Monero. Slight skepticism about the new algorithm will eventually be replaced by support and sympathy for a promising tool.
For now, third-party developers doubt that the Triptych implementation made sense in principle. Some believe that the security we’ve described is at such a high level that Triptych is just another update, released to gain attention. However, strengthening cryptocurrency never hurts. You can start using the updated Monero with Triptych today. Try the work of the established algorithm yourself and make your own independent opinion.
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