title
How Does Monero Work?

description
Monero is a cryptocurrency that enables private transactions. That means the sender, receiver, and transaction amount are not publicly viewable, unlike Bitcoin's blockchain. Monero's transactions stay private using the technology of ring signatures, ringCT, stealth addresses, and I2P routing. I'll explain how all of this works in this video. I do not condone the use of this technology for illegal transactions. This is powerful stuff, ideally, we start using this as a stepping stone towards a world where we get paid for our transactional data (and all the rest of our data). You'll find the jupyter notebook for this video and the associated code that I demo in the github link below. Code for this video: https://github.com/llSourcell/how_does_monero_work More learning resources: https://getmonero.org/ https://github.com/monero-project/monero https://www.monero.how/tutorial-how-to-use-the-monero-gui-wallet https://www.monero.how/tutorial-how-to-mine-monero https://99bitcoins.com/beginners-guide-to-monero/ Please Subscribe! And like. And comment. That's what keeps me going. Want more inspiration & education? Connect with me: Twitter: https://twitter.com/sirajraval Facebook: https://www.facebook.com/sirajology Instagram: https://www.instagram.com/sirajraval/ Join us in the Wizards Slack channel: http://wizards.herokuapp.com/ And please support me on Patreon: https://www.patreon.com/user?u=3191693 Signup for my newsletter for exciting updates in the field of AI: https://goo.gl/FZzJ5w Hit the Join button above to sign up to become a member of my channel for access to exclusive content! Join my AI community: http://chatgptschool.io/ Sign up for my AI Sports betting Bot, WagerGPT! (500 spots available): https://www.wagergpt.co

detail
{'title': 'How Does Monero Work?', 'heatmap': [{'end': 959.395, 'start': 650.847, 'weight': 0.802}, {'end': 1109.187, 'start': 1040.717, 'weight': 0.83}, {'end': 1347.237, 'start': 1312.736, 'weight': 0.786}], 'summary': "Explains monero's decentralized and private features, highlighting its untraceable nature, lower transaction fees, and faster block time compared to bitcoin. it also explores bitcoin's traceability, anonymity challenges, value of personal data, and monero's anonymity and privacy features, safeguarding users' privacy and providing untraceable transactions.", 'chapters': [{'end': 122.21, 'segs': [{'end': 59.884, 'src': 'embed', 'start': 25.131, 'weight': 0, 'content': [{'end': 32.833, 'text': "The reason I'm talking about it is because you should be able to control your data, and some of your data is Transactional data,", 'start': 25.131, 'duration': 7.702}, {'end': 41.055, 'text': "and currently companies can mine that data for free and use that to make Predictions about what you will buy and what you won't buy,", 'start': 32.833, 'duration': 8.222}, {'end': 43.135, 'text': 'so they can show you ads and stuff like that.', 'start': 41.055, 'duration': 2.08}, {'end': 49.217, 'text': 'But ideally they pay you for this data right, and the only way for them to pay you for that data is if you control it,', 'start': 43.135, 'duration': 6.082}, {'end': 52.519, 'text': "and And the only way you can control it is if it's anonymous.", 'start': 49.217, 'duration': 3.302}, {'end': 56.182, 'text': 'And they have to ask you for permission to see your transaction history.', 'start': 52.799, 'duration': 3.383}, {'end': 59.884, 'text': "Okay, so Monero is the currency I'm going to talk about today.", 'start': 56.642, 'duration': 3.242}], 'summary': 'Control your transactional data, get paid for it, and ensure anonymity with monero currency.', 'duration': 34.753, 'max_score': 25.131, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo25131.jpg'}], 'start': 0.169, 'title': "Monero's features", 'summary': 'Discusses monero, an untraceable cryptocurrency, emphasizing its decentralized and private features, and highlighting the importance of data control and anonymity in transactions.', 'chapters': [{'end': 122.21, 'start': 0.169, 'title': 'Monero: decentralized, private, digital', 'summary': 'Discusses monero, an untraceable cryptocurrency, emphasizing its decentralized, private, and digital features, and highlighting the importance of data control and anonymity in transactions.', 'duration': 122.041, 'highlights': ['Monero is decentralized, digital, and private, ensuring anonymity in transactions, unlike Bitcoin and fiat currency.', 'Monero enables users to control their data and transaction history, emphasizing the importance of data ownership and privacy.', 'Companies can currently mine transactional data for free, making predictions about consumer behavior, underscoring the need for users to be compensated for their data.']}], 'duration': 122.041, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo169.jpg', 'highlights': ['Monero ensures anonymity in transactions, unlike Bitcoin and fiat currency.', 'Monero enables users to control their data and transaction history, emphasizing data ownership and privacy.', 'Companies can currently mine transactional data for free, underscoring the need for users to be compensated for their data.']}, {'end': 308.189, 'segs': [{'end': 150.841, 'src': 'embed', 'start': 122.21, 'weight': 3, 'content': [{'end': 128.074, 'text': "you know, if you just take some gold and give it to someone else, There's no third party involved, so no one can tell anything about that transaction.", 'start': 122.21, 'duration': 5.864}, {'end': 130.734, 'text': 'Okay, so Monero is all three of these things.', 'start': 128.993, 'duration': 1.741}, {'end': 137.916, 'text': 'And there are other cryptocurrencies that are all three of these things, but in terms of popularity, Monero is definitely at the top,', 'start': 131.174, 'duration': 6.742}, {'end': 138.697, 'text': 'right now at least.', 'start': 137.916, 'duration': 0.781}, {'end': 142.138, 'text': "So let's get into this technical analysis of how Monero works.", 'start': 139.077, 'duration': 3.061}, {'end': 145.359, 'text': "I'm gonna talk about all the features of Monero.", 'start': 142.478, 'duration': 2.881}, {'end': 150.841, 'text': "I'm gonna talk about how you can mine it, I'm gonna talk about how you can buy it, and mostly this is a technical talk.", 'start': 145.359, 'duration': 5.482}], 'summary': 'Monero is a popular cryptocurrency known for its privacy, mining, and technical features.', 'duration': 28.631, 'max_score': 122.21, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo122210.jpg'}, {'end': 209.119, 'src': 'embed', 'start': 178.236, 'weight': 0, 'content': [{'end': 179.758, 'text': "They're both digital currencies.", 'start': 178.236, 'duration': 1.522}, {'end': 182.56, 'text': 'They both have a transaction fee.', 'start': 180.738, 'duration': 1.822}, {'end': 185.242, 'text': "However, Monero's is much less than Bitcoin's.", 'start': 182.62, 'duration': 2.622}, {'end': 188.825, 'text': "I don't know what is Bitcoin's now, like $20 a transaction? Just crazy.", 'start': 185.262, 'duration': 3.563}, {'end': 189.786, 'text': "That's crazy.", 'start': 189.105, 'duration': 0.681}, {'end': 194.23, 'text': 'Block time is much faster for Monero.', 'start': 190.667, 'duration': 3.563}, {'end': 199.514, 'text': 'But the real difference here, the real key difference is the trackable factor.', 'start': 194.57, 'duration': 4.944}, {'end': 202.937, 'text': "Monero is untraceable and it's unlinkable.", 'start': 199.994, 'duration': 2.943}, {'end': 203.818, 'text': 'Bitcoin is not.', 'start': 203.117, 'duration': 0.701}, {'end': 209.119, 'text': "I'm going to go into the details of what I mean, like really into the details, so stick around.", 'start': 204.398, 'duration': 4.721}], 'summary': 'Monero has lower transaction fees, faster block time, and is untraceable compared to bitcoin.', 'duration': 30.883, 'max_score': 178.236, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo178236.jpg'}, {'end': 286.456, 'src': 'embed', 'start': 227.603, 'weight': 4, 'content': [{'end': 238.049, 'text': 'Okay, you can send Bitcoin by literally only pointing that transaction back to a previous transaction in the chain of blocks Right a blockchain.', 'start': 227.603, 'duration': 10.446}, {'end': 239.59, 'text': "That's the only way.", 'start': 238.149, 'duration': 1.441}, {'end': 248.356, 'text': 'and that, and so your transaction, when you make one in the Bitcoin network, points back to every Transaction that came before it,', 'start': 239.59, 'duration': 8.766}, {'end': 250.758, 'text': 'all the way back to the coin base Transaction.', 'start': 248.356, 'duration': 2.402}, {'end': 255.562, 'text': 'the coin base transaction is that transaction that occurs when a minor, and only a minor,', 'start': 250.758, 'duration': 4.804}, {'end': 259.425, 'text': 'can make a coin base transaction Receives a reward for mining some blocks.', 'start': 255.562, 'duration': 3.863}, {'end': 260.426, 'text': "so it's like Bitcoin.", 'start': 259.425, 'duration': 1.001}, {'end': 266.131, 'text': 'that comes from nothing, but I mean it comes as reward for Performing the proof-of-work algorithm.', 'start': 260.426, 'duration': 5.705}, {'end': 271.976, 'text': 'but right, so you can trace any transaction back all the way to the coin base transaction and the Bitcoin network.', 'start': 266.131, 'duration': 5.845}, {'end': 275.584, 'text': 'and And you might be saying well, how am I able to do this?', 'start': 271.976, 'duration': 3.608}, {'end': 280.055, 'text': 'Well, it turns out that you can look up any transaction in the blockchain explorer.', 'start': 275.945, 'duration': 4.11}, {'end': 283.795, 'text': "So that's that.", 'start': 282.734, 'duration': 1.061}, {'end': 286.456, 'text': 'And this can be hard to do manually, right?', 'start': 284.295, 'duration': 2.161}], 'summary': 'Bitcoin transactions can be traced back to the coin base transaction, and this can be done using a blockchain explorer.', 'duration': 58.853, 'max_score': 227.603, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo227603.jpg'}], 'start': 122.21, 'title': 'Monero and bitcoin features', 'summary': "Covers monero's unique features, popularity, and differences from bitcoin, emphasizing its untraceable and unlinkable nature, lower transaction fees, and faster block time. it also delves into bitcoin's traceability, highlighting the ability to trace transactions back to the coin base transaction in the blockchain and the use of blockchain explorer.", 'chapters': [{'end': 203.818, 'start': 122.21, 'title': 'Monero: private, secure, and popular cryptocurrency', 'summary': 'Discusses the unique features of monero, its popularity, and key differences from bitcoin, highlighting its untraceable and unlinkable nature, with a much lower transaction fee and faster block time.', 'duration': 81.608, 'highlights': ['Monero is untraceable and unlinkable, making it more private and secure than Bitcoin, with a much lower transaction fee and faster block time.', "Monero's transaction fee is much less than Bitcoin's, making it a more cost-effective option for users.", "Monero's fast block time provides quicker transaction confirmations compared to Bitcoin.", 'Monero is currently one of the most popular cryptocurrencies due to its unique features and high level of privacy and security.']}, {'end': 308.189, 'start': 204.398, 'title': 'Bitcoin traceability and blockchain explorer', 'summary': 'Discusses the traceability of bitcoin transactions, highlighting that any transaction can be traced back to the coin base transaction in the blockchain, and the use of blockchain explorer for this purpose.', 'duration': 103.791, 'highlights': ['Bitcoin transactions are traceable back to the coin base transaction, providing transparency and accountability in the network.', 'The coin base transaction occurs when a miner receives a reward for mining blocks through the proof-of-work algorithm, contributing to the creation of new Bitcoin.', 'The use of a blockchain explorer allows users to look up any transaction, despite the increasing complexity as more nodes are added to the network.']}], 'duration': 185.979, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo122210.jpg', 'highlights': ['Monero is untraceable and unlinkable, making it more private and secure than Bitcoin, with a much lower transaction fee and faster block time.', "Monero's transaction fee is much less than Bitcoin's, making it a more cost-effective option for users.", "Monero's fast block time provides quicker transaction confirmations compared to Bitcoin.", 'Monero is currently one of the most popular cryptocurrencies due to its unique features and high level of privacy and security.', 'Bitcoin transactions are traceable back to the coin base transaction, providing transparency and accountability in the network.', 'The coin base transaction occurs when a miner receives a reward for mining blocks through the proof-of-work algorithm, contributing to the creation of new Bitcoin.', 'The use of a blockchain explorer allows users to look up any transaction, despite the increasing complexity as more nodes are added to the network.']}, {'end': 547, 'segs': [{'end': 339.478, 'src': 'embed', 'start': 308.189, 'weight': 0, 'content': [{'end': 312.092, 'text': 'it gets harder and harder and harder to tell where that transaction originated from.', 'start': 308.189, 'duration': 3.903}, {'end': 319.138, 'text': "If you don't believe me when I say that Bitcoin is traceable, Just ask the founder of Silk Road, the online dark web market,", 'start': 312.872, 'duration': 6.266}, {'end': 321.04, 'text': 'for selling illegal items.', 'start': 319.138, 'duration': 1.902}, {'end': 327.826, 'text': 'There are people literally sitting in jail right now because Bitcoin is in fact a very, very traceable system.', 'start': 321.04, 'duration': 6.786}, {'end': 329.467, 'text': 'Okay so, Silk Road.', 'start': 328.466, 'duration': 1.001}, {'end': 331.489, 'text': "I mean there's this whole story about Silk Road.", 'start': 329.507, 'duration': 1.982}, {'end': 333.652, 'text': 'They should definitely make a movie about it.', 'start': 331.489, 'duration': 2.163}, {'end': 339.478, 'text': "The guy was ordering hits on people and he was doing all this crazy stuff, Which I don't condone, and I don't think it's cool.", 'start': 333.652, 'duration': 5.826}], 'summary': "Bitcoin transactions are traceable, as seen with silk road's founder and illegal activities.", 'duration': 31.289, 'max_score': 308.189, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo308189.jpg'}, {'end': 438.58, 'src': 'embed', 'start': 393.67, 'weight': 2, 'content': [{'end': 395.752, 'text': 'So remember, Bitcoin is not anonymous.', 'start': 393.67, 'duration': 2.082}, {'end': 404.1, 'text': "It's pseudonymous, meaning even if someone traces back the trail of transactions back to you, that is still your public address.", 'start': 396.032, 'duration': 8.068}, {'end': 407.063, 'text': 'That public address says nothing about your identity.', 'start': 404.7, 'duration': 2.363}, {'end': 411.328, 'text': "It's not like the word Suraj is embedded in my public address right?", 'start': 407.123, 'duration': 4.205}, {'end': 412.81, 'text': 'So how can you tell ownership?', 'start': 411.368, 'duration': 1.442}, {'end': 419.537, 'text': "Well, there's a variety of ways, IP addresses you know, finding the endpoints of.", 'start': 412.83, 'duration': 6.707}, {'end': 420.018, 'text': "I'll talk about it.", 'start': 419.537, 'duration': 0.481}, {'end': 421.319, 'text': 'Let me show you this.', 'start': 420.178, 'duration': 1.141}, {'end': 423.902, 'text': 'So there are three ways to attempt anonymous transactions.', 'start': 421.66, 'duration': 2.242}, {'end': 429.252, 'text': 'The first way is to create a new wallet after every transaction.', 'start': 425.069, 'duration': 4.183}, {'end': 432.675, 'text': 'And Coinbase.com does this by default.', 'start': 429.493, 'duration': 3.182}, {'end': 438.58, 'text': 'But as soon as that money is used, that endpoint person could be squeezed for information.', 'start': 433.636, 'duration': 4.944}], 'summary': 'Bitcoin is pseudonymous, allowing anonymous transactions through creating new wallets, but traceability remains.', 'duration': 44.91, 'max_score': 393.67, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo393670.jpg'}, {'end': 489.308, 'src': 'embed', 'start': 459.467, 'weight': 4, 'content': [{'end': 461.929, 'text': 'give me the information and then they can trace it back to you.', 'start': 459.467, 'duration': 2.462}, {'end': 465.17, 'text': 'Another way is to wash your money through a tumbler.', 'start': 462.529, 'duration': 2.641}, {'end': 472.533, 'text': 'And a tumbler is a service that aggregates your money with many other funds and then sweeps them through large financial institutions.', 'start': 465.19, 'duration': 7.343}, {'end': 478.035, 'text': 'So if I send money to a tumbler service, other people send money to that tumbler service.', 'start': 473.053, 'duration': 4.982}, {'end': 481.317, 'text': 'those funds are then aggregated together and then split up into little amounts.', 'start': 478.035, 'duration': 3.282}, {'end': 484.941, 'text': "and then they're sent out through these different gateways.", 'start': 481.937, 'duration': 3.004}, {'end': 489.308, 'text': "So it's very hard to tell who originated a transaction.", 'start': 485.482, 'duration': 3.826}], 'summary': 'Money laundering through tumblers aggregates and splits funds to obfuscate transaction origins.', 'duration': 29.841, 'max_score': 459.467, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo459467.jpg'}, {'end': 547, 'src': 'embed', 'start': 501.098, 'weight': 5, 'content': [{'end': 506.161, 'text': 'You know, a basketball court, a House, a car,', 'start': 501.098, 'duration': 5.063}, {'end': 511.364, 'text': 'and then transferring that money back to Bitcoin or another currency and just doing that over and over again.', 'start': 506.161, 'duration': 5.203}, {'end': 512.945, 'text': 'But that is illegal.', 'start': 511.364, 'duration': 1.581}, {'end': 516.288, 'text': 'and yeah, so these are all not good methods.', 'start': 512.945, 'duration': 3.343}, {'end': 520.309, 'text': "They're possible methods, but they're mostly illegal and you will get caught.", 'start': 516.288, 'duration': 4.021}, {'end': 525.195, 'text': 'Okay. So again, is it untraceability only good for criminals?', 'start': 520.309, 'duration': 4.886}, {'end': 527.818, 'text': 'no, no, it is good for criminals.', 'start': 525.195, 'duration': 2.623}, {'end': 532.563, 'text': 'Yes, so with PayPal in the early days, so was Bitcoin in the early days.', 'start': 527.818, 'duration': 4.745}, {'end': 538.069, 'text': 'but there are legitimate use cases For non criminals like us, right.', 'start': 532.563, 'duration': 5.506}, {'end': 540.792, 'text': 'so distributed online payment vulnerability is an example.', 'start': 538.069, 'duration': 2.723}, {'end': 547, 'text': 'so Target right, target to the the corporation or you know any of these corporations.', 'start': 540.792, 'duration': 6.208}], 'summary': 'Transferring money illegally using untraceable methods like bitcoin is not recommended as it can lead to getting caught. legitimate use cases exist for distributed online payment vulnerability.', 'duration': 45.902, 'max_score': 501.098, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo501098.jpg'}], 'start': 308.189, 'title': 'Bitcoin traceability and anonymity', 'summary': "Explores the traceability of bitcoin through the example of silk road founder's arrest, and discusses the challenges of anonymous transactions, emphasizing legitimate use cases despite its association with criminal activities.", 'chapters': [{'end': 346.645, 'start': 308.189, 'title': 'Bitcoin traceability', 'summary': "Highlights the traceability of bitcoin, citing the example of silk road founder's arrest and imprisonment due to the traceability of bitcoin transactions.", 'duration': 38.456, 'highlights': ['Bitcoin is traceable, as evidenced by the arrest and imprisonment of Silk Road founder for illegal activities facilitated by Bitcoin transactions.', 'The founder of Silk Road, an online dark web market, was incarcerated due to the traceability of Bitcoin transactions.']}, {'end': 547, 'start': 348.49, 'title': 'Cryptocurrency anonymity and legitimate use cases', 'summary': 'Discusses the challenges and methods of attempting anonymous transactions in bitcoin, highlighting the limitations and potential legal implications, emphasizing the legitimate use cases for cryptocurrency despite its association with criminal activities.', 'duration': 198.51, 'highlights': ['Bitcoin is not anonymous but pseudonymous, making it possible to trace back the trail of transactions, which poses a challenge for attempting anonymous transactions.', 'Creating a new wallet after every transaction is one method to attempt anonymous transactions, albeit with the risk of the endpoint person being traced back to the originator.', 'Using a tumbler service to aggregate and sweep funds through large financial institutions is another method, but it may be deemed supporting evidence for criminal intent in a court of law.', 'Washing money by purchasing real-world assets and transferring the money back to Bitcoin or another currency is highlighted as an illegal method with potential legal consequences.', 'The legitimate use cases for cryptocurrency are emphasized, such as distributed online payment vulnerability and examples like Target, highlighting the potential for non-criminal applications of cryptocurrencies.']}], 'duration': 238.811, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo308189.jpg', 'highlights': ['Bitcoin is traceable, as evidenced by the arrest and imprisonment of Silk Road founder for illegal activities facilitated by Bitcoin transactions.', 'The founder of Silk Road, an online dark web market, was incarcerated due to the traceability of Bitcoin transactions.', 'Bitcoin is not anonymous but pseudonymous, making it possible to trace back the trail of transactions, which poses a challenge for attempting anonymous transactions.', 'Creating a new wallet after every transaction is one method to attempt anonymous transactions, albeit with the risk of the endpoint person being traced back to the originator.', 'Using a tumbler service to aggregate and sweep funds through large financial institutions is another method, but it may be deemed supporting evidence for criminal intent in a court of law.', 'Washing money by purchasing real-world assets and transferring the money back to Bitcoin or another currency is highlighted as an illegal method with potential legal consequences.', 'The legitimate use cases for cryptocurrency are emphasized, such as distributed online payment vulnerability and examples like Target, highlighting the potential for non-criminal applications of cryptocurrencies.']}, {'end': 658.415, 'segs': [{'end': 615.575, 'src': 'embed', 'start': 584.14, 'weight': 0, 'content': [{'end': 591.904, 'text': 'but the point is that if your your transaction history is anonymous and Then they have to ask you for it, which means they have to pay you for it,', 'start': 584.14, 'duration': 7.764}, {'end': 596.545, 'text': "And as you're getting these payments from all these different institutions for your data,", 'start': 592.364, 'duration': 4.181}, {'end': 599.906, 'text': "you're making something like a basic income right? Just from your data.", 'start': 596.545, 'duration': 3.361}, {'end': 601.147, 'text': "And that's where we're headed.", 'start': 600.246, 'duration': 0.901}, {'end': 605.908, 'text': "And that's the reason we'd want to use an anonymous currency like Monero, for example.", 'start': 601.327, 'duration': 4.581}, {'end': 613.155, 'text': 'Right, so if a user visits an online shop, the online shop collects user data, and then an algorithm predicts purchase probability.', 'start': 607.273, 'duration': 5.882}, {'end': 615.575, 'text': 'You should be paid for this, in short.', 'start': 613.655, 'duration': 1.92}], 'summary': 'Anonymous transaction history can lead to earning a basic income from data sales, using currencies like monero.', 'duration': 31.435, 'max_score': 584.14, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo584140.jpg'}, {'end': 674.372, 'src': 'embed', 'start': 638.514, 'weight': 2, 'content': [{'end': 642.578, 'text': 'so first Buddha coin and then paladin coin, Bullberry, and then Monero.', 'start': 638.514, 'duration': 4.064}, {'end': 644.601, 'text': 'and then Monero was the one that really took off.', 'start': 642.578, 'duration': 2.023}, {'end': 648.165, 'text': 'and Monero, I think, is number 10 right now on coin market cap calm.', 'start': 644.601, 'duration': 3.564}, {'end': 650.847, 'text': "It's a, I think, seven billion dollar market cap.", 'start': 648.705, 'duration': 2.142}, {'end': 655.552, 'text': "So it's a lot of money, and all of these currencies that follows were offshoots of Monero.", 'start': 650.847, 'duration': 4.705}, {'end': 658.415, 'text': 'They were forks of Monero with added features.', 'start': 655.552, 'duration': 2.863}, {'end': 663.421, 'text': 'but Monero is really the most stable and the most popular of the anonymous currencies out there.', 'start': 658.415, 'duration': 5.006}, {'end': 674.372, 'text': 'Okay, so Crypto note transactions cannot be followed through the blockchain in a way that reveals who sent or received addresses.', 'start': 663.421, 'duration': 10.951}], 'summary': 'Monero has a $7 billion market cap, ranked 10th on coinmarketcap, and is the most stable and popular anonymous currency.', 'duration': 35.858, 'max_score': 638.514, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo638514.jpg'}], 'start': 547, 'title': 'The value of personal data and decentralized applications', 'summary': 'Emphasizes the potential for individuals to earn a basic income from their transaction data, the importance of anonymous currencies like monero, and the evolution of the crypto note protocol from bytecoin to monero.', 'chapters': [{'end': 658.415, 'start': 547, 'title': 'Value of personal data and decentralized applications', 'summary': 'Emphasizes the value of personal data in the digital world, highlighting the potential for individuals to earn a basic income from their transaction data, the importance of anonymous currencies like monero, and the evolution of the crypto note protocol from bytecoin to monero.', 'duration': 111.415, 'highlights': ['Individuals can potentially earn a basic income from their transaction data by receiving payments from different institutions as their data becomes more valuable in the digital world. Potential for individuals to earn a basic income from their transaction data.', 'The importance of using an anonymous currency like Monero is emphasized, as it allows users to be compensated for their data when it is collected by online shops and used for predictive analytics. Importance of using anonymous currency like Monero to be compensated for data.', 'The evolution of the crypto note protocol from bytecoin to Monero is discussed, highlighting the emergence of offshoots such as Buddha coin, paladin coin, Bullberry, and the significant market cap of Monero, currently at seven billion dollars. Evolution of crypto note protocol from bytecoin to Monero and its offshoots.']}], 'duration': 111.415, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo547000.jpg', 'highlights': ['Individuals can potentially earn a basic income from their transaction data by receiving payments from different institutions as their data becomes more valuable in the digital world.', 'The importance of using an anonymous currency like Monero is emphasized, as it allows users to be compensated for their data when it is collected by online shops and used for predictive analytics.', 'The evolution of the crypto note protocol from bytecoin to Monero is discussed, highlighting the emergence of offshoots such as Buddha coin, paladin coin, Bullberry, and the significant market cap of Monero, currently at seven billion dollars.']}, {'end': 982.154, 'segs': [{'end': 721.038, 'src': 'embed', 'start': 658.415, 'weight': 0, 'content': [{'end': 663.421, 'text': 'but Monero is really the most stable and the most popular of the anonymous currencies out there.', 'start': 658.415, 'duration': 5.006}, {'end': 674.372, 'text': 'Okay, so Crypto note transactions cannot be followed through the blockchain in a way that reveals who sent or received addresses.', 'start': 663.421, 'duration': 10.951}, {'end': 682.314, 'text': 'So Monero is a version of crypto note that hides the sender, the amount, the transaction broadcast and the receiver.', 'start': 674.372, 'duration': 7.942}, {'end': 687.675, 'text': "so the sender is made anonymous through the use of what are called ring signatures, which I'll explain,", 'start': 682.314, 'duration': 5.361}, {'end': 695.941, 'text': 'and the amount through ring confidential transactions, the transaction broadcasts, like the location of where you are, your IP address,', 'start': 687.675, 'duration': 8.266}, {'end': 701.305, 'text': 'et cetera through an I2P router called Covery and the receiver through the use of stealth addresses.', 'start': 695.941, 'duration': 5.364}, {'end': 703.626, 'text': "Now I'm gonna explain how all four of these things work.", 'start': 701.325, 'duration': 2.301}, {'end': 705.248, 'text': "Okay, so let's get into this.", 'start': 703.867, 'duration': 1.381}, {'end': 707.629, 'text': 'Right, so Monero has a lot of features.', 'start': 706.028, 'duration': 1.601}, {'end': 713.133, 'text': 'The two main ones that really matter that make it unique are untraceability and unlinkability.', 'start': 707.669, 'duration': 5.464}, {'end': 721.038, 'text': 'Unlinkability means if I have a public address in the Monero network, no transaction can be linked back to that public address.', 'start': 713.693, 'duration': 7.345}], 'summary': 'Monero is the most stable and popular anonymous currency, offering untraceability and unlinkability.', 'duration': 62.623, 'max_score': 658.415, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo658415.jpg'}, {'end': 836.488, 'src': 'embed', 'start': 810.655, 'weight': 3, 'content': [{'end': 815.477, 'text': "Not my public key, not the receiver's public key, but that commitment public key.", 'start': 810.655, 'duration': 4.822}, {'end': 822.502, 'text': 'And so that public address will never appear, so your public address will never appear in the public record of transactions.', 'start': 816.457, 'duration': 6.045}, {'end': 829.629, 'text': 'Instead, a stealth address is recorded in a way that only you and the recipient can recognize the incoming funds.', 'start': 822.963, 'duration': 6.666}, {'end': 836.488, 'text': 'So when the recipient checks for funds, they need to scan the blockchain to see if any transactions are destined for them.', 'start': 831.041, 'duration': 5.447}], 'summary': 'Stealth addresses ensure privacy by concealing public addresses in transactions.', 'duration': 25.833, 'max_score': 810.655, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo810655.jpg'}, {'end': 946.612, 'src': 'embed', 'start': 921.175, 'weight': 1, 'content': [{'end': 928.601, 'text': "But in Monero, when you, when you receive an input, it's not just one input that you're receiving, It's there several and they're all linked together.", 'start': 921.175, 'duration': 7.426}, {'end': 935.747, 'text': "so as a ring and all of these us, all of these inputs are signed using using what's called a ring signature,", 'start': 928.601, 'duration': 7.146}, {'end': 939.829, 'text': 'and And then any input is gonna be linked to more than one previous transaction.', 'start': 935.747, 'duration': 4.082}, {'end': 946.612, 'text': "So no one will be able to tell who that input originated from because it's a part of a ring of transactions.", 'start': 940.309, 'duration': 6.303}], 'summary': 'In monero, inputs are linked together in a ring, making it impossible to trace their origin.', 'duration': 25.437, 'max_score': 921.175, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo921175.jpg'}], 'start': 658.415, 'title': "Monero's anonymity and privacy features", 'summary': "Delves into how monero ensures anonymity and privacy through features such as ring signatures, confidential transactions, i2p router, and stealth addresses, safeguarding users' privacy and providing untraceable transactions.", 'chapters': [{'end': 703.626, 'start': 658.415, 'title': 'Monero: the most popular anonymous currency', 'summary': 'Explains how monero, a version of cryptonote, provides anonymity through ring signatures and confidential transactions, transaction broadcasts via i2p router, and stealth addresses.', 'duration': 45.211, 'highlights': ['Monero is the most stable and the most popular of the anonymous currencies out there.', 'Crypto note transactions cannot be followed through the blockchain in a way that reveals who sent or received addresses.', 'Monero hides the sender through ring signatures, the amount through ring confidential transactions, the transaction broadcast through an I2P router called Covery, and the receiver through stealth addresses.']}, {'end': 982.154, 'start': 703.867, 'title': "Monero's untraceability and unlinkability", 'summary': 'Explains how monero provides untraceability and unlinkability through the use of stealth addresses and ring signatures, making transactions unlinked and untraceable, thus ensuring privacy and anonymity for users.', 'duration': 278.287, 'highlights': ["Monero uses stealth addresses to provide unlinkability, ensuring that transactions cannot be linked back to a public address, thus preserving user privacy and anonymity. Monero's use of stealth addresses ensures that transactions cannot be linked back to a public address, preserving user privacy and anonymity.", "Monero's ring signatures make transactions untraceable by linking multiple inputs together, preventing the identification of the origin of a transaction and ensuring user anonymity. Monero's ring signatures link multiple inputs together, preventing the identification of the origin of a transaction and ensuring user anonymity.", "The use of ring signatures in Monero ensures that no one can tell who the input of a transaction originated from, as inputs are part of a ring of transactions, providing an additional layer of privacy and anonymity. Monero's use of ring signatures ensures that inputs are part of a ring of transactions, preventing the identification of the origin of a transaction and providing an additional layer of privacy and anonymity.", "Monero's stealth addresses ensure that the receiver's public address will never appear in the public record of transactions, thus maintaining the privacy of the recipient. Monero's stealth addresses ensure that the receiver's public address will never appear in the public record of transactions, maintaining the privacy of the recipient."]}], 'duration': 323.739, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo658415.jpg', 'highlights': ['Monero hides the sender through ring signatures, the amount through ring confidential transactions, the transaction broadcast through an I2P router called Covery, and the receiver through stealth addresses.', "Monero's ring signatures make transactions untraceable by linking multiple inputs together, preventing the identification of the origin of a transaction and ensuring user anonymity.", "Monero's use of ring signatures ensures that inputs are part of a ring of transactions, preventing the identification of the origin of a transaction and providing an additional layer of privacy and anonymity.", "Monero's stealth addresses ensure that the receiver's public address will never appear in the public record of transactions, maintaining the privacy of the recipient.", 'Monero uses stealth addresses to provide unlinkability, ensuring that transactions cannot be linked back to a public address, thus preserving user privacy and anonymity.', 'Crypto note transactions cannot be followed through the blockchain in a way that reveals who sent or received addresses.', 'Monero is the most stable and the most popular of the anonymous currencies out there.']}, {'end': 1384.649, 'segs': [{'end': 1083.452, 'src': 'embed', 'start': 1040.717, 'weight': 1, 'content': [{'end': 1046.122, 'text': 'And so once we have selected the other inputs, we need to finish creating the ring CT ring signature.', 'start': 1040.717, 'duration': 5.405}, {'end': 1051.046, 'text': 'So the ring CT ring signature is used to hide the amount that is spent.', 'start': 1046.462, 'duration': 4.584}, {'end': 1060.153, 'text': 'The ring signature hides the sender, the stealth address hides the receiver, and the ring CT ring signature hides the amount that is being sent.', 'start': 1051.346, 'duration': 8.807}, {'end': 1068, 'text': 'So you sign it in such a way that all these inputs appear to be the real one used, and this signature includes several other important elements.', 'start': 1060.634, 'duration': 7.366}, {'end': 1072.403, 'text': 'So this is a more detailed view of what a transaction looks like in the Monero network.', 'start': 1068.3, 'duration': 4.103}, {'end': 1080.01, 'text': 'So when I make a transaction, there are up to six other transactions that are added to the ring.', 'start': 1073.164, 'duration': 6.846}, {'end': 1083.452, 'text': 'All these rings are signed using a ring signature.', 'start': 1080.51, 'duration': 2.942}], 'summary': 'Monero transactions use ring ct ring signature to hide spent amount and sender.', 'duration': 42.735, 'max_score': 1040.717, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo1040717.jpg'}, {'end': 1130.761, 'src': 'heatmap', 'start': 1040.717, 'weight': 3, 'content': [{'end': 1046.122, 'text': 'And so once we have selected the other inputs, we need to finish creating the ring CT ring signature.', 'start': 1040.717, 'duration': 5.405}, {'end': 1051.046, 'text': 'So the ring CT ring signature is used to hide the amount that is spent.', 'start': 1046.462, 'duration': 4.584}, {'end': 1060.153, 'text': 'The ring signature hides the sender, the stealth address hides the receiver, and the ring CT ring signature hides the amount that is being sent.', 'start': 1051.346, 'duration': 8.807}, {'end': 1068, 'text': 'So you sign it in such a way that all these inputs appear to be the real one used, and this signature includes several other important elements.', 'start': 1060.634, 'duration': 7.366}, {'end': 1072.403, 'text': 'So this is a more detailed view of what a transaction looks like in the Monero network.', 'start': 1068.3, 'duration': 4.103}, {'end': 1080.01, 'text': 'So when I make a transaction, there are up to six other transactions that are added to the ring.', 'start': 1073.164, 'duration': 6.846}, {'end': 1083.452, 'text': 'All these rings are signed using a ring signature.', 'start': 1080.51, 'duration': 2.942}, {'end': 1088.717, 'text': 'And importantly, very critically, a key image is created from all of these transactions.', 'start': 1083.853, 'duration': 4.864}, {'end': 1090.999, 'text': 'That key image is one hash.', 'start': 1089.257, 'duration': 1.742}, {'end': 1095.301, 'text': "and it's given to the network as proof that the signature was created appropriately.", 'start': 1091.539, 'duration': 3.762}, {'end': 1100.263, 'text': 'The network verifies that this image has not been used before to prevent double spending.', 'start': 1095.681, 'duration': 4.582}, {'end': 1104.625, 'text': "So it's got a list in the blockchain of all of these key images, and it'll look for a match.", 'start': 1100.523, 'duration': 4.102}, {'end': 1109.187, 'text': "Has this key image been sent before? Yes, okay, it's double spending, you can't do it.", 'start': 1104.945, 'duration': 4.242}, {'end': 1111.828, 'text': 'No, this is a valid transaction, go ahead.', 'start': 1109.527, 'duration': 2.301}, {'end': 1116.47, 'text': "And so that's how double spending is prevented, using the key image.", 'start': 1112.168, 'duration': 4.302}, {'end': 1118.551, 'text': 'Next is the Peterson commitment.', 'start': 1117.03, 'duration': 1.521}, {'end': 1122.574, 'text': 'So this is used to prevent other people from knowing how much is actually being spent.', 'start': 1118.971, 'duration': 3.603}, {'end': 1130.761, 'text': "So it's a formula, right? So you have the actual amount that is spent, A, it's multiplied by a random number and this constant value here.", 'start': 1122.914, 'duration': 7.847}], 'summary': 'Monero transactions use ring signatures to hide sender, stealth addresses to hide receiver, and ring ct ring signature to hide the amount. key images are used to prevent double spending, and peterson commitment is used to prevent revealing the spent amount.', 'duration': 90.044, 'max_score': 1040.717, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo1040717.jpg'}, {'end': 1291.866, 'src': 'embed', 'start': 1260.687, 'weight': 0, 'content': [{'end': 1262.269, 'text': 'And you can view its progress on GitHub.', 'start': 1260.687, 'duration': 1.582}, {'end': 1263.75, 'text': "It's all public and open source.", 'start': 1262.289, 'duration': 1.461}, {'end': 1270.446, 'text': "But it's double spending proof, right? Because we talked about that key image that the whole blockchain has a copy of.", 'start': 1265.219, 'duration': 5.227}, {'end': 1273.27, 'text': "And it's blockchain analysis resistant.", 'start': 1271.107, 'duration': 2.163}, {'end': 1279.578, 'text': "Not completely, nothing is, but it's the most blockchain analysis resistant cryptocurrency that exists currently.", 'start': 1273.77, 'duration': 5.808}, {'end': 1284.722, 'text': "Yeah, so this is a huge, high level overview of everything I've talked about.", 'start': 1280.879, 'duration': 3.843}, {'end': 1286.943, 'text': 'if you want to go into more details, really look into this.', 'start': 1284.722, 'duration': 2.221}, {'end': 1291.866, 'text': 'But yeah, those four components are really the the key features of of Monero.', 'start': 1286.943, 'duration': 4.923}], 'summary': 'Monero is double spending proof, blockchain analysis resistant, and its progress can be viewed on github.', 'duration': 31.179, 'max_score': 1260.687, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo1260687.jpg'}, {'end': 1347.237, 'src': 'heatmap', 'start': 1312.736, 'weight': 0.786, 'content': [{'end': 1315.957, 'text': "okay, in terms of how to buy monero, i've got this great link here.", 'start': 1312.736, 'duration': 3.221}, {'end': 1319.618, 'text': "um, it's in the jupiter notebook in the github description, so check it out.", 'start': 1315.957, 'duration': 3.661}, {'end': 1323.639, 'text': 'but changely is, um, the best site i found to buy monero.', 'start': 1319.618, 'duration': 4.021}, {'end': 1327.641, 'text': "you can buy it using visa or mastercard, um, there's.", 'start': 1323.639, 'duration': 4.002}, {'end': 1333.302, 'text': 'uh, you can buy it with bitcoin, uh, and you can buy it with even us dollar, if you.', 'start': 1327.641, 'duration': 5.661}, {'end': 1335.343, 'text': 'so please, or doge or all these currencies.', 'start': 1333.302, 'duration': 2.041}, {'end': 1337.064, 'text': 'so definitely check out this website.', 'start': 1335.343, 'duration': 1.721}, {'end': 1341.669, 'text': 'changely, And to mine Monero.', 'start': 1337.064, 'duration': 4.605}, {'end': 1347.237, 'text': 'I found this really great Python repository that you can clone in Docker.', 'start': 1341.669, 'duration': 5.568}], 'summary': "Changely is the best site to buy monero using visa, mastercard, bitcoin, or usd. also, there's a python repository for mining monero.", 'duration': 34.501, 'max_score': 1312.736, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo1312736.jpg'}, {'end': 1347.237, 'src': 'embed', 'start': 1319.618, 'weight': 4, 'content': [{'end': 1323.639, 'text': 'but changely is, um, the best site i found to buy monero.', 'start': 1319.618, 'duration': 4.021}, {'end': 1327.641, 'text': "you can buy it using visa or mastercard, um, there's.", 'start': 1323.639, 'duration': 4.002}, {'end': 1333.302, 'text': 'uh, you can buy it with bitcoin, uh, and you can buy it with even us dollar, if you.', 'start': 1327.641, 'duration': 5.661}, {'end': 1335.343, 'text': 'so please, or doge or all these currencies.', 'start': 1333.302, 'duration': 2.041}, {'end': 1337.064, 'text': 'so definitely check out this website.', 'start': 1335.343, 'duration': 1.721}, {'end': 1341.669, 'text': 'changely, And to mine Monero.', 'start': 1337.064, 'duration': 4.605}, {'end': 1347.237, 'text': 'I found this really great Python repository that you can clone in Docker.', 'start': 1341.669, 'duration': 5.568}], 'summary': 'Changelly is the best site to buy monero, accepts visa, mastercard, bitcoin, and usd. also offers a python repository for monero mining.', 'duration': 27.619, 'max_score': 1319.618, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo1319618.jpg'}], 'start': 982.154, 'title': "Monero's privacy features", 'summary': "Covers monero's privacy features, such as ring signatures for sender anonymity, ring ct for amount concealment, peterson commitment for value hiding, and resistance to blockchain analysis. it also includes guidance on purchasing and mining monero.", 'chapters': [{'end': 1122.574, 'start': 982.154, 'title': 'Monero transaction privacy', 'summary': 'Explains the privacy features in a monero transaction, including the use of ring signatures to hide the sender, the ring ct ring signature to hide the amount being sent, and the key image to prevent double spending.', 'duration': 140.42, 'highlights': ['The chapter explains the use of ring signatures in Monero transactions, where selected inputs are linked together in a ring and signed using a ring signature to hide the real sender.', 'It details the use of ring CT ring signature to hide the amount being spent in a Monero transaction, adding a layer of privacy by concealing the transaction amount.', 'It highlights the key image created from transactions as proof of appropriate signature creation, which is verified by the network to prevent double spending, thus ensuring transaction security.', 'The chapter also mentions the use of Peterson commitment to prevent others from knowing the exact amount being spent, adding another layer of privacy to Monero transactions.']}, {'end': 1260.387, 'start': 1122.914, 'title': 'Monero transactions and privacy', 'summary': 'Explains the peterson commitment in monero transactions, which hides the actual value by adding a random number, the usage of ring signatures for sender anonymity, ring ct for amount concealment, and the obfuscation of location using the i2p routing service called covery.', 'duration': 137.473, 'highlights': ['The Peterson commitment in Monero transactions hides the actual value by adding a random number, ensuring that the spent amount remains confidential. Explains the Peterson commitment in Monero transactions.', "Ring signatures are used to conceal the sender's identity in Monero transactions, making it difficult to trace the origin of the transaction. Describes the usage of ring signatures for sender anonymity in Monero transactions.", 'Ring CT is utilized in Monero to hide the actual amount being spent, contributing to the confidentiality of transactions. Highlights the use of ring CT for amount concealment in Monero transactions.', 'The i2p routing service called covery is used to obfuscate the location of Monero transactions, enhancing privacy by routing transactions through different nodes. Explains the obfuscation of location using the i2p routing service called covery in Monero transactions.']}, {'end': 1384.649, 'start': 1260.687, 'title': 'Monero: privacy-focused cryptocurrency', 'summary': "Provides an overview of monero's key features, including its resistance to blockchain analysis, double spending proof, adaptive parameters for transaction obfuscation, as well as guidance on purchasing and mining monero.", 'duration': 123.962, 'highlights': ['Monero is the most blockchain analysis resistant cryptocurrency currently available. Monero is highlighted as the most resistant cryptocurrency to blockchain analysis, providing a key feature that sets it apart from others in the market.', "Monero's adaptive parameters ensure that every transaction on the network is obfuscated, providing an unknown origin, amount, and receiver for each transaction. The adaptive parameters of Monero are emphasized in ensuring the obfuscation of every transaction, guaranteeing an unknown origin, amount, and receiver for each transaction on the network.", 'Changely is recommended as the best site for purchasing Monero, offering the ability to buy Monero using various currencies including Visa, Mastercard, Bitcoin, and USD. The recommendation of Changely as the best site for purchasing Monero, highlighting the ability to buy using various currencies such as Visa, Mastercard, Bitcoin, and USD.', 'A Python repository for mining Monero is provided, with Docker dependencies ready for Mac and Linux, allowing users to start mining Monero using a JavaScript mining library for Coin Hive. The provision of a Python repository for mining Monero, along with Docker dependencies for Mac and Linux, enabling users to initiate Monero mining using a JavaScript mining library for Coin Hive.']}], 'duration': 402.495, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/cjbHqvr4ffo/pics/cjbHqvr4ffo982154.jpg', 'highlights': ['Monero is the most resistant cryptocurrency to blockchain analysis, providing a key feature that sets it apart from others in the market.', 'The chapter explains the use of ring signatures in Monero transactions, where selected inputs are linked together in a ring and signed using a ring signature to hide the real sender.', 'Ring CT is utilized in Monero to hide the actual amount being spent, contributing to the confidentiality of transactions.', 'The chapter also mentions the use of Peterson commitment to prevent others from knowing the exact amount being spent, adding another layer of privacy to Monero transactions.', 'Changely is recommended as the best site for purchasing Monero, offering the ability to buy Monero using various currencies including Visa, Mastercard, Bitcoin, and USD.']}], 'highlights': ['Monero ensures anonymity in transactions, unlike Bitcoin and fiat currency.', 'Monero enables users to control their data and transaction history, emphasizing data ownership and privacy.', 'Monero is untraceable and unlinkable, making it more private and secure than Bitcoin, with a much lower transaction fee and faster block time.', "Monero's transaction fee is much less than Bitcoin's, making it a more cost-effective option for users.", "Monero's fast block time provides quicker transaction confirmations compared to Bitcoin.", 'Bitcoin is traceable, as evidenced by the arrest and imprisonment of Silk Road founder for illegal activities facilitated by Bitcoin transactions.', 'Individuals can potentially earn a basic income from their transaction data by receiving payments from different institutions as their data becomes more valuable in the digital world.', 'Monero hides the sender through ring signatures, the amount through ring confidential transactions, the transaction broadcast through an I2P router called Covery, and the receiver through stealth addresses.', 'Monero is the most resistant cryptocurrency to blockchain analysis, providing a key feature that sets it apart from others in the market.']}