• S V Prajeeth Sohan

Abstract—Monero (XMR) is at the forefront of cryptocurrency innovation providing a solution to the transparency challenge faced by technologies. This review thoroughly examines the framework that ensures user anonymity in Monero. At its core there are three privacy elements; Ring Signatures, which obscure the output owner in transactions to introduce plausible deniability; Stealth Addresses, which offer unique and untraceable addresses for each transaction recipient; and Ring Confidential Transactions (RingCT) which protect transaction amounts while maintaining integrity. In addition to these features Monero incorporates Kovri, a C++ implementation of I2P that safeguards users IP addresses by obfuscating them. The paper explores practical use cases that highlight Monero’s effectiveness in protecting privacy. Furthermore, it conducts an analysis with privacy centric cryptocurrencies to emphasize Moneros’ distinct strengths and establish its leadership in anonymous transactions. Recognizing achievements and addressing challenges, the paper outlines research and development efforts aimed at strengthening Monero’s privacy protocols. The conclusion envisions enhancements. Considers how emerging technologies may influence financial privacy trends within the cryptocurrency landscape. This review does not celebrate Monero’s commitment to privacy. Also serves as a guide for secure and confidential financial transactions, in an evolving environment.

Monero, Stealth, Ring, Signature, Transactions, Addresses, cryptocurrency

"Unveiling the Veil: An In-Depth Review of Monero's Anonymous Ecosystem", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 2, page no.f351-f354, February-2024, Available :http://www.jetir.org/papers/JETIR2402544.pdf

"Unveiling the Veil: An In-Depth Review of Monero's Anonymous Ecosystem", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 2, page no. ppf351-f354, February-2024, Available at : http://www.jetir.org/papers/JETIR2402544.pdf