Conclusion

The anonymity of Monero has evolved to a large extent in the recent few years. With the introduction of RingCT and the increase of mandatory mixins to 10, it is much harder to trace the transactions. We investigated the eectiveness of three successful heuristics from the pre-RingCT era (i.e. before January 2017). The percentage of deducible transactions through zero chain analysis decreased to nearly 0% after the implementation of RingCT. The accuracy of the time heuristic has also reduced considerably to less than 40% with 10 mixins with a more realistic time distribution of mixins. The merging outputs heuristic still has good performance, but it can only be applied to a small portion of all transactions. We thus came to the conclusion that compared to the version three years ago, current Monero transactions can be conducted with superior anonymity with the introduction of new techniques like RingCT.

Alt-Coin Traceability Carnegie Mellon University 18 May 2020

Simpsons Explain Crypto. from r/Bitcoin

The only time you ever need to enter your seed is during hardware wallet reset or first time setup. The seed should be entered on the hardware wallet itself.

ANY OTHER SOFTWARE OR APP OR WEBSITE OR EXTENSION THAT ASK YOU TO ENTER YOUR SEED IS MALWARE / SCAM.

Funds sent out of my ledger without me authorizing it? from r/ledgerwallet

Don’t be a victim of fake wallet scam: Use only wallet recommended by official Monero website https://web.getmonero.org/downloads

Hardware Wallet (Most Secure)

1. Ledger (20% discount code inside)
2. Trezor (Not recommend due to Unpatchable Critical Hardware Flaw found by Kraken on JANUARY 31, 2020)

Mobile & Light Wallets

1. Cake Wallet
2. Monerujo
3. My Monero
4. Edge

Source: VanEck Digital Assets – The Investment Case For Bitcoin 202001

Bitcoin Has the Potential to Become “Digital Gold”

A Small Bitcoin Allocation May Improve Portfolio Upside

To understand the future of privacy-focused cryptocurrencies, it is first important to understand the need for such coins. Although it claims to be anonymous, bitcoin is, in fact, a public currency. Bitcoin transactions are recorded on a public ledger. It may not be possible to trace bitcoin addresses back to their rightful owner, but it is definitely possible to know details of transactions, such as amounts and location of the cryptocurrency.

In addition, linking your real identity to a bitcoin address makes it possible for others to see details of your financial transactions without your permission. What’s more, bitcoin can also be stolen from an exchange that does not have adequate security measures. In sum, bitcoin is not as secure and private as its developers would like you to believe.

Privacy-focused coins improve on bitcoin’s flaws to make transactions and identities untraceable.

For example, Monero, which is the most well-known of all privacy coins, was developed using the CryptoNight Proof of Work protocol and uses “ring signatures” which “obfuscate” the public ledger, making it impossible to detect the source and endpoints of a transaction.

Among other things, in practical terms, this means that it is not possible to know the consolidated total of Monero coins held by a particular node. Not surprisingly, the WannaCry ransomware hackers chose to convert their stash into Monero to evade detection by authorities.

More evidence of Monero’s robust privacy measures became evident during the U.S. government’s seizure of AlphaBay, the dark net’s most popular marketplace. Even after they closed it down, authorities said they were unable to estimate the amount of Monero, which was the most popular cryptocurrency used for transactions there, floating around in the marketplace.

Another example of a cryptocurrency that incorporates privacy features is Dash, which is competing with the likes of Litecoin and bitcoin to become a cryptocurrency for daily use. Its privacy feature is called PrivateSend and uses the “CoinJoin” technique of mixing up transactions that makes it difficult to identify the owner and recipient of coins for certain transactions on its blockchain.

Source: https://www.investopedia.com/news/what-does-increased-government-regulation-mean-privacyfocused-coins/

I highly recommend reading this E-Book if you are interested to find out how Monero are designed and build to protect your privacy.

Click link to download free E-Book Mastering Monero: The future of private transactions

“Mastering Monero: The future of private transactions” is your guide through the world of Monero, a leading cryptocurrency with a focus on private and censorship-resistant transactions. This book contains everything you need to know to start using Monero in your business or day-to-day life, even if you’ve never understood or interacted with cryptocurrencies before.

The first portion of the book is a friendly (non-technical) introductions to key concepts and skills – chapters 1 and 2 start from scratch, and cover everything you need to know to transact safely. For curious readers, chapters 3 and 4 conceptually explain how Monero’s blockchain and privacy technologies work (no math). Later chapters dive deeply into the internals of Monero, its mathematics, its code, and how to contribute.

Monero is the answer where all your transaction are private by default. Click this link to find out more
Monero (UNTRACEABLE, PRIVATE, UNLINKABLE) Cryptocurrency
Monero is so private that law enforcement can’t figure out how much the AlphaBay Owner had

Source: https://www.reddit.com/r/Bitcoin/comments/bdr9nw/coinmama_is_a_nosey_bitch_tracking_your_coin/

Looking to buy & sell monero (XMR)? Check out

You may ask why use XMR? This is because of all the the crypto currency available, XMR is the only coin that is untraceable, private and unlinkable. Only you and no one else know if you have any XMR.