Department of Homeland Security (USA) looking into tracking Monero and Zcash transactions

DHS has had great success with tracking and analyzing Bitcoin transactions already. They are now looking for similar solutions for tracking “privacy coins.”

The US Department of Homeland Security (DHS) is interested in acquiring technology solutions that can track newer cryptocurrencies, such as Zcash and Monero.

According to a pre-solicitation document [PDF], the DHS wants to know if this is possible, before filing an official solicitation request later down the line.
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Monero (UNTRACEABLE, PRIVATE, UNLINKABLE) Cryptocurrency

If you are looking to transact in secure, untraceable, unlinkable manner. Monero is the answer. Monero is designed with the following principles in mind.

  • Network decentralization: The Monero network and ledger are distributed globally. There is no single server or database that can be maliciously hacked, controlled, or censored.
  • Financial security: The Monero network is self-secured by incorruptible cryptographic mechanisms, so there is no need to trust a third party with responsibility over your funds and transactions.
  • Financial privacy: Most blockchain systems achieve strong security at the expense of privacy. However, Monero prioritizes providing total privacy with no security concessions. Transaction amounts, sender identity, and recipient identity are all obfuscated on the blockchain, so your Monero storage and spending activities are not trackable.
  • Fungibility: The term fungibility refers to assets whose units are considered indistinguishable and interchangeable. In the case of Monero, its fungibility is a feature of its sophisticated privacy practices; the obfuscated transaction record obscures the history of all monero.. If you let your friend borrow 1 Monero, they can return any 1 Monero, since they’re indistinguishable.

Monero is the leading cryptocurrency with a focus on private and censorship-resistant transactions.

Most existing cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains, meaning that transactions are openly verifiable and traceable by anyone in the world. Furthermore, sending and receiving addresses for these transactions may potentially be linkable to a person’s real-world identity.

Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts.
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Ledger Nano X, S

Ledger Nano X - The secure hardware wallet

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Some useful information

Ledger Nano X: 1.8MB (available app storage) https://shop.ledger.com/products/ledger-nano-x/?r=426501a2c5b4

Ledger Nano S: 160KB (available storage) https://shop.ledger.com/products/ledger-nano-s/?r=426501a2c5b4

Ledger Backup Pack: https://shop.ledger.com/products/ledger-backup-pack/?r=426501a2c5b4

Ledger Nano X and S Comparison: https://shop.ledger.com/pages/hardware-wallets-comparison/?r=426501a2c5b4

Ledger Supported Coin: https://www.ledger.com/supported-crypto-assets/?r=426501a2c5b4

Some of the App Storage Required:
BTC – 64KB
ETH – 68KB
LTC – 4KB
XMR – 64KB
BNB – 68KB
TRX – 80KB