“Significant” error in Monero Ontwikkelaars Onthullen Privacy algorithm

Developers of privacy-focused cryptocurrency Monero (XMR) have uncovered a “highly significant” bug that could affect the privacy of users ‘ transactions.

Monero developers wrote in a Tweet today: “if users spend money immediately after the lockout time in the first 2 blocks allowed by consensus rules (~20 minutes after receiving funds), there is a great chance that the result can be described as an actual spend.”

A fairly significant bug has been found in Monero’s feed selection algorithm that could affect the privacy of your transaction. Read this whole topic carefully. Thanks to @justinberman95 for investigating this error.

1/6

– Monero / / # xmr (@monero) July 27, 2021

The bug, originally investigated by software developer Justin Berman, was discovered in Monero’s feed selection algorithm, leading to”almost zero chance of selecting the latest results as bait.” 

Essentially, this means that if a user spends about 20 minutes after receiving XMR tokens, their transaction can be identified as genuine among a large number of deceptive transactions.

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“Today, if a user created an output to the right of a block that led to an output originally created on a block with less than 100 outputs, their output should be clearly defined in the ring,” Berman said.

He went on to explain that monero’s current average annual value is about 63 exits per block, so”outflows spent immediately after the lock is opened will probably be defined in rings today.”

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According to the developers, the bug is currently available in the official Monero wallet” until a fix is added in a future wallet software update.”However, a potential fix will not be a hard fork, which is a complete update of the monero blockchain network,”he said.

Moreover, the bug reportedly does not pose a threat to user tools.

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