Monero blockchain size 2017
Even if some folks have had a suspicion deep down that this might be the case, no one has particularly wanted to look into the data and see the unpleasant truth.
It means that the community's leadership has knowingly allowed users to be misled about the privacy of prior transactions. The right thing to do would have been to issue an advisory that communicates the problem very clearly:.
This is exactly the message that the MoneroLink block explorer conveys. It's better late than never! The MRL reports have served as a form of dog-whistle communication. The reports are written unintentionally, but perhaps subconsciously in densely coded language that avoids alarming users. Developers have been working in earnest to improve future versions of the software, but have not sought to empirically quantify the existing problem or to clearly warn users about the privacy implications.
Real users today can easily be impacted by a loss in privacy of yesterday's transactions. This is plausible, and hopefully it's true, since it would mean the potential harm caused by this vulnerability is limited. However, even if only a small number of users relied on Monero for privacy in and earlier, then their privacy matters, and this warning is intended for them. As anticipated, this release stirred up a flurry of shitposting and character attacks, on reddit and on twitter, from a loud minority of grumpy folks.
I'm resisting the urge to curate the worst of these for a cheap vindictive pleasure. Most of the rest are editorial quibbles about how we present our results.
We take your criticism seriously and will incorporate it in updates to our paper. I also want to thank SamsungGalaxyPlayer and KaroshiNakamoto for insightful but still very critical posts, including a great thread calling for a more rational and level-headed public response to a research release like this. I've been involved with Zcash for years as well as for several other cryptocurrency projects, like Tezos, Ethereum , as a consultant and recently as a founder of its community-supporting Foundation.
This is transparently and appropriately disclosed on the front page of our technical report. It's also clear to see from my website , twitter profile socrates , and is duly reported to my employer, the University of Illinois. My research is not funded by Zcash, and the other coauthors have nothing to do with Zcash at all. Many of the initial reactions to our research predictably focused on questioning our motives as a way of drawing attention away from the substance of our report.
By all means, be skeptical of our findings, and ideally reproduce them independently. We dropped our paper within a few hours of a planned hard fork flag day. Maybe no one will believe me, but this timing was entirely coincidental, and I was not aware that Monero was going to upgrade then.
This is totally my fault, because in hindsight there were plenty of places I could have read about this. I've been reading lots of monero reddit threads recently while preparing our article, but only by keyword search, not by reading the front page.
In particular, Monero has established the admirable policy of scheduling hard fork upgrades regularly, on April 15 or on three other predictable days of the year, and has committed to this policy for over a year. I can see how this timing looks like hostility. If I were paying more attention and noticed, I absolutely would have waited until after the hard fork to release news that that would likely distract the developers and broader community.
What is the exact difference Bootstrapping Monero blockchain via clearnet? I still have some blocks to sync: Tried obtaining more info about the blockchain size: How much time to Michal Stefanow 1. Its the monero blockchain is 21 GB, what proposed ways are there to reduce this size?
The monero blockchain is 21GB as of on version. Wasn't RingCT suppose to make things smaller moving forward? Running monero in its own virtualbox, performance issues? I'm looking to run monero inside a ubuntu virtualbox vs having it run in the open with other apps around. From a security perspective, this should be safer. Since I'm not mining, what performance Is it possible to use the monero desktop wallet for windows without needing to download the blockchain? I'm pretty sure you can generate your adddresses, but it will show a balance of ZERO since the blockchain isn' But the real answer, and only thing relevant here, is that Monero does not put the entire blockchain into memory, and the rest of the question is therefore mostly beyond the scope of this SE.
The question doesn't apply to Monero but might apply to other cryptonote-based coins that Is it viable to attack Monero by artificially bloating blocks and make it harder to run a full node due to the increased blockchain burden? The largest size of the next block is limited to 2x the median size of last blocks. Creating a block this large imposes a penalty equal to the block subsidy, so the miners entire revenue would have to come from transactions, thus the transaction fees would have to be at least as large as the block reward to entice the miner.
I don't think so as the increase in transaction size is proportional to the amount of privacy the user desires, IOW, if you want better privacy, you still need to pay for it.
Any increase in transaction size will naturally increase the fees one will pay, and that miners are willing to accept. There's no tragedy of the commons where people pay the same What does 'dynamically scalable' mean? The blocksize can automatically adjust over the course of time by the miners including more or less transactions than what has recently been the norm however they have to pay a penalty fee if they increase it by more than a certain distance from the median of recent blocks.
I guess the idea is to let the market decide what the blocksize should be rather than How fast is the blockchain growing? This is the blockchain growth MB per month since inception: Papa Lazzarou 1, 2 Pruning the blockchain means removing some data from it, like old transaction signatures and range proofs. For example, your Monero daemon could store an incomplete version of all the blocks older than one week no signatures, no range proofs to save some space, and it would still have all the info inputs, outputs allowing a wallet to check its balance.
Do you have to download the entire monero blockchain when using the core wallet? And how big is it? By default - yes. Although, you can use remote nodes to sync the wallet: What is a remote node? How much information is passed from the daemon to simplewallet when scanning for a wallet's transactions? There's a way without having to download the blockchain but it comes with a trade-off: Since the penalty function is inherited from CryptoNote, we must look at the whitepaper for the "original thought" on the subject.
Even though only the majority of miners can shift the median value, there is still a possibility to bloat the How scalable and decentralized can a block chain currency be? We say Monero is scaleable because there nothing in the protocol level preventing Monero from accepting a very large number of transactions. There is no coded limit on the block size. The processing capacity for nodes is based on a few things: Frequency of transactions Size of the blockchain Regarding the first, transactions can not happen faster than Running monero in its own virtualbox, performance issues?
Running any program inside a VM comes with a slight-to-moderate hit in performance. It really depends on how you set things up both on the host computer and inside the client OS. If you're going to run Ubuntu Bootstrapping Monero blockchain via clearnet?