{"id":309199,"date":"2021-07-27T15:32:21","date_gmt":"2021-07-27T12:32:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/newly-found-monero-bug-may-impact-transaction-privacy-developers-warn\/"},"modified":"2021-07-27T15:32:21","modified_gmt":"2021-07-27T12:32:21","slug":"newly-found-monero-bug-may-impact-transaction-privacy-developers-warn","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/newly-found-monero-bug-may-impact-transaction-privacy-developers-warn\/","title":{"rendered":"# Newly found Monero bug may impact transaction privacy, developers warn"},"content":{"rendered":"<p>&#8220;<strong># Newly found Monero bug may impact transaction privacy, developers warn <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvN2NlZGVmMzAtNDdhOC00NDE0LTg5MjktMGZiNmI5MzZmZGViLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Developers of privacy-oriented cryptocurrency Monero (XMR) have identified a bug that could potentially impact users\u2019 transaction privacy.<\/p>\n<p>On Monday, the official Monero <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/monero\/status\/1419852036913475587?s=20\">warned<\/a> users of a \u201crather significant bug\u201d that has been spotted in Monero\u2019s decoy selection algorithm, a system designed to hide real output transactions among 10 decoys in a ring.<\/p>\n<p>First <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/github.com\/monero-project\/monero\/issues\/7807\">identified<\/a> by software developer Justin Berman, the bug causes a sufficient probability that users\u2019 output transactions can be identified as the true spend among decoys if users spend funds immediately following lock time in the first two blocks, or 20 minutes after receiving funds.<\/p>\n<p>The developers emphasized that the bug does not pose a risk to any information about addresses or transaction amount but rather only allows to trace the occurrence of an XMR transaction. \u201cFunds are never at risk of being stolen. This bug persists in the official wallet code today,\u201d Monero developers noted.<\/p>\n<p>According to an XMR contributor on Reddit, the newly discovered bug <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reddit.com\/r\/Monero\/comments\/osdmh5\/today_if_a_user_spends_an_output_right_in_the\/h6o2z58?utm_source=share&amp;utm_medium=web2x&amp;context=3\">impacts<\/a> transactions that from the past. To mitigate the potential privacy risks, Monero developers recommended waiting one hour or longer before spending newly-received XMR until the community rolls out a fix in a future wallet software update to mitigate the potential privacy risks. A full network upgrade, or a hard fork, is not required to address this issue, the developers noted.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Privacy coin Monero pumps 31% amid US taxation plans<\/em><\/strong><\/p>\n<p>Launched in 2014, XMR is a major privacy-focused cryptocurrency designed to support secure, private and untraceable transactions, using a special type of cryptography to ensure that all its transactions remain 100% untrackable and unlinkable. Monero is the 29th largest cryptocurrency by market capitalization and is the biggest privacy-centric digital currency by value. At the time of writing, XMR is trading at $222, down 3.8% over the past 24 hours, according to data from CoinGecko.<\/p>\n<p>As previously reported by Cointelegraph, multiple global financial regulators have attempted to crack Monero\u2019s privacy. Last year, the United States Internal Revenue Service offered a bounty of up to $625,000 to anyone who can trace Monero transactions.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/newly-found-monero-bug-may-impact-transaction-privacy-developers-warn\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Newly found Monero bug may impact transaction privacy, developers warn &#8221; Developers of privacy-oriented cryptocurrency Monero (XMR) have identified a bug that could potentially impact users\u2019 transaction privacy. On Monday, the official Monero Twitter account warned users of a \u201crather significant bug\u201d that has been spotted in Monero\u2019s decoy selection algorithm, a system designed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":309200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvN2NlZGVmMzAtNDdhOC00NDE0LTg5MjktMGZiNmI5MzZmZGViLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[15047,74867,74863,74963,74880,4965],"class_list":["post-309199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-privacy","tag-altcoin","tag-cryptocurrencies","tag-monero","tag-transactions","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/309199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=309199"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/309199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/309200"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=309199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=309199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=309199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}