Value for Value ⚡️
The last category of peer to peer exchanges that we have in the Monero ecosystem are atomic swaps. And this is something I think we've also briefly touched on before, but Yeah. It's essentially the technologically perfected version of the mediated swap where you don't actually need a mediator at all. You rely on the chains themselves, in this case, Bitcoin and Monero, to do all of the arbitration itself. Mhmm. So we're able to use Bitcoin to Monero. Unfortunately, Monero has no scripting language, so we use Bitcoin itself to actually handle the atomic swap logic to make sure that if you send your Bitcoin or you send your Monero, you will always either get the corresponding amount of Bitcoin or Monero back or you'll get the funds that you sent refunded back to you.
Episode Summary
Welcome back to Monero Monthly, where Max and Seth dive into the past month in the world of Monero. They cover key topics, exciting updates, and questions from the community, delivering top-notch information with a touch of misfit flair.P2P ExchangesMediated swaps:LocalMonero (may it RIP, will see if something takes it's place)Haveno via RetoSwap (fiat <> XMR and crypto <> XMR)Bisq (BTC <> XMR)Robosats (BTC <> XMR)AMMsSerai (coming soonTM)Atomic SwapsBasicSwapUnstoppableSwapGeneralRucknium, a researcher, has released his work on statistical analysis of ring signatures in Monerohttps://github.com/Rucknium/OSPEAD/blob/main/README.mdAt current Monero ring size of 16, the theoretical minimum attack success through completely random guessing would be 1/16 = 6.25%. According to preliminary estimates, an adversary could take advantage of the divergence between the real spend age distribution and the status quo decoy distribution to achieve an attack success probability of 23.5%, on average, since the August 2022 hard fork. This corresponds to an effective ring size of 4.2. The attack success probability prior to August 2022 may be higher, but this was not measured due to time constraints.Monero can easily scale to Bitcoin's transaction throughput on-chainhttps://www.reddit.com/r/Monero/comments/1iimio0/this_is_how_many_transactions_monero_can_handle/Doesn't account for self-custodial Lightning transactions, of courseFantastic post on Monero's upcoming addressing scheme update, CARROThttps://www.reddit.com/r/Monero/comments/1iph8fz/more_vitamins_for_monero_with_carrot_part_1/Monero Core Team posts funding transparency reporthttps://www.reddit.com/r/Monero/comments/1iixgk9/monero_general_fund_transparency_report_february/Explain Monero Core team!Software updatesCake Wallet releases v4.23.0 and v4.23.2Monero passphrase support for new and existing walletshttps://blog.cakewallet.com/cake-wallet-releases-improvements-to-zano-ledger-ethereum-and-more-v4-23-2-2/https://blog.cakewallet.com/cake-wallet-zano-integration-and-monero-passphrases-v4-23/Monero v0.18.4.0 is right around the cornerhttps://monero.observer/selsta-posts-monero-v0.18.4.0-release-to-do-list/https://github.com/monero-project/monero/issues/9758Links From the Episodehttps://mynymbox.io/Monerujo updatehttps://docs.cakewallet.com/IMPORTANT LINKS
