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Monero: How To Get Funded In XMR

12/20/2018

Sweat Equity is the first way to earn if you want to work for Monero. The community is made up of a diverse group of individuals focused on one purpose: protecting privacy. The message was clear in an interview with www.getmonero.org UX Designer Diego Salazar, the Monero community will absolutely back projects that further the development of the protocol, but you've got to earn your place at the table if you want to contribute.


Truly Private Transactions

One of the most robust privacy protocols on the planet belongs to the Monero blockchain. Boasting Ring Signatures to conceal the sender's identity, RingCT to conceal the amount of  the transaction, and Stealth Addresses to obfuscate the recipient, it provides a truly secure way to transact peer-to-peer. Monero recently upgraded the protocol with the addition of bulletproofs, reducing transaction fees by ~80% and increasing transaction times.  

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Privacy Focused Monero Community Funding System

Programmers interested in using their skills in support of the basic human right to privacy should consider applying themselves to the Monero community. Using FFS the community can choose to fund certain projects that support the protocol itself, or the furthering of the Monero ecosystem in other ways. Monero's community has many members attempting to get their project funded, but community clearly has the capability and desire to continue to build the protocol. 

Monero

Privacy Under Fire

Recently the US Government posted a request for proposals on how to crack privacy blockchains, specifically siting Monero and Zcash. Law enforcement officials have recently focused on forensic research of the blockchain, and turned their attention to more opaque technologies. 

A key feature underlying these newer blockchain platforms that is frequently emphasized is the capability for anonymity and privacy protection. While these features are desirable, there is similarly a compelling interest in tracing and understanding transactions and actions on the blockchain of an illegal nature. To that end, this proposal calls for solutions that enable law enforcement investigations to perform forensic analysis on blockchain transactions. 

The Cryptosomniac Team reached out to the Monero community to discuss how this could affect the development of the protocol. Check out the full interview for the latest Monero news, and tune in Thursday December 20th at 1:00PM PST for a live interview with Horizen Co Founder Rolf Versluis.

See The Whole Interview


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