- Monero strengthens its defence against network surveillance with the latest software update.
- New peer selection protocol reduces the risk of connecting to multiple nodes from one malicious operator.
Monero, a privacy-centred cryptocurrency, has announced a major software upgrade to protect users against surveillance nodes trying to monitor blockchain activities to target anonymity on transactions.
The developers released the Fluorine Fermi software upgrade, whose official number is CLI v0.18.4.3, which the project strongly recommends all users concerned about privacy.
Enhanced Protection Against Monitoring Infrastructure
The most recent version tackles the rise of malicious nodes acting within the Monero decentralized network infrastructure, which operates by using peer-to-peer links between autonomous computers across the globe.
A study on arXiv published in September pointed out more and more suspicious nodes posing as legitimate members of the network and potentially gathering information about the activities of users and the patterns of their transactions.
These surveillance measures jeopardize the basic privacy assurances that make Monero unique among other digital currencies, such as stealth addresses, which hide the identity of a recipient, and ring signatures, which hide the identity of a sender.
Fluorine Fermi upgrade has an enhanced peer selection protocol that minimizes the chances of the user connecting to more than one node under the same surveillance operator.
This algorithmic enhancement is specifically aimed at a common trick where the monitoring entities place many nodes in the same IP address space to have a higher probability of seeing the network traffic.
The system is now proactive in disconnecting links to suspicious IP clusters and instead relocating users to nodes that exhibit more reliable behaviour patterns and more credible network involvement traits.
The update renders it much more difficult to correlate transaction information or trace individual users using network analysis by allocating connections more intelligently throughout the network topology.
The native cryptocurrency of Monero XMR reacted well to the security boost, reaching a three-week high of $347 and stabilizing at $340.
The privacy coin remains the most popular blockchain for confidential transactions, and it constantly develops its technical protection against advanced surveillance efforts of different threat agents.
This announcement highlights the continued dedication of Monero to maintaining the privacy of financial transactions by actively enhancing security and responding to new threats in the cryptocurrency space.
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Source: https://thenewscrypto.com/fluorine-fermi-upgrade-moneros-new-weapon-against-blockchain-snoops/