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Ring Signature Meaning

A ring signature is a type of digital signature that allows a user to sign a message or transaction anonymously on behalf of a group, without revealing which specific member of the group produced the signature. This is a foundational privacy technology used by Privacy Coins like Monero (XMR) to hide the identity of the sender in a transaction.The cryptographic process involves merging the sender's actual transaction inputs with several decoy inputs (known as mixins) pulled from the blockchain.

To an outside observer or a chain analysis tool, all inputs in the ring appear equally likely to be the real one. This creates a high level of signer ambiguity, effectively breaking the link between the sender's address and the funds being moved.Ring signatures are distinct from zk-SNARKs (used by Zcash) because they do not hide the transaction amount, only the sender's identity (though technologies like RingCT later solved the amount-hiding issue).

While highly effective for privacy, ring signatures increase the size of the transaction data, making the blockchain grow faster.

They are also a point of contention for regulators, who argue that such high levels of anonymity facilitate money laundering.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

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