What is Ring CT (Confidential Transactions)?
Let's find out Ring CT (Confidential Transactions) meaning, definition in crypto, what is Ring CT (Confidential Transactions), and all other detailed facts.
Ring CT, short for Ring Confidential Transactions, describes how transaction amounts are withheld in Monero. They can be seen as regular confidential transactions because they both perform the same function of hiding the transaction amounts.
Ring CT was first executed in block #1220516 in January 2017. After September 2017, this characteristic became important for every transaction that takes place on the network.
And it makes sense because Ring CT discloses and enhances the edition of ring signatures identified as a multi-layered linkable unexpected anonymous group signature, which enables concealed amounts, origins, and routes of transactions with a high degree of productivity and is a proveable and untraceable coin generation technique.
The cryptographic proof is included in these confidential transactions that show evidence that the quantity of the input amount is the same as the quantity of the output amount.
Furthermore, no numbers are required to be exposed, and users may still track which addresses gave and accepted funds.
Overall, Monero transactions are invisible owing to ring signatures, and the destination of payments is disguised through stealth addresses. In regards to that, Ring CT manages to safeguard the confidentiality of more than just the transaction sums.