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Merge pull request #434 from SamsungGalaxyPlayer/patch-13

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Update RingCT from future to past tense
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Riccardo Spagni 2017-10-15 22:03:44 +02:00 committed by GitHub
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resources/moneropedia/ringCT.md
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@ -8,7 +8,7 @@ summary: "a way to hide the amount sent in a Monero transaction"
### The Basics ### The Basics
RingCT, short for Ring Confidential Transactions, is how transaction amounts are hidden in Monero. RingCT, short for Ring Confidential Transactions, is how transaction amounts are hidden in Monero.
Ring CT was implemented in block #1220516 and is currently used in over 95% of Monero transactions. After September 2017 this feature will be mandatory for all transactions on the network. Ring CT was implemented in block #1220516 in January 2017. After September 2017, this feature became mandatory for all transactions on the network.
RingCT introduces an improved version of @ring-signatures called A Multi-layered Linkable Spontaneous Anonymous Group signature, which allows for hidden amounts, origins and destinations of transactions with reasonable efficiency and verifiable, trustless coin generation. RingCT introduces an improved version of @ring-signatures called A Multi-layered Linkable Spontaneous Anonymous Group signature, which allows for hidden amounts, origins and destinations of transactions with reasonable efficiency and verifiable, trustless coin generation.