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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
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.