Monero Research Lab’s Concise Linkable Ring Signatures (CLSAG) Audit Ready, Funds Requested – BTCMANAGER

June 5, 2020 By admin

The nature of cryptocurrencies means financial transactions are open for illegal monitoring. Monero obfuscates blockchain transactions for improved privacy and anonymity. Towards this end, the Monero Research Lab has issued a funding request for the auditing of the Concise Linkable Ring Signatures (CLSAG). In this audit, the Monero Audit Workgroup will work with Teserakt and Open Source Improvement Fund (OSTIF) according to an update published on GitLab, June 4, 2020.

OSTIF, Teserakt Partner with Monero Audit Group

CLSAG is an improvement of Monero’s Multilayer Linkable Spontaneous Anonymous Group Signatures (MLSAG) and promises efficient transactions without sacrificing privacy. 

Privacy is what underpins Monero. One of the main reasons Monero has a decent market capitalization is because of its anonymity leaning. 

This won’t be the first time the Monero Audit Group will be working with OSTIF. OSTIF is on an anti-censorship campaign and audited RandomX and BulletProofs codes. 

RandomX is a Proof-of-Work consensus algorithm adopted by Monero. It is used to drive the egalitarianism ideals of the project by prioritizing privacy and decentralization

To counter ASICs, the RandomX algorithm makes it complex for ASIC manufacturers to optimize their hardware for mining XMR.

Triptych, Arcturus, and RingCT 3.0

OSTIF’s participation in CLSAG is an endorsement for Monero. The Research program, CLSAG, will eventually–if there is consensus, be replaced by Triptych, Arcturus, or RingCT 3.0 through a hard fork. Still, going forward, Triptych is the main highlight.

From Monero’s documentation, Triptych is summarized as a logarithmic-sized linkable ring signatures solution. Its objective is to add more anonymity by using a type of zero-knowledge proving system as a building block for linkable ring signatures. These link signatures can scale logarithmically without necessarily affecting