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Monero has some strong points, but it's actually LESS decentralized than Bitcoin. A Monero confidential transaction is 1.5kb while a Bitcoin transaction which i
by phyro 4y ago
Monero has some strong points, but it's actually LESS decentralized than Bitcoin. A Monero confidential transaction is 1.5kb while a Bitcoin transaction which is only around 300 bytes. For the argument of decentralization, it doesn't matter that it doesn't blind the amounts or add decoys inputs, the 5x size of a transaction itself means that the chain is much bigger than Bitcoin under the same load which makes it less decentralized due to much higher storage requirements for a full node. It's also much slower to verify the history because of all the rangeproofs that need to be validated for all outputs that have been ever created.