Monero adopts Seraphis, a true privacy-focused protocol

Seraphis is an abstraction that defines rules about how to design a real privacy-focused transaction protocol without specifying concrete algorithms. It is one of the candidates for Monero's (XMR/USD) next transaction protocol model, Monero wrote on their blog.

Core rules of privacy-focused transaction protocols

The two core rules involve amount representation and construction of key images like linking tags. According to the post, Triptych is a fourth-generation privacy-focused transaction protocol with a new key image construction that permits 'one-of-many proofs'. They perform much better for large reference sets than what can be achieved with CryptoNote/RingCT-style key images.

Like Triptych, Seraphis is a fourth-generation privacy-focused transaction protocol, which defines a new key image construction that permits efficient one-of-many proofs. The similarities end there.

Triptych vs. Seraphis

Seraphis pros

Con

Triptych pros

Con

Lelantus-Spark vs. Seraphis

Lelantus-Spark is a transaction protocol, but not an abstraction. It is like Triptych in those ways. It also has the same pluses and minuses as its analogs. Generally, it was developed independently from Seraphis.

The creators of Lelantus-Spark turned their attention on design details appropriate for the Firo cryptocurrency. On the other hand, the design recommendations of Seraphis’ creators have focused on details appropriate for a cryptocurrency that currently uses standard RingCT, like Monero.

Last day to apply for MAGIC Monero Fund  

In related news, today is the last day to apply to be a MAGIC Monero Fund voter or committee member according to a Reddit thread. MAGIC Monero Fund voters assist by selecting the MAGIC Monero Fund advisory committee. This committee makes important investment and grant decisions to support the Monero ecosystem, Invezz learned from the thread.