Join Nostr
2025-02-21 05:10:36 UTC

Advantages of Monero's new addressing protocol Carrot

Carrot, a new addressing protocol will bring three major improvements to Monero:

1. Full View-Only Wallets: Currently, view-only wallets can only track incoming transactions. Carrot enables them to see both incoming and outgoing transactions while maintaining their spend-proof security.
2. Forward Secrecy: Carrot implements protection against future quantum computing threats, ensuring transaction privacy even if quantum computers become powerful enough to break current encryption methods.
3. Backwards Compatibility: Unlike previous proposals (Jamtis and Jamtis-RCT), Carrot maintains compatibility with existing addresses and wallets. Users can continue using their current wallets, though they'll need to create new 6-key wallets to access Carrot's full features.

Source: https://safereddit.com/r/Monero/comments/1iph8fz/more_vitamins_for_monero_with_carrot_part_1/