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View Code? Open in Web Editor NEWText and translations of all the community videos
Home Page: https://www.youtube.com/channel/UCnjUpT9gGxyQ_lud7uKoTCg
Text and translations of all the community videos
Home Page: https://www.youtube.com/channel/UCnjUpT9gGxyQ_lud7uKoTCg
Hi @ajs-xmr i spoke with savandra about how to manage subtitles. Now they can be uploaded directly on youtube using its native way. This work for both videos uploaded on the 'monero' channel and on savandra's one.
Is this repo still needed?
Let’s recap. Amounts of Monero exist on the blockchain in the form of ‘outputs’. When you own Monero, it means that you control some of these outputs. Each output can have a different value, such as 1 XMR or 5 XMR. You have a secret key for each output that you own, that allows you alone to spend it.
When you send someone Monero, what you are doing is announcing to the Monero network that the value of some of your outputs should now be under someone else’s control. This announcement is called a transaction. Since only the recipient should have control over the outputs that you send them, your transaction takes your outputs and creates a new set of outputs for the recipient that only the recipient will have the ability to control.
To safeguard the recipient’s privacy, you do not announce to the Monero network that these new outputs belong to the recipient’s wallet address. Instead, you encrypt the new outputs such that only the recipient knows how to scan the blockchain to discover them. It is because a wallet address never appears on the blockchain that wallet addresses are considered to be “stealth addresses”.
To understand how this encryption works, you first need to understand what a key pair is.
A key pair consists of a public key and a private key. If someone tells you their public key, you can use that public key to encrypt information such that only they can decrypt it with their private key.
The recipient's wallet address consists of two public keys, called the public view key and the public spend key. When you encrypt a payment for them, you use their public view key to encrypt the output so that only they can see that it exists on the blockchain by using their private view key. You also use their public spend key to encrypt the output so that only they can control and therefore spend the funds by using their private spend key.
Notice that this means that the recipient can give out their private view key so that an auditor can have visibility over the funds they receive. Because they are giving out their public view key but not their public spend key, they do not need to worry that the auditor can spend their funds.
In our next video, we discuss a concept called a ‘ring signature’. We’ll see how this greatly increases the level of privacy in a transaction so that observers cannot know the value of the Monero being sent and cannot know which outputs were actually the source of the transaction.
Hi @ajs-xmr. Please see monero-ecosystem/meta#78 (comment) and let me know how you plan to proceed forward.
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