Monero is a powerful tool that prioritizes privacy, security, decentralization, and fungibility. It includes several design components, including an accessible Proof of Work (PoW) algorithm and mandatory privacy to better meet these objectives. Monero is most often used for good. Thousands of transactions per day are used for speculation, securing the network, and for everyday purchases. Several nonprofits including UNICEF Australia, BailBloc, and Change.org allow users to mine Monero by simply visiting a website. The proceeds support various philanthropic causes. Other websites allow users to opt-in to mine instead of viewing advertising.
While the clear majority of users take advantage
This blog sets out the burning bug. The goal of this blog post is to provide a detailed explanation of aforementioned bug, how it could be used to cause harm to services, merchants, and exchanges, and how it was handled by the Monero (dev) community.
The bug basically entails the wallet not providing a warning when it receives a burnt output. Therefore, a determined attacker could burn the funds of an organization's wallet whilst merely losing network transaction fees. They, however, do not accrue direct monetary gains. Nonetheless, there are probably means to indirectly benefit. The notion of burning funds