Flyp.me implements Monero’s sub-addresses – The Bitcoin News

Flyp.me
implements Monero’s sub-addresses in crypto to crypto exchange

Flyp.me, the leading crypto to crypto exchange
without the need to register an account was first launched in 2017. The Flyp.me
exchange has focused on privacy, simplicity and speed on a constant basis. It
has a catalogue of more than 30 cryptocurrencies and tokens. Today, Flyp.me
adds the latest implementations of monero’s sub-addresses. This constitutes
another layer of privacy when it comes to observers trying to associate
transfers from Monero to and from Flyp.me. Let’s go in depth.

Flyp.me was launched under the premise of respecting the transactional privacy
of users and maintaining an exchange without accounts. Monero’s recently
implemented sub-addresses allow the use of the exchange with fewer parameters
to be introduced; significantly reducing the possible irreversible mistakes of
an unskilled user. At the same time, the new compatibility implements an
additional layer of “anonymity” to the transactions with Monero.
Monero is characterized by offering one of the best privacy options in the
market for transactions. However, some of the features had made adoption
difficult for inexperienced users. At the same time, they offered a
surveillance vector through Payment IDs.

 

The
Monero’s active development community proposed change for the entire ecosystem

The Monero’s
community proposed to remove support for sending independent payment ID
transactions in the majority of the wallets by April 2019. It also proposed
eliminating support for sending payment ID transactions (including integrated
addresses) in the consensus layer by October 2019. Exchanges, payment
processors and other services should be updated to support Monero’s
sub-addresses as soon as possible. Therefore, Flyp.me announces its
implementation offering all the advantages to the customers and the community.

This utility
allows users to discard creating more than one wallet to receive funds in
multiple directions without being linked. It also allows the user to
corroborate transactions that enter their portfolio and associated
sub-addresses. This can be used to verify if there are internal movements
within their subaddress scheme without it being observable by third parties.
The objective is clear: to ensure that any Monero’s wallets cannot be linked by
observing transactions. This strengthens Flyp.me’s usage model by taking care
of the transactional privacy of users who operate with Monero.

 

Monero
leaves payment IDs offering a stronger privacy layer to services like Flyp.me

Removing the
Payment ID makes it difficult to associate different transactions between two
parties that usually operate together. At the same time, it also makes it difficult
to mass associate multiple payments from multiple users made to the same
recipient because the previous payment IDs are not included. The Flyp.me
exchange was created with a solid set of values by a team working on Bitcoin
since 2012. To date, it has fulfilled its promise to be the fastest, safest and
most private way to exchange cryptocurrencies & tokens directly into the wallet.

The 2019 design
went a step further by making the process of buying and selling crypto very
easy. With the new implementation of Monero, a bottleneck in the adoption of
cryptocurrencies is removed. It is true that Monero has been one of the
cryptocurrencies with the most complicated process to use all its privacy
features. The new implementation simplifies the use and adoption of the entire
Monero’s network and its applications. However, it also simplifies the use of
merchant platforms such as Flyp.me that promote the decentralization and
application of privacy to services in a secure manner. The Monero’s community
made clear their desire to move forward with their recommended timeline; and
now, Flyp.me incorporates the implementation for decentralized Monero exchanges
from wallet to wallet.

To date, Monero
has been developed by the community; among them there are few “visible
leaders”. Behind the scenes, however, it is a very active community with
collaborators from all areas of the sector. The philosophy of privacy as a
fundamental human right is the hallmark of Monero, and its group of seven main
developers.

The
essential of adoption is the necessity and ease-of-use

We
have witnessed in recent years a slow and progressive growth of use cases for
cryptocurrencies and tokens. Applications, uses and developments have diversified,
including value storage, hundreds of services/utilities, and micropayments.
However, developments that facilitate the inclusion of less specialized users
have accelerated the process. Flyp.me offers a service as powerful as it
is user-friendly. Management does not require knowledge in cryptography,
programming or other specialties, offering a complete service of exchange
without account or records.

In
terms of adoption, this Monero’s consensus step facilitates operations for all
parties. Improving the experience of users and traders who use Flyp.me in their
operations. Sometimes these parties want an extra layer of privacy compared to
operating with bitcoin. Monero offers this layer and it is now both easier to
use and harder to track.

Flyp.me
web & Links:

Telegram – Flyp.me – https://t.me/flypme
Twitter – https://twitter.com/flyp_me
Facebook – https://facebook.com/flypme
Reddit – https://www.reddit.com/r/flypme
web – https://flyp.me/