Standard transaction

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For each standard transaction output sender generates public one-time key, based on recipient's address and some random data. So that each incoming transaction for the same user is being sent to a unique one-time public key (not directly to his address) and only the recipient can recover the corresponding private part to redeem the funds. After that he can spend his money using ring signature, disguising his ownership and the actual fact of spending.

Review the scheme for more details:

CryptoNote transaction.jpg

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