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.