MORELO (MRL)

MORELO is an open-source, privacy-oriented blockchain that is built and operates on the very same concept. Morelo’s blockchain is intentionally configured to be opaque. It makes transaction details – like the identity of senders and recipients, and the amount of every transaction – anonymous by disguising the addresses used by participants.

Along with anonymity, the mining process for Morelo is based on an egalitarian concept – the principle that all people are equal and deserve equal opportunities.

Your public address never appears on the Blockchain. For each transactions, new addresses are generated. If you want to avoid people tying together your identity by your public address, you can use subaddresses (e.g. give one subaddress to Kranken and another to Poloniex and use a new one each time you ShapeShift, so even if they share databases, they can’t tell from the address that you are all the same person).

Confidential transactions hide the amounts transferred in transactions. An upgrade to these in the next protocol upgrade in October will also reduce transaction sizes and fees by probably around 80%.

Ring signatures use outputs already existing on the blockchain as decoys to obfuscate where a transaction is coming from by including them as possible sources together with the output you are spending.