What Is the Concept of ‘Output Amounts’ Being Hidden by RingCT?
Ring Confidential Transactions (RingCT) is an extension of Ring Signatures that cryptographically hides the amount of cryptocurrency being sent in a transaction. This prevents observers from seeing the value transferred, which is a key piece of data for tracing transactions.
RingCT uses a mathematical proof to confirm that no new coins were created, ensuring the ledger's integrity while maintaining confidentiality.