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So as we learned before the entire ledger used in Bitcoins the whole block chain is public.

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So the ledger contains all transactions done using bitcoins for each transaction.

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Anybody can see the sender address the receiver address and the amount.

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Now if the sender and the receiver are using proper OPSEC and obtain their bitcoins anonymously then

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these addresses will not be tied to their identities.

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But like I said there are a number of ways that these addresses can tie to a person's identity.

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The easiest is if the person bought bitcoins using a coin exchange that requires identity verification

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or if the person or the entity you send in coins to has made their address public and is linked to an

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actual identity.

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For example if you're sending money to a known store or to unknown market therefore based on this information

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anyone can analyze the block chain.

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They can know exactly the balance of each address by tracing the amount of money sent to this address

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so they can know how much money is in your wallet.

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They can track your spending habits and based on that they can profile you and serve you more things

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more ads and so on.

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Not only that but if you have a considerable amount of coins then you'll become a target because people

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know that you have a lot of coins in your wallet.

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Again by tracing the amount of coins sent your address not to mention the fact that if you're sending

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money to an entity that is linked to an actual identity or if your actual identity gets linked to your

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address then this will reveal even more information that you might not want to be public.

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All of this was the incentive to making a more private cryptocurrency.

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There is a number of private crypto currencies the most popular at the moment is more narrow or some

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are.

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Now it's similar to bitcoin.

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It's decentralized.

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So there is no single entity that control it.

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But unlike Bitcoin it is private.

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So if you analyze the whole block chain you want to be able to get useful information on who is sending

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money to whom and the amount sent.

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So you can see addresses but the addresses used are temporary and secured.

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Therefore you can't see the actual sender.

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You can't see the actual the receiver and you can't see the real amount being transferred.

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Therefore what you analyze is not very useful.

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The transactions are untraceable and the sender and receiver are not likable.

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All of this is achieved using Greek signatures remain confidential transactions and stealth addresses

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the exact way how all of this works is a little bit complex and it dives too much on how block chain

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and crypto currencies work.

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Therefore I'm not going to cover it in this course but I will include useful resources in the resources

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section of this lecture which you can read for further information.

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Now unfortunately Thales does not come with money or a wallet.

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We have to manually install it but installed it is very very easy.

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So let's go to Thales and see how to do that.

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First of all you need to go to the download page of The Official Monaro Web site.

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Alec I'll include its link in the resources of this lecture and you want to scroll down to the Linux

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download link.

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Now I have the 64 bit version of tales installed.

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Therefore I'm going to click in here to download the 64 bit version of the Monaro wallet.

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Now just like any other download you want to click on save file and select the location where you want

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to download it.

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So by default it goes into amnesia Tor Browser and as you can see I've already downloaded it in here.

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So I'm not going to click on save.

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But in your case you want to click on Save and wait for it to fully download the wallet for you.

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I'm going to click on cancel because I've already downloaded it before this lecture to save time.

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And as you can see I already have it here in my Tor Browser directory and before interacting with this

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file just like any file we download from the internet we need to make sure that this file did not get

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modified as it was being downloaded because as explained before anything that you download from the

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Internet can be edited and modified at a number of locations as it's being downloaded.

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So previously we still have to verify downloads using their PDP signature.

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The verification process really depends on the information the developer has given us.

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So as you can see in this case in here the developer is not given us a PDP signature.

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Instead it's given us a sha 256 hash so to verify a downloaded file with its SHA 2 5 6 hash we need

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to go to applications accessories and we're going to use an application called GTA K hush.

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I'm going to open this application and in the file field in here I'm going to select the file that I

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want to verify it's harsh.

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This is the file that I just downloaded so I'm going to click in here and I'm going to go to Tor Browser

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and this is the file that we just downloaded.

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I'm going to click on open and I'm going to click on harsh to calculate its hash.

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Now we have the SHA 2 5 6 hash in here.

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And what I'm gonna do is I'm going to copy all of this and compare it to the harsh that the developer

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is given us here on the download page now as you can see the hash is much this means that the file did

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not get modified as it's been downloaded because if a single bit is changed in that file the hash that

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I just calculated manually on my local computer will not correspond to the harsh that we have on the

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web page in here.

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So because the hashes are matching this means that the file did not get modified since this harsh right

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here.

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Got calculated so we can interact with this file now safely as long as we trust the developer that gave

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us the file.

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So I'm going to write click this file because it's a package and I'm going to click on extract here

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to extract it.

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Okay perfect.

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That's done so you can leave it here.

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But if you leave it here as you know Thales is amnesiac.

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So when we restart the computer these files will not exist.

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Therefore I'm going to copy it and I'm going to paste it in my persistent directory.

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So right click and paste and if we navigate inside it we'll actually see another directory for the application

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itself.

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So I'm actually just gonna cut this and paste it outside just to make it easier to access and I'm going

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to delete the empty one and I'm going to rename this one to just Monaro Ju I again just to make it easier

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to access and if we navigate inside this directory you'll see we have a number of files that's needed

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by the Wallet application the main file that starts the wallet is this file right here this touch you

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I dot as Hage.

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Now this is a batch file which means that it can only be executed from the terminal from the Linux terminal.

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Now if you've done any of my other courses this will be very very easy for you if you haven't then don't

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worry about it.

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And the next lecture I'll show you how to run it and create our first monorail wallet.