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This maps key images to rings, so that different forks can reuse the rings by key image. This avoids revealing the real inputs like would happen if two forks spent the same outputs with different rings. This database is meant to be shared with all Monero forks which don't bother making a new chain, putting users' privacy at risk in the process. It is placed in a shared data directory by default ($HOME/.shared-ringdb on UNIX like systems). You may use --shared-ringdb-dir to override this location, and should then do so for all Monero forks for them to share the database.