Monero (XMR)

in #bitcoin8 years ago

Usually described as the preferred cryptocurrency of cybercriminals, monero is one of the most controversial bitcoin alternatives.

It claims to be the most private of all: the payments are impossible to track and the transactions are not linked together, so you can not know who the sender or receiver is or the actual amount.

For this reason it has enjoyed great popularity within the so-called dark internet for the purchase and sale of illegal products and services.

However, monero does not have to have a negative connotation: it is a solution for the most concerned to maintain their privacy and quite useful in some scenarios.

To begin with, it is a good formula to prevent others from knowing how much money is in a portfolio and to whom it belongs, which may be especially relevant in areas of the planet with a high level of crime.

In the same way companies can understand that monero brings advantages by hiding from its suppliers - and at the same time its competitors - how much money they have so that this information does not condition the negotiations between the companies.

It can even be interesting at a particular level when it comes to avoiding discriminatory pricing practices such as those used by airlines or hotel chains: by not knowing your identity, you can not adjust its price based on your profile.

Coin Marketplace

STEEM 0.05
TRX 0.33
JST 0.080
BTC 63435.26
ETH 1684.80
USDT 1.00
SBD 0.41