Cryptocurrency : XMR (Monero) Review in Simple/Short Defines Language.

in #blockchain6 years ago

R3.png
Source

XMR (Monero) launched at 2014, Monero (XMR) is an open-source cryptocurrency created that focuses on fungibility and decentralization. XMR is the digital currency that is secure, private, and untraceable.

The Pros

XMR is the cryptonote which is integrated highly privacy information (RingCT) for the users/holders, its functional totally kept your identity saved through any transactions.

  • The anonimous (Full Anonim) crypto that nobody can access your total XMR assets/transaction log.
  • It can be used as payment method on market place (especially in dark market) which is mean no one will identified your privacy.
  • Its kept your secret (assets/log/transactions) that no one can access it.
  • Its also mineable coin as cryptonight method, you can mining XMR on your own ways. (The popular Monero mining site is Minergate)
  • XMR total supply provided doesn't like many other coin (large amount), as it will be the chances for the prices pump.
  • Supported community through mining as the BTC does, this will make Monero advanced as BTC and another mineable coin.

The Cons:

  • XMR used as the darknet market place (eg. AlphaBay) as payment method, which is will make it over-watched by the goverment.
  • The allocated supply doesn't like other coin (Large Amount) as it will make the prices ket it up by the time public demanded filled steadily.
  • The XMR popularity on Darknet will stuck its spread in the future cause by the goverment regulations.
  • XMR transaction spent bigger than BTC, as it will spent too much block.
  • The anonimous system can be compromised which means while its been hacked, the hacker handled part of assets on the network.

Summary:

As the following review about Monero (XMR) has pros & cons, we can take some short defines that XMR is worth to owned caused by its functional on the blockchain world, such as payment method on marketplace (Althougt Darknet Market), and also XMR is mineable coin, by this time you can also searching many XMR coin that already fork such as XMO. Is it XMR worth to invest? By the time you learn the orientation on XMR project and several features inside, I think Monero is worth to own through trading/exchange.

The Review on this information also can be found at Revain.org as I also made a short review within the site.

Revain is the most trusthworthy platfrom that oriented on Blockchain/cryptocurrency review blog.

Link Related to XMR

Grab your Monero now steemian!

Thanks,

Best Regard @seifanlj

The following information contained within this post was taken from several resources on the Internet, as it taking as conclusion in my own ways. This information doesn't intended as promotional or advertisement related to object discussion, but its only as the educational information shared in order to contributed on public feed. If it there are some mistakes or wrong defines within, I do apologize as I'm not as Blockchain/Crypto professional ones but I'am only as The Enthusiast, hopeful your assist also suggestion filled below on comment in order to discuss furthermore! If you like this post, please upvote and resteem it!
Sort:  

You have a minor misspelling in the following sentence:

AlphaBay) as payment method, which is will make it over-watched by the goverment.
It should be government instead of goverment.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Seifan.lj from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Monero go to the moon 2019. Upvote

Coin Marketplace

STEEM 0.27
TRX 0.11
JST 0.030
BTC 69061.75
ETH 3774.04
USDT 1.00
SBD 3.51