XMR/Monero For Beginners

in #bitcoin7 years ago

What is XMR/Monero?

Monero is a cryptocurrency tha is a new privacy-centric coin using the cryptoNote protocol.It is gaining popularity and a top 10 market cap coin.Its untraceable like DASH.Monero is also known as XMR

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Monero is diffrent from other cryptocurrency because..

1.Monero is secure

Monero cant be hacked to steal your fund due to the power of distributed concensus.This means that you alone are responsible for your money and don't have to trust any entity to keep it safe for you.

2.Monero is private

The power of the blockchain usually increases security at the cost of privacy, but with Monero's sophisticated privacy-centric technology, you get all of the security benefits of the blockchain without any of the privacy trade-offs.

3.Monero is untraceable

By taking advantage of ring signatures, Monero makes it ambiguous which funds have been spent, and thus extremely unlikely that a transaction could be linked to particular user.

4.Monero is fungible

Because of the on-by-default nature of the privacy technologies, Monero is fungible, meaning one Monero will always be equal to another. This means you won't have to worry about Monero blacklisted by exchanges or vendors.

Current Market Capitalization
$153,776 429 ,040
Current Market Ratio XMR/BTC
4.32%

You can find all the things you want to know about XMR/Monero here;
http://getmonero.org/

Thanks for reading..if you like what you read..please upvote,resteemed and followed...
Thank you

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Well written, Easy to understand for common folk like me.

Thank you mate...my first post about cryptocurrency actually...im glad you like it...

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