What is Monero (XMR)? | Monero - secure, private, untraceable

Monero, which means currency in Esperanto,
is a "privacy coin": a cryptocurrency allowing anonymity, confidentiality and data protection. On April 9, 2014 born the BitMonero.
If bitcoin is now known to all, other cryptocurrencies are also starting to want to play in the big league. The latter have thus learned from bitcoin's experience and are doing everything to avoid making the same mistakes as the crytomoney pioneer. With the adoption of different hashing algorithms, it is now possible to use one's CPU or GPU for mining operations. The case of Monero proves this, as it is based on the Cryptonote technology alone and its currency code is defined by the three letters XMR. This cryptocurrency is not comparable to bitcoin. The main differences between the two cryptocurrencies are numerous.

A wallet and transactions that are based on anonymity

While all transactions related to bitcoin are public, they are subject to confidentiality with Monero. Therefore, it is impossible to track and trace the transactions made from an XMR wallet and also the amount of transactions that develop in it.

Low transaction fees

While many bitcoin holders are investors, the majority of them do not use the cryptocurrency as an online payment tool. To transfer euros to another bitcoin wallet, the fees are not small. Monero is the opposite. Via dynamic blocks that build up over the course of transactions and the power of the calculations to be solved, exchanges and transfers with Monero are fast. As a result, transaction fees are low at the end of the chain.

Everyone is allowed to mine

Unlike bitcoin, the expensive investment in an ASIC (Application Specific Integrated Circuit) is not required at all to start mining Monero. The goal of Monero is that every miner can collaborate in the mesh and thus ensure that the network is completely decentralized.

Mining Minero

It may be appropriate to mine with your PC or a server specially dedicated to this purpose, without in parallel making available all the cores of your CPU.
Monero is a stable project in terms of sustainability of the cryptocurrency. In particular, its developers are always there for an update of the PoW (Proof of Work) algorithm and fight against ASIC machines designed for mining a cryptocurrency and which offer on their side an excessive hashrate/consumption share.
Monero fights with its own weapons against sophisticated clones. A survival ethic because its developers have learned well from the history of bitcoin. With 12 companies garnering 87% of the computing power of the Bitcoin network.

Monero was designed on a cryptographic protocol called "ring signature". This modus operandi ensures the protection of the sender of the funds. When a transaction is issued, it is shuffled to several others in the queue.
With this method, even the recipient of a payment is not able to identify the direct origin of the funds sent. The second major aspect of Monero is the "stealth addresses". Their purpose is to protect the beneficiaries. When a physical person receives money in Monero, a temporary address is generated to hide his trace on the blockchain. We have rarely done better in terms of confidentiality.