Monero (XMR)

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Monero (XMR) is a privacy-focused cryptocurrency made by Riccardo Spagni (AKA FluffyPony), David Lotapie and 5 other anonymous developers in April 2014. It is a decentralized open-source blockchain network that makes all transaction details on the blockchain opaque, making transaction details untraceable and private.

In a world where we have no idea who is using our data and for what purpose, it is important to keep the privacy of our finances at the forefront of our mind. Monero intends to help keep finances and payments private as this will become paramount as our right to privacy continues to erode. 

Forked from Bytecoin in 2014, Monero seeks to create a fully anonymous cryptocurrency in which users can send value to each other without the ability to be traced as it disguises identities and transaction amounts to the public. Monero uses a suite of privacy technology to achieve the high level of privacy they have currently reached. 

The first privacy technology they use are Ring Signatures which help to conceal the identity of the sender from other parties in the group (or the “ring”). Using Ring Signatures helps to hide the user’s identity because parties in the ring do not know who signed the original transaction. The second privacy feature that Monero have implemented are Stealth Addresses which are one-time-use addresses created for each transaction on behalf of the recipient. Therefore, Stealth Addresses help to conceal the receiver’s identity. The last privacy technology used by Monero, only implemented in January 2017, is RingCTs (Ring Confidential Transactions). RingCTs help to hide the transaction amount in the details. These three privacy features combined help to bring anonymity to the cryptocurrency industry and wider world.

In this tag you can discover Monero (XMR) news, price prediction, opinion and analysis created by users.


Can Monero (XRM) Overshadow Bitcoin (BTC) In the Next 5 Years?

1 day ago 1 minute read JamesM $6.29 tipped

It may just be possible. Monero is one of the best privacy tokens. It has been around for a long time and the team is consistently plugging away at their development initiatives. Privacy tokens are really desired by the cryptocommunity and while seve...

EOS, BNB, TRX, ADA, XRM Price Analysis For 22-26 of June

20 hours ago 5 minute read CryptoChartWizard91 $4.19 tipped

This is list number 2 for you guys! For the top 5 coins check out this analysis. Crypto markets are all over the place with BTC heading back toward $10,000. However, some altcoins are looking pretty resilient. Take a look at the analysis below! Eos E...

Peacocking in the Age of Privacy: Why I've Chosen Spectrecoin

17 May 2019 7 minute read Titorelli $3.63 tipped

Peacocking in the Age of Privacy Privacy is a hot commodity in the crypto world but it doesn’t take long to realize with a little digging that not all privacy coins are created equal. Many coins fail to offer total anonymity for their users but inste...

BTC Dropped Below The $9500 Level, The Bottom In The Past 15 Days

6 days ago 1 minute read daniejjimenez $0.03 tipped

As of 18:00 (UTC) on July 16, the global average price of Bitcoin has plummeted by 10.13% below the $9,500 level. Currently, BTC marks $9,499. The Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Strong Sell" with 15 indica...

What is Monero: More information about Monero cryptocurrency

1 week ago 2 minute read quintomudigo $0.07 tipped

Monero is a cryptocurrency created on Monero blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Monero cryptocurrency was created as a result of the...

Privacy Coins Monero, Zcoin & Spectrecoin Price Prediction for July 2019

2 weeks ago 4 minute read CryptoChartWizard91 $2.33 tipped

Privacy Coins are something that I have been attracted to for a long time. The idea of being able to keep some of my cryptocurrency stash private and be able to conduct transactions completely anonymously really does have a place within the cryptocur...