Monero (XMR) news, price prediction, opinion and analysis created by users.

Monero (XMR)

126 Articles 37 Followers

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.

Price analysis 22, Feb Bitcoin SV, EOS, Ethereum classic, Tron and Monero.

3 days ago 1 minute read haidernasir

Ethereum classic is on uptrend, while bitcoin SV, EOS, tron and monero are on a downtrend. Here a price analysis of five cryptocurrencies. Bitcoin SV/USD Bitcoin SV is at $282.82 at 8:15 PM GMT, with a loss of -0.774768% in its price in the previous...

Monero (XMR) Has Formed Bullish BAT Pattern And Ready To Move Up | XMR Short Term Analysis

1 day ago 1 minute read moon333

On short term 3 hour chart the Monero (XMR) with Bitcoin pair has formed a bullish BAT pattern and just hit the spike in potential reversal zone but there are chances that the XMR  will give another change to catch it from the potential reversal zone...

XMR Technical report

2 days ago 1 minute read OGCryptojack

From a technical perspective, the privacy coin Monero (XMR) may be presenting new long opportunities. First we’ll start with the weekly timeframe on the dollar pairing. As price topped out $120 in 2019 and started its descent, demand was found near...

Shadows In The Rally Of Bitcoin

5 days ago 3 minute read andreaskanel

Because popular cryptocurrency makes it difficult to exceed $ 10,000. What determines the rise and fall in price. How does Bitcoin placement affect the ... generational divide. Yesterday's decline of Bitcoin by $ 900 from 10,200 to 9,300, although re...