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

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.


Monero and Google Trends

6 hours ago 3 minute read 0 comments odisseo

Interest in privacy coin Monero fluctuates a lot over time on Google Trends. Being one of the most famous cryptocurrencies with a high level of privacy, the attention towards it grows especially in the moments when more stringent controls on the use...

Free Google Server to mine Monero – Google Colabs Mining

7 hours ago 1 minute read 4 comments rogerbuecker

Do you want to take a first peak into the Crypto mining world without having to invest any money?  Today I show you a little trick to use Google Colabs server to mine Monero (XMR) for you. This is not intent to make any "real money", currently I get...

Zcash - The Privacy Legend & Upcoming Halving

23 Oct 2020 1 minute read 4 comments Sapphire

Monero & Zcash Whenever I think of privacy coins, the first names that come to mind are Monero and Zcash. Both these coins have not only survived but also have strong positions according to market cap, trading volume and community support. I was in C...

Can CipherTrace Really Break Monero's Anonymity?

22 Oct 2020 1 minute read 4 comments TheDesertLynx

CipherTrace came out over the past few months with claims to be able to reliably trace certain Monero transactions. Apart from an interview with key members of the Monero team, not much follow-up on these claims took place. I interviewed several exp...

Monero Hardfork and Temporary Issues With Transactions

21 Oct 2020 2 minute read 2 comments ChangeNOW

Monero Weekend Update On October 17th Monero (XMR), a privacy-oriented cryptocurrency, conducted a major upgrade of its network called “Oxygen Orion.” The goal of the upgrade was to increase transaction speed, reducing transaction size and improving...

What Makes Anonymous Online Wallets So Convenient These Days

20 Oct 2020 1 minute read 0 comments roland4

Cryptocurrency wallets represent a trend these days. Users can manage, send or receive various cryptocurrencies and maintain a balance. An anonymous online wallet is actually mandatory when it comes to carrying out transactions on such currencies. Fu...

Long live Monero

20 Oct 2020 1 minute read 0 comments odisseo

Monero developers have released a network update that introduces a new version of the software for the nodes. Oxygen Orion was made thanks to the contribution of 30 developers: this update should significantly increase the performance of XMR. The hig...

Know What does the recent Monero's Oxygen Orion Hard Fork actually means

19 Oct 2020 1 minute read 3 comments nerd0x

The super private cryptocurrency Monero just got a little software upgrade, which the monero team is calling a Hard Fork, though there is no actual fork happening resulting in a different coin. The Monero community has something called the Monero Res...

Monero's Oxygen Orion Upgrade Successful

18 Oct 2020 1 minute read 4 comments ircrp

  As of 18th of October 2020 the upgrade branded by Monero as Oxygen Orion has finally went live as planned, exactly two months after being first announced by the Core Developers. The upgrade focuses on new technological changes most notably deliveri...

BestMining

14 Oct 2020 1 minute read 1 comment JJPV_19

https://bestmining.top/?ref=paraqueimojorge BestMining - platform for cloud mining without deposit Get 2750 Gh/s to yourbalance right now! Looking for profitable cloud mining without investments? Cloud mining is one of the easiest and most popular...