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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 (XMR) is featured in the new Netflix movie - The Lørenskog Disappearance

23 Sep 2022 1 minute read 3 comments Cryptotexty

  They're asking for nine million euros for her safe return, and to pay it in Monero. What is that? Cryptocurrency that can't be traced. Right. Didn't you know that? Did you? No, but you should have That's the dialogue between two pol...

Privacy Protest - more important then ever

16 Sep 2022 3 minute read 0 comments Tarantis

The events which occurred during August 2022, are more important for our privacy now, than ever. Everything start on 8th of August 2022, when one of the U.S. Departments sanctioned Tornado Cash service as a laundering cryptocurrency machine, for all...

Solana's Centralization and Downtime Killing Technical Breakthroughs

14 Sep 2022 2 minute read 0 comments Alucard0x

Solana's a fine chain if you want to maybe make money (never know when those performance blackouts might hit next!), but as far as tech breakthroughs, it's a limited chain. The primary reason: The only advantage web3/blockchain tech has over web2 tec...

ChangeNOW Was One of the Few Exchanges to Support Monero during the Fork. Mike Ermolaev Unveils the Details

30 Aug 2022 3 minute read 0 comments Mike Ermolaev

The popular privacy coin Monero (XMR) successfully implemented a non-contentious hard fork on August 13 at a block height of 2,688,888, strengthening its security and privacy features even further. With this upgrade, Bulletproofs+ algorithm was intro...

How Private are Your Transactions, Really?

23 Aug 2022 3 minute read 3 comments Great White Snark

There's a misconception that because cryptocurrency transactions are cryptographically secure, they're also anonymous/private. (Cryptography is used for anonymity in other instances, so that must follow here too, right?) While that may be true for so...

Welp, I Crave Privacy!

20 Aug 2022 3 minute read 5 comments I-HODL

So guys, listen, I like my privacy, this is a default that I have. And I'm guessing that many of you do too, right? Like most times when I use the Internet, I try to have some form of privacy on. I go in incognito or I use Brave with Tor, as a defaul...

Monero XMR: The King of Privacy Coins

20 Aug 2022 2 minute read 3 comments 2sats

*obligatory not financial advice*   What is Monero? Most people believe that Bitcoin transactions are untraceable but this is not true at all. Every Bitcoin transaction is public which means that everyone can trace how you spend your BTC if they know...

Monero (XMR) Nodes Activated Most Crucial Hardfork of 2022

17 Aug 2022 1 minute read 0 comments GetBlock

Monero is actually the most popular ‘privacy coin’; its transactions are untraceable and therefore are invisible for watchdogs or malefactors. Monero (XMR) nodes’ upgrade is now live: Why is this important? According to the official statement shared...

Top 7 Coins I'm Buying Right Now

17 Aug 2022 1 minute read 1 comment LiteLiger

  Top 7 Coins for Short Term Gains Today we are gonna focus on short-term investments that could payout is quite nicely given that there are so many crypto-related updates happening in terms of adaptation and hard forks. (For full disclosure i do ho...

Monero Hard Fork Goes Live, Introduces Improved Security and Privacy Features

16 Aug 2022 1 minute read 0 comments DailyCoin

Visit DailyCoin for more articles Monero, one of the most popular decentralized privacy-focused blockchains, has completed a hard fork, which has introduced improved privacy and security features to the network.    Monero’s Hard Fork Is Liv...