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.

Zano(ZANO) - A Reference in the Past, Present and Future

17 Feb 2024 5 minute read 0 comments Eddyc

Greetings Friends; We can't deny that time is passing and with crypto it's no different. We must understand that nothing is eternal and that no technology will last for long, and with that we see technologies appearing and disappearing like a breath...

Binance is removing Monero. Is Litecoin next?

8 Feb 2024 1 minute read 1 comment Stormgain

The de-listing of the anonymous Monero coin was a logical consequence of a pre-trial agreement between Binance and the US Department of Justice in November, under which government agencies were given unrestricted access to all documentation and the c...

The future of Monero is bright, the future is decentralised

7 Feb 2024 2 minute read 0 comments Adamq

In a time where we observe the relentless growth of the state and consolidation of power into a shadowy word Government, expanding powers of central banks, and the advent of Central Bank Digital Currencies (CBDCs), the need for financial privacy has...

Yes we knew it would happen

6 Feb 2024 1 minute read 0 comments Kovichni

Will privacy coins be delisted on Binance? Of course, what else was the Binance-coup and all those 🐎💩 smears against CZ about, you really think it was about him? Ohh you poor little soul. Anyone btw wondering why Monero is getting privileged treatm...

Binance to delist four Altcoins- Do you have this?

6 Feb 2024 1 minute read 0 comments HiRaj

Dear Readers, The World's largest Crypto Exchange Binance has announced that it would delist four altcoins. Binance would conduct periodical review with various parameters on all the listed coins. The coins that would not satisfy the parameters to me...

A Wake-Up Call for Cryptocurrency Privacy?

4 Feb 2024 2 minute read 0 comments Tarantis

In the world of cryptocurrency, where privacy and anonymity are often prized above all, the Finnish National Bureau of Investigation (KRP) recent breakthrough stands as a stark reminder: no system is infallible.  In this groundbreaking case tied to J...

Are Privacy Coins Like Monero And ZCash Already Dying?

29 Jan 2024 4 minute read 1 comment Coins Reporter

"It's harsh but everything will trend to zero against Bitcoin". These kind of statements from Bitcoin maximals can often evoke an unnecessary doubt in the mind of altcoiners. This theory about Bitcoin being the sole survivor is contradictory in itsel...

Will privacy coins be delisted on Binance?

7 Jan 2024 2 minute read 9 comments Kovichni

I'm going to try and keep this one short. It's pretty much an addendum to this, so if you haven't seen it yet be sure to give it a read so this next part won't seem like gibberish. Because we have a rather worrisome yet predictable development: After...

A Chinese student secretly had a six million dollar crypto mine in Texas. Now you have a problem

1 Jan 2024 3 minute read 1 comment Bulebule22

Jerry Yu studies at New York University, is 23 years old and is one of many Chinese citizens residing in the United States. So far nothing strange. Over the last few days, however, Yu has made a good number of headlines in the international media and...

OKX removes privacy coins

30 Dec 2023 1 minute read 6 comments KMatt

A few years ago, a Coin Bureau video anticipated that privacy coins could be delisted from exchanges at the behest of governments, precisely due to their nature as PRIVACY COINS, i.e. those cryptocurrencies that provide transaction and address anonym...