Monero (XMR) --- #24 --- [$145.95]
{crypto rank & price from CoinMarketCap on 6/2/23}
Monero (XNR) was launched in 2014 with the goal to allow transactions to take place privately & with anonymity.
Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders & recipients alike through the use of advanced cryptography.
Monero (XMR) bigest priority is privacy & security, with ease of use & efficiency coming 2nd. XMR aims to provide protection to all users — irrespective of how technologically competent they are.
Overall, XMR aims to allow payments to be made quickly & inexpensively without fear of censorship.
What Makes Monero Private:
Users shouldn't view all privacy cryptocurrencies as interchangeable or equivalent services because they don't all achieve privacy in the same way. For instance, XMR should be considered a technology that, when used properly, obscures user data on the blockchain, making it harder to identify its users.
What Makes Unique:
The project’s goal is achieving the greatest level of decentralization possible, meaning that a user doesn’t need to trust anyone else on the network.
Privacy is achieved through a few distinctive features. Whereas each Bitcoin (BTC) in circulation has its own serial number, meaning that cryptocurrency usage can be monitored, XMR is completely fungible. By default, details about senders, recipients & the amount of crypto being transferred are obscured, (differing from rival privacy coins such as Zcash, which are “selectively transparent.”).
To ensure that transactions cannot be linked to one another, stealth addresses are created for every single transaction that are only used once.
All of these distinctive features have led to XMR being increasingly used for illicit transactions instead of Bitcoin — especially on darknet markets. Governments around the world, especially the U.S., have also offered hundreds of thousands of dollars to anyone who can crack Monero’s code.
Crypto Micro-Earning Sites to Earn Monero (XMR) Crypto:
1) Dutchy:
https://autofaucet.dutchycorp.space/?r=CarCar1001
SITE DESCRIPTION: This site offers the most crypto options by far to claim from, more than any other site I've found! There are over 60 different kinds of crypto to claim, (and Dutchy occasionally adds new tokens so make sure to check from time to time). Claim by either running AutoFaucet or by trading/swapping the Dutchy Tokens u earned by completing offers or won in 1 of the handful of daily/weekly/monthly contests & giveaways!
This site also doubles as a Micro-Wallet & Exchange, where you can purchase crypto or trade small amts. of coins, (this is how I found this site the most useful, as I describe how a few paragraphs below).
WAYS TO EARN: You earn by rolling the faucet every 30min., viewing PTC ads, taking surveys, completing shortlinks, or completing other offers available to earn. There are also multiple contests & giveaways to get coins for free such as, random coin rains every hr., daily/weekly/monthly contests for things, & occasionally other random/promotional opportunities to earn!
I've found that the quickest way to earn from this site is by completing surveys & taking advantage of any promotional claiming boosts offered for the week. Claiming from the coin of the month faucet every 30min. is also a good way to stock up on a coin quickly.
2) AllCoins:
https://allcoins.pw/?ref=351380
This site pays out well & offers a few heigh quality crypto projects to choose from that aren't offered on many other claim sites. You can claim from faucet every 6mins. & also can complete offers/surveys, mine coins, and gamble to earn even more coins.
I found these sites to be an interesting resource tool for beginners interested in learning about crypto/Altcoin projects, & using Blockchain addresses/crypto wallets, & understand the volatile crypto market. I used these sites to gain hands-on experience managing crypto & to help me learn what investment strategies I prefer & earn me the most with my investment style.
Another useful tool I found is CoinMarketCap. You can use this site to create a portfolio of all your crypto assets & track you profits/losses n trades.
CoinMarketCap:
https://coinmarketcap.com/invite?ref=SIGYL2BX
{I hope you guys will find these sites just as helpful as I, to offer you a useful resource tool to help further ur self-education regarding the new & quickly growing Cryptocurrency technology!}
