Monero (cryptocurrency)

Unlike most cryptocurrencies today, Monero is based on the CryptoNote protocol— unlike Blockchain, the CryptoNote protocol only allows the approximate amount of a transaction to be known, while the origin, destination, or actual amount cannotremain be revealedhidden. Though Monero allows a hidden trace of every transaction made, their users still have the privilege to share certain information selectively. Every Monero accounts have their own distinctive view key which allows users to check a specific account’s transactions.

Monero is one of the popular cryptocurrencies today. The cryptocurrency was created in April 2014 by seven people. thatThe promotecryptocurrency promotes privacy, decentralization, and scalability. Monero can be run via runs on Windows, MacOS, Linux, Android, and FreeB SD. Monero uses a public ledger in recording transactions as new units are created through cryptocurrency mining.

Monero is one of the popular cryptocurrencies today. The cryptocurrency was created in April 2014 by seven people that promote privacy, decentralization, and scalability. Monero can be run via runs on Windows, MacOS, Linux, Android, and FreeB SD. Monero uses a public ledger in recording transactions as new units are created through cryptocurrency mining.

Unlike most cryptocurrencies today, Monero is based on the CryptoNote protocol— unlike Blockchain, the CryptoNote protocol only allows the approximate amount of a transaction to be known, while the origin, destination, or actual amount cannot be revealed. Though Monero allows a hidden trace of every transaction made, their users still have the privilege to share certain information selectively. Every Monero accounts have their own distinctive view key which allows users to check a specific account’s transactions.

Initially, it was possible for Monero users to trace the amount being transferred while keeping the sender and the receiver hidden. But with their new update, RingCT obscured both the value of individual transactions, along with the identity of senders and recipients.

If you are interested in investing in Monero, you can acquire it through cryptocurrency exchanges like Poloniex, Bitfinex, and Kraken. Poloniex was the first cryptocurrency exchanges that offer Monero. They started offering the crypto in July 2014. Bitfinex followed in November 2016. And then Kraken, which started offering Monero in January 2017.