$434.17 / $406.29
What is Monero (XMR)
Monero (XMR), created in April 2014, is an open source cryptocurrency that focuses on privacy, fungibility and decentralization. Monero has its own unique public ledger that makes XMR transactions super private. This ledger, obfuscated public ledger, ensure anybody can broadcast or send transactions while keeping the information like a secret. Nobody can tell the source, amount or the destination of the transaction. New coins are created with Proof of Work algorithm just like Bitcoin (BTC). However, the supply of Monero is not limited to a number.
The biggest feature that Monero has is the privacy. On traditional blockchains, everyone can see every transactions ever settled on that blockchain. For example, on Bitcoin, if you send to your friend Coin Bench 0.1 BTC, not only you and Coin Bench but also everyone can see that transaction is settled. Yet, on Monero, no stranger can see your transactions or what you have got on your wallet.
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