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Monero 2017-10-31T00:59:05+00:00

What is Monero?

Monero has been around since April 2014 and was the first hard fork of the cryptocurrency Bytecoin. Monero allows users to send and receive funds without the transactions being publicly visible on the blockchain.

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Monero (XMR) ​Live Price:

Keeping it’s users anonymous is number one priority when using Monero. With Bitcoin, all information can be traced back through the publicly visible blockchain should any parties wish to do so. Monero uses a clever cryptographically sound system known as a ring signature. What this does is it sends each transaction through as part of a group of other transactions. At least one will be a genuine transaction, so for anyone watching or trying to trace the source, the task would be incredibly difficult given the enormously high number of possibilities.

This makes Monero appealing to those inclined to use the currency for illicit activities. Some dark net marketplaces have already started accepting Monero as it is seen by some as more private than the formerly used Bitcoin.

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