Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Monero Forum => Topic started by: robert20 on December 02, 2020, 05:39:11 PM
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I don't know much about Monero.I want to know about it.
Why is it so popular specially among miners?
And what is main concept of this project and it's use cases?
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I think it's because of its privacy - it uses so called stealth addresses, the address appears to be different with every transaction even if it is made to the same person. So it's untraceable. Also the signature process is more complex than for most cryptos.
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I don't know much about Monero.I want to know about it.
Why is it so popular specially among miners?
And what is main concept of this project and it's use cases?
We all know, why the reason Monero is so popular. Monero ranks is number #16 now. Monero is good privacy coin and untraceable. Monero has been used by many investors for their payment now.
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I don't know much about Monero.I want to know about it.
Why is it so popular specially among miners?
And what is main concept of this project and it's use cases?
We all know, why the reason Monero is so popular. Monero ranks is number #16 now. Monero is good privacy coin and untraceable. Monero has been used by many investors for their payment now.
I agree with your opinion, the reason why Monero is so popular because Monero is good privacy transaction and really untraceable. Monero is anonymity. I see many investors have used Monero now.
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I don't know much about Monero.I want to know about it.
Why is it so popular specially among miners?
And what is main concept of this project and it's use cases?
I have read several comments here, I agree why Monero is so popular because Monero is good privacy coinand untraceable. I see many people have Invested in Monero and used this coin for their transactions.
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We have no doubt that Monero (XMR) is a popular cryptocurrency. Currently, the price of XMR is increasing a lot with the rise in the price of high level cryptocurrencies. More development is expected in the future. But there is a long way to go.
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I don't know much about Monero.I want to know about it.
Why is it so popular specially among miners?
And what is main concept of this project and it's use cases?
Monero is so popular because Monero is good privacy transaction and untraceable. I think It will be used by many hackers and illegal activities. many investors also used this coin for their transactions.
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There are many privacy coin in the cryptomarket but Monero is most popular privacy coin this is untraceable coin you can make transactions fully anonymity this is popular in the dark web it has big market capitalization so this coin always stay in top places many investors using this coin for long term investments.
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I think several brothers have asked your questions here. Monero is so popular because It is good for private transaction and untraceable. I think many people have used it for their transactions. But we should be careful, because maybe illegal activities will use this coin.
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I don't know much about Monero.I want to know about it.
Why is it so popular specially among miners?
And what is main concept of this project and it's use cases?
I personally believe there are 2 reasons behind the popularity of Monero,
1. Anonymous in nature - Monero is a privacy coin so it is untraceable unlike bitcoin! So whoever is more concerned about privacy, Monero is their ideal choice!
2. CPU only mining - Monero is a CPU mining coin. So you wouldn't need expensive mining rigs to mine it. The Random-x algorithm is specifically made for CPU mining. That's what I believe is the major reason for its popularity.
Hope that helps!
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The cryptocurrency of the mind also occupies a lot of space. No one knew about this mind coin a few days ago but now it has become very popular. Everyone who works in cryptocurrency has an idea about the mind. The future of this coin is increasing day by day. Because the coin of the mind is going to be a well-known coin.
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I don't know much about Monero.I want to know about it.
Why is it so popular specially among miners?
And what is main concept of this project and it's use cases?
The Reason why Monero is so popular, because Monero is good private transaction coin. Many people have used this coin for their transaction.
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I don't know much about Monero.I want to know about it.
Why is it so popular specially among miners?
And what is main concept of this project and it's use cases?
Monero is so popular coin in cryptocurrency market. It is a stable coin in cryptocurrency and It is in number 16 in coinmarketcap. Day by day it developing it’s market. Monero is a privacy and untraceable coin. For this reason maximum investors like this coin to invest.
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This coin was created for the utmost privacy.
Bitcoin privacy because transactions are P2P without any intermediaries, but the nominal value for sending Bitcoin is still visible.
But Bitcoin can also be very private when it comes to the Mixer, where when Bitcoin enters the Mixer it will just appear to be scattered over a different time frame.
But for Monero, it can be privacy without having to go through Mixer because the transaction only provides the destination wallet without any nominal being given.
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Monero is a popular coin because monero is a privacy coin. It offers a high level of anonymity for users and their transactions and monero is also a reliable and profitable coin for investors.
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Monero is popular in the cryptomarket but this coin is not a competitor of ethereum and BTC but this is popular in privacy coins section monero has popular untraceable technology so you can make payments without foot prints no one can track your monero transactions.
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Monero is a good privacy coin it has power ful untraceable technology it has many advantages it has good developers also this technology is growing everyday coming months monero will add many good advantages so it attracting lot of users
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Monero is number one privacy coin all crypto users agree with this statement. It has a unique position in the crypto market. So lot of users believe in this coin also this is popular in dark web for privacy transactions.
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Monero is number one privacy coin all crypto users agree with this statement. It has a unique position in the crypto market. So lot of users believe in this coin also this is popular in dark web for privacy transactions.
Agree, I think Monero is the best privacy coin that no has been used by many investors who want do privacy transaction.
It's good coin to do it.
But , beware at several countries has been banned ..
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2. CPU only mining - Monero is a CPU mining coin. So you wouldn't need expensive mining rigs to mine it. The Random-x algorithm is specifically made for CPU mining. That's what I believe is the major reason for its popularity.
While it's true, technically it's possible to mine Monero at GPU. Although you'll mine at loss.
Monero is number one privacy coin all crypto users agree with this statement. It has a unique position in the crypto market. So lot of users believe in this coin also this is popular in dark web for privacy transactions.
Except CoinDesk (https://www.coindesk.com/tech/2021/05/13/crypto-directory-shows-continued-interest-in-monero-adoption/) stated the popularity isn't limited on dark web or drugs.
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tHe reason why monero is so popular because many people used it.
There are many people who want do transactions privately.
But I'm not..
I know about monero, zcash and dash.
I think Monero is the best.
Maybe sometime I will use this coin, maybe...
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Even if this is an old thread, I'd add an important reason why Monero is so popular which hasn't been mentioned.
It's a decentralized cryptocurrency with no central "managers". The launch was relatively fair, although there seems to have been some instamine by a selected group. But most other "privacy coins" were much worse. Zcash for example had a premine (which benefitted the founders enormously), Dash had a much larger instamine than XMR, and let's not talk about Bytecoin (Monero's "sister currency").
Until now, the Monero community keeps its decentralized flavour. The only other privacy coin I know with similar "ethics" like Monero is Grin.
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But for Monero, it can be privacy without having to go through Mixer because the transaction only provides the destination wallet without any nominal being given.
Yeah, monero is good privacy coin. It's good if you want do private transaction, I personally ever used it at the past.
People which want to be anonymous can use it.
Many people said, monero is the best privacy coin, I agree with this.