Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Monero Forum => Topic started by: riponsumo on June 18, 2018, 11:50:40 AM
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How Secure Is Monero?
Using the power of a distributed peer-to-peer consensus network every transaction is cryptographically secured. Individual accounts have a 25 word mnemonic seed displayed when created, and can be written down to backup the account. Account files are encrypted with a passphrase to ensure they are useless if stolen
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Overview - Table of Contents
What Is Monero?
Getting Started With Monero
How To Get A Monero Wallet?
Monero Resources
How To Buy Monero?
How To Earn Monero?
Where To Spend Monero?
What Is Monero Mining?
Latest Monero News
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As far as I know the platform of monero is surely secure and they offer a high system to make the users comfortable for the service.
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For now;
You won't find your standard address on the blockchain. Every single output is its own one time address, there is no choice about it.
Once RingCT is merged, transaction amounts will be fully obscured (they currently are ambiguous due to the split by denominations).
With Monero, nobody can see your balance from looking at the blockchain.
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As far as I know the platform of monero is surely secure and they offer a high system to make the users comfortable for the service.
I agree mate. I think monero is very secure. I also hold my monero. and believe It is secure.
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How Secure Is Monero?
Using the power of a distributed peer-to-peer consensus network every transaction is cryptographically secured. Individual accounts have a 25 word mnemonic seed displayed when created, and can be written down to backup the account. Account files are encrypted with a passphrase to ensure they are useless if stolen
I think Monero is secure. Because I have hold monero and safe. It is my opinion.
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i think it is safe because monero has a function as a crypto currency that is full anonymous it can not be tracked our balance in the wallet will be safe
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How Secure Is Monero?
Using the power of a distributed peer-to-peer consensus network every transaction is cryptographically secured. Individual accounts have a 25 word mnemonic seed displayed when created, and can be written down to backup the account. Account files are encrypted with a passphrase to ensure they are useless if stolen
Monero is very secure. Dont worry about it. I have used monero and I think It is secure.
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it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain.
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Monero pattern of wallet and service is different than any wallet platforms. For me it is secure and can guarantee the high security to maintain the safety of your token.
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It has unique security through privacy.
For example, on ethereum the lead devs were able to confiscate money from person they with no effort. Even if monero devs wanted to do that and had some mechanism to do that, they wouldn't even know which account to do that to because shielded addresses and some additional obfuscation.
Having no premine or ICO funding thanks to good low barrier to entry PoW distribution that even browsers can do and having truly decentralized development is another huge positive aspect for XMR.
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Monero account is considered to be secure if only you dont give out your ether bank private key to any other person. Moreover, you ought to keep every secret inform concern you day in day out work. again, Even if monero devs wanted to do that and had some mechanism to do that, they wouldn't even know which account to do that to because
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I'd say you'd have a better chance of being struck by lightning than it not being secure or someone being able to trace the transactions.. I wouldn't be worried about using it at all.
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I'd say you'd have a better chance of being struck by lightning than it not being secure or someone being able to trace the transactions.. I wouldn't be worried about using it at all.
That is how transparent and secure monero services are! It is one thing to rely that they won't let their investors feel embarrassed.
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I think investment in monero is also good and safe for us to use in the long term, because the development of monero also increases every day.
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The reason for this is simple, privacy is simply one aspect of a person's security. This leads people to beat around the bush when discussing the issues with lacking privacy, but in reality when you lack privacy what you really truly lack is security.
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i suppose it is safe due to the fact monero has a characteristic as a crypto forex this is complete anonymous it cannot be tracked our stability inside the wallet could be secure.
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Monero offers a higher level of security and anonymity. The Monero ledger, unlike Blockchain, doesn’t record the actual stealth addresses of parties to transactions, and the one-time created address that is recorded is not linked to the actual addresses of the parties as well.
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The fact Monero is widely used among Darknet users proves its security 8)
To be sure you need to look through XMR WP.
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Some people believe that Monero coin is not safe.But in my own opinion,there are still plenty of investors who believes in Monero because for me it is safe.Monero is a good coin to invest.
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I strongly believe that monero is very safe to use and I strongly believe in the security of monero from the thieves.
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This could be safe as fact monero has a characteristic as a crypto forex this is complete anonymous it cannot be tracked our stability inside the wallet.This coin are well supported by some banks.
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in my opinion, monero is also very safe for us to have, and I think even though it's safe, we also need better security, and we can save the monero we have in our own wallet.
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The other thing I should note is that this is pretty much alpha-level software and seems to break a lot. For instance, I broke the network the first day or so making a large transaction because the mining code was messed up. So don't be surprised if something weird occasionally happens (backup your wallets all the time, please).