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Author Topic: what is monero?  (Read 4062 times)

Offline Crestie C. Tuvilla

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what is monero?
« on: May 24, 2018, 09:07:54 AM »
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy and decentralization that runs on Windows, macOS, Linux, Android, iOS, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.[1]

The focus on privacy has attracted illicit use by people interested in evading law enforcement.[2][3] The egalitarian mining process made it viable to distribute the mining effort opening new funding avenues for both legitimate online publishers and malicious hackers who covertly embed mining code into websites and apps.

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what is monero?
« on: May 24, 2018, 09:07:54 AM »

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Offline Eben

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Re: what is monero?
« Reply #1 on: May 25, 2018, 02:27:48 AM »
Monero is the leading cryptocurrency with a focus on private and censorship-resistant transactions.
Most existing cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains, meaning that transactions are openly verifiable and traceable by anyone in the world. Furthermore, sending and receiving addresses for these transactions may potentially be linkable to a person's real-world identity.
Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts.

Offline Enzosikky

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Re: what is monero?
« Reply #2 on: May 28, 2018, 03:04:56 AM »
Exactly as its been said above, Monero is one of the numerous Cryptocurrencies available. Its not the most popular though but its among the popular ones and its strength lies in privacy and annonymity. For that aspect, none beats monero
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Offline LisaM023

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Re: what is monero?
« Reply #3 on: May 29, 2018, 05:00:35 PM »
Hello, could you recommend me some exchanges where monero is available to trade?

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Re: what is monero?
« Reply #4 on: May 31, 2018, 08:01:35 PM »
In addition, Monero (XMR) is a cryptocurrency which focuses on being untraceable and private. Its design differs from Bitcoin’s in a few key ways, but it should be understood as a cryptocurrency similar to Bitcoin – it can be used to buy and sell things, and can be exchanged for other  coins or tokens.

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Offline Kingking

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Re: what is monero?
« Reply #5 on: June 10, 2018, 11:42:10 AM »
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy and decentralization that runs on Windows, macOS, Linux, Android, iOS, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.[1]

The focus on privacy has attracted illicit use by people interested in evading law enforcement.[2][3] The egalitarian mining process made it viable to distribute the mining effort opening new funding avenues for both legitimate online publishers and malicious hackers who covertly embed mining code into websites and apps.

Monero is created to focus on privacy. It uses a public ledger to record and transact. New units will created a process called mining. It also enhance the crypto currency.
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