Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Monero Forum => Topic started by: totol02 on September 09, 2018, 01:58:10 PM
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Monero is a digital currency built using blockchain technology. Like Bitcoin, Monero can also be used to send or receive payments. So, how is it different from Bitcoin and other cryptocurrencies?
Monero wasn’t built using Bitcoin’s technology. Monero was founded in 2014, with a focus to improve on the lack of privacy in Bitcoin.
When you send Bitcoin to someone, everyone can see who the sender and the receiver is, and how much the transaction is worth.
Outside users cannot see the names of the two users, however, everyone can see the public address of the user’s Bitcoin wallet. And in the world of Bitcoin, your public address is your identity.
Not only that, but everyone can see all the previous transactions in which a particular Bitcoin was used. So, if a Bitcoin that you hold was used in an illegal trade in the past, someone can refuse to accept it from you.
This is different to how Monero transactions work. When a Monero transaction takes place, the identity of the sender and receiver remains private. Also, Monero transactions cannot be linked to each other. Every Monero transaction is private, unlinkable and untraceable, just like physical cash.
If someone pays you using a $100 bill, do you have any idea of where it has been used before? Or who the past owners of the $100 bill were? No!
This is what Monero brings to the cryptocurrency transactions — it offers you privacy. If you make a payment using Monero, no one can see what you’re spending your money on. Which has proven to be an attractive feature for some!
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You can read about what is monero (https://seo spaminfo/monero/what-is-monero) here.
Monero doesn’t enjoy the popularity that many other cryptocurrencies of similar market capitalization do. Despite this, it has attracted quite a loyal following, and respect amongst the cryptocurrency community. A section of the masses even calls it ‘what Bitcoin was meant to be’. This is due to its single-minded focus on privacy.
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Thanks for sharing this. I hope lot of people who know little about monero will lead a lot from this. One thing that really makes this coin stand out is it’s privacy and I really like that.
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Monero is a digital currency similar to Bitcoin, but it offers a higher level of security and anonymity for users and their transactions. The popularity of Monero does not grow just because of the black market, but also because of the huge amount of people who are not fond of government, hackers, and corporations.
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Monero coin is a good promising coin.This is also profitable in terms of investment.Monero is a digital currency built using blockchain technology.It can also be used to send or receive payments.
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monero is a decentralized digital currency, and monero has advantages that bitcoin does not have, and I feel that speed and low cost are very beneficial to monero.
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Monero is a privacy coin that offers a best anonymity for users. It is not easy to find if you make transaction using this currency. So it is a popular currency. Monero is a privacy focused coin released in 18 April 2014.
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Monero is a digital currency similar to Bitcoin, but it offers a higher level of security and anonymity for users and their transactions. The popularity of Monero does not grow just because of the black market, but also because of the huge amount of people who are not fond of government, hackers, and corporations.
It seems that it is precisely because of the high level of anonymity of Monero that states and their governments will further try to restrict the circulation of this coin up to its complete ban. I have already read that this coin is already banned in Japan and some other states. Now, on the contrary, states are trying to almost completely identify participants in transactions in cryptocurrency.
Well, the confrontation between states and cryptocurrencies with a high level of anonymity seems to be still ahead.
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Monero is a popular privacy coin this coin is popular in dark world transactions no one can track this network because this is fully privacy coin so this coin is popular in the cryptomarket many countries are banned this coin however Monero is a potential investment coin.
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This is a popular and potential altcoin it has own blockchain this is popular for anonymous transactions so this coin is untraceable no one can break the privacy of this coin so this coin is popular for dark transactions actually this is a ultimate anonymity technology.
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Monero is a popular privacy coin this coin is popular in dark world transactions no one can track this network because this is fully privacy coin so this coin is popular in the cryptomarket many countries are banned this coin however Monero is a potential investment coin.
Yep, monero is good private clin and has been used by many investors for their private transaction.
I think This coin could be misused to illegal activities.
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Monero is a popular privacy coin this coin is popular in dark world transactions no one can track this network because this is fully privacy coin so this coin is popular in the cryptomarket many countries are banned this coin however Monero is a potential investment coin.
Yep, monero is good private clin and has been used by many investors for their private transaction.
I think This coin could be misused to illegal activities.
You're right , monero is good private coin that use many investors to their private transaction.
I think We should know, several government didn't like this coin because They doubt, this coin will use to criminal and illegal activities