Monero[XMR]
Monero is an open-source cryptocurrency focused on privacy, built on a proof-of-work (PoW) blockchain.
Monero, launched in 2014, is an open-source, privacy-focused cryptocurrency. It emerged from a small online tech community, growing to gain credibility and market share. Its key feature is enabling transactions without revealing user data on the public blockchain, effectively obscuring user activity and making it hard to trace.
XMR uses innovative tech to achieve this. Ring Signatures mix the sender's digital signature with others, making the transaction appear to originate from any of the signers; currently, 11 signatures are involved. Stealth Addresses create unique, one-time accounts for each transaction, using a "view key" for the owner to identify funds privately.
Introduced in 2017, Ring Confidential Transactions (RingCT) hide transaction amounts on the blockchain. This allows multiple inputs and outputs within a single transaction while preserving anonymity and preventing double-spending. Together, these features make Monero a robust tool for private digital transactions.
XMR uses innovative tech to achieve this. Ring Signatures mix the sender's digital signature with others, making the transaction appear to originate from any of the signers; currently, 11 signatures are involved. Stealth Addresses create unique, one-time accounts for each transaction, using a "view key" for the owner to identify funds privately.
Introduced in 2017, Ring Confidential Transactions (RingCT) hide transaction amounts on the blockchain. This allows multiple inputs and outputs within a single transaction while preserving anonymity and preventing double-spending. Together, these features make Monero a robust tool for private digital transactions.
Privacy CoinsProof Of Work (PoW)