Monero (XMR)

INFO DETAILS
Created Jun 2014
Coin Proof Proof of Work
Algorithm CryptoNight
Supply N / A

Monero Info

Monero is a secure, private, untraceable currency. It is open-source and freely available to all.

With Monero, you are your own bank. Only you control and are responsible for your funds; your accounts and transactions are kept private from prying eyes.

The power of the blockchain usually increases security at the cost of privacy, but with Monero's sophisticated privacy-centric technology, you get all of the security benefits of the blockchain without any of the privacy trade-offs.

By taking advantage of ring signatures, Monero makes it ambiguous which funds have been spent, and thus extremely unlikely that a transaction could be linked to particular user.

Note: Monero (XMR) is derived from the CryptoNote platform. - source



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