What is Monero (XMR)? | Monero XMR Explained in Under 60 Seconds

Monero (XMR) is a highly decentralized, transparent, proof of work cryptocurrency. Focused on providing privacy, anonymity and security during transactions.

Unlike Bitcoin, Monero (XMR) is completely fungible, meaning the usage of each coin cannot be monitored. Monero is completely private & can’t be traced.

Using privacy enhancing technologies, the sender, receiver and amount of every Monero transaction is hidden to provide complete anonymity.

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Ring Confidential Transactions (Ring CT) is the technology behind Moneros hidden transactions. Ring signatures are implemented to hide transaction data.

Stealth Addresses provide enhanced security by creating random one-time addresses for each transaction. These addresses cannot be traced.

Monero is known for its high level of security. Governments have offered large sums of money to anyone that can actually crack Monero’s code.

WEBSITE: https://www.getmonero.org/