Monero is a decentralized, private cryptocurrency. It works on the Random X protocol. Data from site CryptoDeFix. Provides complete confidentiality to its users - even if someone finds out your electronic payment address, this user will never be able to find out how much money you have and what you are spending it on.
Today Monero can be called one of the best cryptocurrencies in the security category. Why? Firstly, the system uses “ring signatures” - all public keys are shuffled with each other, so there is no way to identify the participants. Secondly, the generation of one-time addresses is used, protection against hacking is carried out. Also, thanks to Monero algorithms, users do not have to worry about money in electronic wallets. Investing in this cryptocurrency can become a reliable long-term liability. The Monero blockchain is protected by a reliable Proof-of-Work algorithm. Also, the XMR cryptosystem uses the latest technological innovations. Monero's cipher system is also very complex and, unlike DASH or ZCash electronic currencies, for example, it is built directly into the blockchain.
Monero's advantages over other cryptocurrencies:
- Banks cannot influence cryptocurrency.
- Monero is not a fork of Bitcoin - it is almost not amenable to changes on its part.
- Anonymous transactions.
- Unlimited emission.
- Trust and growth-considering the overall picture of the company in the market, users can only see its strengthening.