WHAT IS MONERO
Monero is a secure, private, and untraceable digital cryptocurrency. It is open-source and accessible to all.It is decentralized so only user can control and are responsible for your funds. Your accounts and transactions are kept private from prying eyes. Monero is based on the CryptoNote protocol.It aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made.
History Of Monero
Monero was originally launched by pseudonymous author Nicolas van Saberhagen in October 2013. It was originally launched by a Bitcointalk forum user only known as "thankful_for_today" under the name BitMonero that is a compound of Bit (as in Bitcoin) and Monero (literally meaning "coin" in Esperanto).Five days later, the currency's supporters opted for the name to be shortened to Monero. In September 2014, Monero was attacked and a flaw in CryptoNote that permitted the creation of two subchains that refused to recognize the validity of transactions on each other. CryptoNote later released a patch for the flaw, which Monero implemented.
Monero experienced rapid growth in market capitalization and transaction volume during the year 2016, partly due to adoption in 2016 by major darknet market AlphaBay
On January 10, 2017, the privacy of Monero transactions were further strengthened by the adoption of Bitcoin Core developer Gregory Maxwell's algorithm Confidential Transactions and hiding the amounts being transacted, in combination with an improved version of Ring Signatures
Features of Monero
Features that distinguish it from other cryptocurrencies.
With Monero, you use a virtual P.O. box instead of your actual address, your transactions cannot be linked back to you.
It is a way to make sure a transaction can’t be tied back to a specific individual.
You can share your public-view key .With this other people can see your transactions. With the public-view key, regulators can view all of the transactions.
Monero is designed with a “look-back” window means the network reviews the preceding transactions and automatically adjusts the size of the blocks to account for transaction volume.
Future of Monero
Monero it is privacy-focused cryptocurrency so it has a bright future. Since the beginning of year XMR Price was rising and everyone is paying attention to monero . At current price levels Monero is the eleventh largest cryptocurrency on the market just behind of Ethereum Classic (ETC).
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