Monero

05.03.2018

Monero is an open-source virtual currency launched in April 2014 that focuses on privacy and decentralization. It is one of the top cryptocurrency to invest as Bitcoin alternative in the year 2018

This top cryptocurrency is completely crowd funded and donation based.

Monero is based on the CryptoNote protocol algorithm. This algorithm was invented to add multiple privacy features not seen in most cryptocurrencies. For this, it uses a special technique called 'ring signatures.'

Unlike Bitcoin where a transaction can be tracked. This algorithm makes it nearly impossible to track any kind of processed transactions between addresses and neither amount of funds on an address can be determined.

This was a major upgrade over Bitcoin and make Monero more secure and untraceable currency.

Originally launched as BitMonero, later shortened their name to Monero. Moreover, the market cap of Monero is $1,314,184,017 with a value of around $165.87 per unit. Monero is growing rapidly and seems to have bright future, and one of the top cryptocurrency to invest besides Bitcoin in 2018.

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