- Category: Privacy Coin
- Coin Launched: April, 2014
- Resources: White Paper
- Official Website: Monero
- Reddit: Monero
MONERO History / Information / Buying / Staking
Monero was introduced in 2014 on the Bitcointalk form by a user named “Thankful_for_today” as a fork of Bytecoin. Today, Monero is an open-source project maintained by a decentralized developer community.
HOW MONERO WORKS
Monero is a decentralized cryptocurrency. It uses a public distributed ledger with privacy-enhancing technologies that obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading monero, transaction amounts, address balances, or transaction histories.
BENEFITS OF USING MONERO
One of the most private cryptocurrencies.
Transactions are impossible to link to a person and transactions are impossible to trace..
The blockchain doesn’t have a limit. The dynamic scalability of it means that fees shouldn’t end up huge even when it is being used a lot.
CAN YOU STAKE MONERO
Monero is available for staking on crypto exchange platforms.
OTHER METHODS TO MAKE MONEY WITH MONERO
One way to leverage this crypto for the purposes of profitability is to mine Monero. To do this, you need only a computer with a sufficient central processing unit (CPU) or graphics processing unit (GPU) and software which can be downloaded on the internet. Another way is passive income off your Monero holdings, and lend monero to crypto lending platforms.
- COINS SIMILAR TO MONERO