Launched in 2014, Monero is designed to be truly private and untraceable. Unlike Bitcoin, Monero transactions are confidential, obfuscating sender, recipient and transaction amounts through advanced cryptographic techniques like ring signatures and stealth addresses.
What are the advantages of Monero?
Four other major advantages of Monero over Bitcoin
- Monero's superior mining algorithm.
- Monero's 'Adaptive block size limit'
- An impressive integration of the 'invisible internet project' I2P layer into Monero is in development.
Can Monero reach $1,000?
As per our price prediction from 2023-2030, the XMR coin could achieve the $1000 milestone by the end of 2030, based on its past price performance on the chart and current market trends.
Is Monero still untraceable?
Monero is the first privacy-focused and censorship-resistant blockchain. Every Monero blockchain user and their transactions are anonymous by default. Two essential characteristics are the cornerstone of the Monero Protocol: Untraceability - All possible senders are equiprobable for each incoming transaction.
What are the weaknesses of Monero?
There are various key advantages of Monero. For example, it allows more individuals to mine the cryptocurrency through CPUs rather than ASICs. A key disadvantage of this digital currency is its slow transaction processing speed.
Why is monero a good crytocurrency
Apr 29, 2022 — On paper, Monero is an excellent cryptocurrency. It has a well-defined, unique use case, impressive technical specs, and an early-mover