Monero 2018-02-07T19:55:41+00:00

what is Monero XMR Monero price

What is Monero?

Monero has been around since April 2014 and was the first hard fork of the cryptocurrency Bytecoin. Monero allows users to send and receive funds without the transactions being publicly visible on the blockchain.

Keeping it’s users anonymous is number one priority when using Monero. With Bitcoin, all information can be traced back through the publicly visible blockchain should any parties wish to do so. Monero uses a clever cryptographically sound system known as a ring signature. What this does is it sends each transaction through as part of a group of other transactions. At least one will be a genuine transaction, so for anyone watching or trying to trace the source, the task would be incredibly difficult given the enormously high number of possibilities.

This makes Monero appealing to those inclined to use the currency for illicit activities. Some dark net marketplaces have already started accepting Monero as it is seen by some as more private than the formerly used Bitcoin.

In 2017 we have also seen popular website CoinHive, which allows users to add a Monero mining java script into the code of their website. This allows users to volunteer some of their spare hash power in order to help that website or app min Monero. This has become popular among a few charitable organisations like Bail Bloc. Using the Monero mining feature they can allow people to donate to the cause without having to donate any actual cash.

Where to buy Monero

More Information & resources:

Monero (XMR) ​Live Price:

Recent cryptocurrency news

ABBC Foundation Deepens Its Lineup of Global Partnerships

May 9th, 2019|0 Comments

ABBC Foundation witnessed huge improvements and continuous development within Q1 2019. Since the official settlement with Alibaba Group, ABBC Foundation established its new R&D facility in the United States to facilitate the soon-to-be-launched Coin Shopping [...]

  • Ripple update Ripple cryptocurrency

Trading Ripple vs Other Cryptos: Comparison

May 5th, 2019|0 Comments

The cryptocurrency market has recently become crowded, with the leading coin – Bitcoin - having risen nearly 60% from its bottom of $3,147 in December 2018. Many altcoins have exhibited dramatic increases, including Ripple, which [...]

  • abbc coin

China’s Alibaba Group Successfully Seizes “Alibabacoin”

March 18th, 2019|0 Comments

The vast power and potential of the Internet as a medium for trade and business has been utilized through the years. Multiple e-commerce platforms have been developed and is taking advantage of the digital world’s [...]

  • cryptocurrency digital marketing choosing the right domain crypto website

Choosing the Best Domain Name for a Crytocurrency Related Website

February 14th, 2019|0 Comments

Cryptocurrencies are quickly becoming one of the most sought-after trading and investment instruments. While the concept of Bitcoin was foreign to the average trader only a handful of years ago, recent statistics have shown that [...]