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

  • Domain Names Are Crucial For Mass Adoption

NNS Mainnet has launched

October 17th, 2018|0 Comments

The Neo Name service is finally live after months of testing. Users can now bid on .neo domain names to use instead of their public key. NNS launched on November the 9th and users can [...]

  • Mastercard May Be About To Enable Bitcoin Transactions

Mastercard May Be About To Enable Bitcoin Transactions

October 10th, 2018|0 Comments

Bitcoin and cryptocurrencies has gained unprecedented media attention since being launched in 2009. Many have debated as to whether or not bitcoin will make into mainstream markets, and many have argued that bitcoin needs to [...]

  • Sweatcoin app

SweatCoin Literally Pays You $0.06 USD Per 1,000 Steps!

October 9th, 2018|0 Comments

Sweatcoin is an App available both on IOS and Android devices that literally pays you for working out. By allowing the app to use your location and count your steps, you are rewarded by Sweatcoin [...]

  • coinbase wall street

Coinbase Looking To Recruit 150 More Staff, Recruiting Wall Street’s Finest!

October 5th, 2018|0 Comments

Coinbase, the biggest cryptocurrency exchange in the United States have recently opened an office in New York City. Instead of selling cryptocurrency to regular individual investors like it has been, the purpose of the New [...]