![]() ![]() No one else in the world can know unless people involved in the transaction decide to tell them. ![]() Only you and Bob would know about the 15 XMR you exchanged, only Kate and Bob would know about the 12 XMR they exchanged and so on.Moreover, Monero transactions cannot be linked to each other and cannot be traced to their starting point.įor example, consider that you transfer 15 Monero ( XMR) to Bob. In a Monero transaction, the identities of the sender and receiver remain 100% private. The following are the key features of Monero, which are quite different from Bitcoin and all other cryptocurrencies created from Bitcoin. But unlike Bitcoin, it uses the CryptoNote algorithm - this is what makes it so unique. Also, like Bitcoin, Monero is built on blockchain technology. Like Bitcoin, Monero is a digital currency that can be used to send or receive payments. Let’s start with Monero’s background and what makes it so different!ĭapps Metaverse Augmented Reality: A Thorough Introduction How is Monero Different? So, by the end of this guide, you will have a clear understanding of what is Monero, how it works and how to buy Monero. Well, I am going to tell you exactly what it does and much more in this guide. I will also take you through a step-by-step process of where and how to buy Monero. Have you heard about it too, but don’t know what it does? Monero offers more privacy than most cryptocurrencies, including Bitcoin or Litecoin. It is usually the 10 th or 11 th largest cryptocurrency, depending on the market cap of that particular day. Launched in April 2014, Monero now has a market capitalization of about $1,6 billion. Because of its uniqueness, it has slowly but continuously gained popularity. Monero is a cryptocurrency that is quite unique and different, especially when compared to Bitcoin. Hey, everyone! Welcome to my full guide on the cryptocurrency, Monero! Here, you will learn all about Monero, as well as where and how to buy Monero! ![]()
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