Monero is a private and decentralized digital currency, symbolized as XMR. A CryptoNote protocol is used to transfer this open-source coin. Monero news will include the developments related to the currency.
The process of mining carries out the creation of its units, whereas Blockchain is utilized to record the transactions. Blockchain used by the currency secures privacy in three ways. The Ring Signatures enable the sender to hide his identity; the Stealth addresses hide the recipient's address and RingCT hides the amount of transaction.
Monero characteristics
XMR is a secure cryptocurrency.
It is a private digital coin with its enhanced Blockchain.
It is untraceable, and its transactions are not linked to a real-world identity.
XMR is a fungible cryptocurrency that cannot be blacklisted.
