Review on Monero by Helen Strong

Name: Monero
Item: Monero
Rating: 4

May 31, 2018

Monero may be used to purchase many goods and services. Monero has made…

Monero may be used to purchase many goods and services. Monero has made several large improvements since launch. The blockchain was migrated to a different database structure to provide greater efficiency and flexibility, minimum ring signature sizes were set so that all transactions were private by mandate, and RingCT was implemented to hide the transaction amounts.
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Pros

Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts. Monero transactions are confidential and untraceable. Monero cannot become tainted through participation in previous transactions. This means Monero will always be accepted without the risk of censorship. Monero provides the maximum amount of decentralization.

Cons