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Review on Monero by Thi Hoa

Revainrating 4 out of 5

Around May and a bit before then it was so decided that whereas the people in…

Around May and a bit before then it was so decided that whereas the people in charge of Monero don't currently like botnets more than the effect of not having them mine Monero, the method in which mining Monero was changed by the people that have the ability to change the source code of Monero, in order to discard the old botnets during some likely routine hard forking event.
In reflection of this change becoming a reality, the difficulty algorithm adjusted itself to reflect this action. As the hashrate is derived from difficulty, the graph that displays hash rate was left with a rather abrupt and jagged looking cliff. Whether or not it was a mistake is a matter of speculation likely for some time to come, though it was unquestionably a major event.




Pros
  • Also Monero is the only coin today with long-known and well-studied Cryptonight algorithm, published and discussed in peer-reviewed scientific journals since year 2000. Other coins attract users by either sparkling but unverified new ideas like ZCash/zk-snark or just hard PR management like Dash.
Cons
  • Not enough exposure of XMR, fees, complexity.

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