Review on Monero by Özgün A
Monero on its way to becoming the rising star of 2021
Almost all of the crypto coins provide traceable transfer service. In other words, you can see when and where the person sends money, in short, their account movements. At this point, you can apply to Monero if you do not want anyone to see and know the movements of my account and not follow my transactions.
It is an open source software. It can be improved but also risky. The Monero team calls themselves reliable, but none of the open source software is completely reliable. But in their slogan, they say, "Monero is a secure, confidential, untraceable cryptocurrency." In short, it is an ideal crypto currency created to make anonymous transactions. It was born as a result of branching in Bytecoin. Also, the price of Monero is quite good. I think that between 2021-2023, when the crypto money world will shine, much more prices will increase. It is among the top 20 cryptocurrencies in terms of transaction volume.
I also want to say this. You can mine in Monero, but it's not as easy as normal mining as you know it. The reason for this is to prevent price fluctuations.
The bottom line: Monero cares about privacy. So it is an ideal system for anonymous transactions. Your account activities cannot be tracked by third parties. If you want to be the sole judge of your transactions, you should definitely choose.
Pros
- High priced
- Cares about privacy
- Account controls are entirely yours
- Mining is possible
Cons
- Transaction volume is lower than it deserves
New products
Comments (1)
December 01, 2020
I can say that it is one of my favorite cryptocurrencies along with Bitcoin. Because its logo gives me a different confidence for some reason. This confidence combined with your informative writing strengthened me. It's a good article, my friend. Thank you for your information.
