Review on Monero Classic by Fabrizio Zampieri
Monero-Classic is a decentralized cryptocurrency. It is based on CryptoNote…
Monero-Classic is a decentralized cryptocurrency. It is based on CryptoNote protocol and retains all parameters and features of the original Monero chain. Monero-Classic team will continue to build the ecosystem based on original Monero features, making original chain of Monero and its surrounding ecosystem thrive.
Monero-Classic is fungible because it is private by default. Units of Monero-Classic cannot be blacklisted by vendors or exchanges due to their association in previous transactions.
Monero-Classic wasn't a real Monero hard fork. Monero hard forked from itself when updating from v 0 11 1 0 to version v 0 12 0 0, and Monero-Classic is working with Monero Network version v 0 11 1 0.
Monero-Classic (XMC) is a cryptocurrency with a current supply of 16 016 864 XMC (there isn't any information about XMC in circulation).
XMC cryptocurrencies were sold through a 7 days crowdfunding.
XMC is tradable on HitBTC, Gate io and TradeOgre exchanges).
Pros
- - Strong privacy (Monero-Classic uses ring signatures, ring confidential transactions, and stealth addresses to hid the origins, amounts, and destinations of all transactions). - Monero-Classic provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions. - Transactions on the Monero-Classic blockchain cannot be linked to a particular user or real-world identity.
Cons
- - Crypto community uses much more Monero than Monero-Classic. - Monero Classic ROI: -83,88% (the approximate return on investment if purchased at the time of launch).
