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Review on Monero by Mr Benji
A striking feature of this cryptocurrency remains its ‘ring signatures’. It is…
A striking feature of this cryptocurrency remains its ‘ring signatures’. It is a type of brilliant privacy feature that can help in keeping a transaction sufficiently protected
Updated 5 years ago
Rating has not been changed
Monero is still a privacy king and I bet it will stay this way for a long time.
The price is around 100 USD hugging in the top 15.
Some highlights:
- Monero hard fork
- ZB exchange listing
- Monero Conference Stream
- Few Summits
- CryptoBridge listing
- Network update
Pros
- It can offer much privacy 1. You can have complete control 2. All deals are fungible 3. It has dynamic scalability 4. It is ASIC resistant 5. There can be multiple keys Transactions can’t be linked. There is no block limit in the block chain and it is not dynamically scalable. The growth has been massive. It has a very capable development team at its core. The privacy features can be the best. A person cannot trace a transaction. Due to its structure, there can always be a continuous stream of 0.3 XMR/min supply, even when there is no supply of Monero! Selectively, transactions can be made transparent if a person wants to make it.
Cons
- About 43% of the cryptocurrency belongs to just three mining pools and that can be a centralization issue in spite of ASIC being in place. There is not much hardware compatibility of Monero wallets. User friendliness may not be much compared to Bitcoin and therefore, acceptance rate is lower.
