Review on Monero by Mayra Coba
Private, anonymous and secure cryptocurrency Monero
People over time have gotten used to the type of anonymous cryptocurrencies for fear of revealing their identities and therefore many have come out on the market. In this case we find Monero, one of the first anonymous, private and secure cryptocurrencies, also not traceable.
Monero is a project that is based on the terrain of anonymous transactions. It is a decentralized open source digital currency focused on privacy, fungibility, and decentralization.
Like other cryptocurrencies, it is used to transfer funds almost quickly and instantly.
All operations that are made on the blockchain of this platform are completely anonymous and it uses a blockchain solution to decentralize its network.
Some classify it as a cryptocurrency for criminals due to various illicit activities that have been carried out with them. This is an unfortunate disadvantage for the use of anonymity.
In any case, Monero is still an excellent project that seeks to differentiate itself from others and stand out in all its characteristics that break any scruples of the banking order with its non-traceable private transactions.
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Pros
- Cryptocurrency can be mined on specialized equipment.
- Completely anonymous, private and secure transactions.
- You are responsible for everything and your funds.
Cons
- They can be used for illegal purposes.
- It could be subject to regulations.
