1 Level
5 Review
9 Karma
Review on Monero by Vladimir Lesnikov
A fully private and untraceable blockchain. Better to have it in your potfolioโฆ
A fully private and untraceable blockchain. Better to have it in your potfolio! But remeber there are similar projects (ZCash & PIVX).
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Pros
- It was created with focuses on fungibility and decentralization. It is very fast - Only takes about 2 minutes to verify a transaction. It has no blocksize limit: The blocksize can be increased based on demand. Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination.
Cons
- Does not have a standard voting system for the project changes: Suggestions for the network can be posted on the forum, but Monero developers will decide themselves on which to adopt. Still uses the Proof of Wrok algorithm. However, it utilizes another mining algorithm that is designed for CPU mining, which means individuals can mine and centralized mining pool is unnecessary.
