Review on Monero by Ambar Quintana
Review on Monero
It is a secure and feasible platform for transfers, running on some networks such as Windows and MacOS, and has a market capitalization of $ 1.3B; Monero aims to increasingly emphasize the privacy of users, whether during information processes or even in the same transactions, making it a priority for it, apart from taking the focus on the decentralization of applications or dApps It should be noted that its technological operation also goes hand in hand with this reliability of the users, providing the concealment of identities, both of the sender and receiver during the transaction, as well as the amounts and other repercussions, that is why its system of Privacy has three elements: Ring signatures, which take place in hiding the issuer from information and other transactions; the furtive addresses that cloud the receiving address of the transaction, and the confidential transactions in a ring, whose role is not to expose the amount raised during the process. However, it is a project that guarantees the security of its users in an optimal way and reliable, thus providing a good cryptographic scheme and potential within the market, making it a transparent and viable option within this digital structure
In summary, Monero is a cryptocurrency of great advance and digital innovation within this competitive market, which is why it is considered a progressive project, based on new forms and structures that make its operation a dynamic, transparent scheme, and of course scalable
Pros
- Secure and transparent transactions
- Available to any user
- Priority systems in privacy, organization and authorship
- Good technological and cryptographic scheme
Cons
- High competitiveness ithin the market
