Review on Monero by ava sandres
one of the first coins that able to mine with mobile
Monero is a cryptocurrency that is safe, secret, and untraceable. Its source code is public and free to anyone. You are your own bank with Monero, and you are solely accountable for and in control of your funds. Accounts and transactions are kept hidden from inquisitive eyes in this way. Distributed consensus confirms transactions, which are then immutably recorded on the blockchain. There is no need to rely on third parties to maintain the system safe.
In confidential transactions, the Monero system employs rings and rings signatures to disguise the quantities, sources, and destinations of all activities.
The block system is predicated on the fact that tracing activities using a ring signature method is impossible.
Pros
- It is not feasible to trace the source of the problem.
- There are several purchasing options available.
Cons
- Decentralization has resulted in a loss of control, which has resulted in insecurity.
