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Review on Monero by Syzmon Nowak

Revainrating 4 out of 5

Monero - unique and popular crypto project

Monero is a cryptocurrency that stands out from the crowd due to one key feature: anonymity. It caters to a very specialized market by providing opacity and protection at both ends of the transaction. However, in terms of ethics, this extra value might be questioned. Monero is the ideal solution for anyone wanting to safeguard their privacy when it comes to transaction anonymization. Despite the fact that there are a slew of anonymous currencies on the market, XMR remains the safest because Chainalysis has cracked the confidentiality codes of a few of them. Monero is posing a rising threat to cryptocurrency acceptance in general.

Pros
  • Monero, like Fiat, is a fungible currency.
  • Individuals may make a lot of money through mining.
Cons
  • Monero is occasionally linked to illegal activities.

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