Review on Monero by Gabriel Medina
Monero with good expectations
Monero is a secure, private, and untraceable cryptocurrency. Its code is open and accessible to everyone. With Monero, you are your own bank, only you control and are responsible for your funds. In this way, accounts and transactions are kept private from prying eyes. Transactions are confirmed by distributed consensus, and then immutablely recorded on the blockchain. No need to trust third parties to keep the system secure.
The Monero system uses rings and rings signatures in confidential transactions to hide the amounts, origins and destinations of all operations.
The block system is based on the impossibility of tracing operations through a ring signature scheme.
In short, when a transaction is made on the Monero blockchain, the receiver's public address is not displayed on the blockchain.
In conclusion, Monero has very good characteristics that make it unique and a more lucrative cryptocurrency with good expectations.
Pros
- Privacy.
- Security.
- Tracing is not possible.
- Decentralized.
- Valorization.
- There are many purchase options.
Cons
- Insecurity due to lack of control due to decentralization
- The possible use for non-illegal purposes due to their anonymity
