Review on Monero by Francisco Varela
Monero XMR Project
It is a currency with some years in the nascent crypto market of a bytecoin fork, it is a private, decentralized currency that is to say operated by a network of users and being private it is fungible. Its operation is through the use of ring signatures (anonymous signatures) and hidden addresses, which do not reveal the address or identity of the recipient.
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Pros
- Based on the CryptoNote protocol.
- Completely private and hidden transactions.
- Its price today is $ 69.49 USD and it is ranked number 16 in the crypto market.
- Monero XMR can be mined, and bought from exchanges.
- Applications for PC and mobiles.
Cons
- The emphasis placed on maintaining the privacy of users to make transactions, has raised suspicions of possible use for illegal purposes of this platform.
