Review on Monero by José A Rodríguez
MONERO: Advanced Security for Trading Currently Being Improved
Some cryptocurrency projects advocate for launching a standard platform with excellent services. It is the case of Monero, that since the very beginning has been boosting alternatives for finances and free commerce.
The fact is Monero is a blockchain project like any other with just a difference framed in its encrypted security. The project has never been hacked and it is due to the highly reinforced privacy feature it offers. Every transaction executed remains confidential by other users, it is just open for a peer-to-peer agreement. Moreover, I've been notified the team is developing a partner project to support Monero. The coming network is called Kovri and it will function as an invisible online server, it means transactions will occur under an I2P node.
I talk about Monero not only because it is a common name found in the crypto market, but also because it has had a wide team of developers behind it. Most of them are around the world but contributed to ensuring the steps of Monero in today's road.
Besides, Monero has excellent promotions to join the adventure of trading. However, the XMR is a coin listed in the top 50 of global exchanging, but not so useful nowadays since there are others more profitable.
In conclusion, what I like about monero besides its security, is the global community scattered through social media.
Pros
- Good prices on sale for trading. The coin seeks to raise its value since it is tradable enough in local communities.
- Advanced security structured with a high privacy feature offered for all crypto users trading XMR. The system implemented an encrypted parameter that it is being assessed to join to a new node.
- Cheapest prices for converting fiat money into XMR and start trading with it.
- Excellent crowdfunding community. This decentralized project is every day helped by millions of active users who promote good work and ideas for making the blockchain more scalable.
- Currently available in 13 languages of global coverage. The list is led by English, Spanish, and Russian languages.
Cons
- Not so globally commercial despite the advanced security. Customers still assess the probability of rising their values in the present year.
