Review on Monero by Mehdi hazni
XMR
Bitcoin addresses and transactions are both recorded in a blockchain and made available to the public. Although a Bitcoin address is a pseudonym, transactions of a particular account can be monitored over time, so individuals and government agencies can better understand the account, its potential owner, and the purchases made with it.
Like Bitcoin and many other digital currencies, XMR uses blockchain and the proof of work algorithm to validate transactions, except that monero has three other security technologies that keep transactions confidential.
I became acquainted with monero when I was looking for a currency that could be mined with a mobile phone, because monero was one of the first currencies that could be mined with a mobile phone.
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Pros
- The creators of the currency did not keep any currency for themselves. This concern solves the very high volume of coin in the market and the sharp drop in price.
- The monero block is completed in approximately two minutes, while each bitcoin block is generated in 10 minutes.
Cons
- It failed to keep its high price in 2017 and 2018 and its value has decreased too much.
