Review on Monero by RODRIGO REIS
As there is much controversy with the use of this cryptocurrency, it isβ¦
As there is much controversy with the use of this cryptocurrency, it is necessary to think twice before starting your investments. Beginners may find other alternatives safer and more interesting. Experient Investors can find a good opportunity about Monero
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Updated 5 years ago
Rating has not been changed
The main novelty in relation to Monero net year is the update of October 2019 introducing a mining algorithm - RandomX.
Using a dynamic method, which automatically modifies each run, RandomX
is seen as a landmark in the war against the ASICs, the super-specialized chips that have eventually centered the mining of Bitcoin and other criptomoedas.
It remains to wait to see what will be the impact of the implementation of RandomX and the great benefits that will be brought to the currency Monero, who needs to regain the lost market and mainly appreciation
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Pros
- Monero (XMR) is a private, secure, and untraceable cryptocurrency. Monero guarantees anonymity completely. It uses a protocol called CryptoNote. My Monero is the best wallet at the moment. The development team is very experient and capable
Cons
- Few possibilities about Monero wallets. Monero has become one of the most popular cryptcurrencies within the cybercrime market. Monero is the favourite for mining malware operators because of its "difficulty rate" compared to other cryptocurrencies of similar value.
