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Review on Monero by Gerald Benard

Revainrating 5 out of 5

Monero is an open ledger system that secures your transactions.

Monero is the new generation which offers all you desire to keep the wheel of crypto spinning. However, Monero is an open-source cryptocurrency with the aim of a Private and decentralization. It uses a public ledger system to record all sorts of transactions while new units are created through a mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the miningsystem more egalitarian.

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Furthermore, The protocol is an open source and based on Crypto idea,a concept described in 2013 as a white paper authored by Nicolas van Saberhagen. The cryptography community used this concept to design monero, and deployed its mainnet in 2014. For a best sustainable and secured system of sending and receiving crypto not only within your location but also from other near by country monero is the best platform. As an open source ledger you can be able to discover new features and earn money from the effectiveness of mining. Rewards are from the mining of crypto currency and monero has it all.

Pros
  • it is one of the largest developer community.
  • It reduces the effect of money laundering.
  • Easiest way to send and receive money.
  • It adopts a privacy enhancing technology.
Cons
  • There's none for this review now.

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