1 Level
53 Review
-31.5 Karma
Review on Monero by Ana A
Monero
It is part of digital currencies, and decentralized, and therefore does not have the same structure as Bitcoin and is characterized by the great privacy it provides its users when making their transactions. They have an active and permanent team that is committed to adequately monitoring the functions of their platform, where their community can influence positive development, through communication channels that make use of the platform and the currency.
Bitcoin users sometimes employ Monero to break links between transactions, first converting bitcoins to Monero and then, after a certain delay, again to bitcoins, then sending them to an address unrelated to previously used addresses.
Pros
- They have an advanced security system that has generated a lot of trust in their users.
- No agency can track or intervene with the routing of BlockChaim transactions.
- They offer total reliability and profitability.
- It has its own purse. And it can be used for purchases of other goods and services.
- This monero can be sold and exchanged for other cryptocurrencies.
Cons
- Being a non-traceable currency makes certain organizations against the application of this platform.
- Its emphasis on privacy has led to illegal acts that some governments consider reckless.
