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Review on Monero by Sophie Brauer
With Monero, a new young currency, recently entered the market not long ago…
With Monero, a new young currency, recently entered the market not long ago but there are many advantages that investors note. This is a very attractive and potentially lucrative coin in the future.
It has a number of outstanding features Monero pre-codec still has many limitations to overcome because its features are not as strong as Bitcoin, will reveal a lot of loopholes that make technology crime Can leverage, conduct large-scale money laundering.
Pros
- Monero uses rounded and anonymous addresses to reduce privacy concerns. Specifically: Round Signature: Anonymous signature of a team member because they want to hide their identity from the participants in the group. To create a circular signature, Monero uses the sender account lockout and places it on a public key on Blockchain to help hide the sender's identity as it can not identify any keys by creating complex signatures. Anonymous Address: A random address that is created for use once for each transaction on behalf of the recipient. Using anonymous addresses allows you to hide the real address of a transaction and hide the identity of the recipient.
Cons
- Limited merchant tools. To accept Monero currently, a merchant still has to do a bit of work. Projects like PayBee are trying to mitigate this, but the project has not seen much public development in the past year.
