Review on Monero by LUIS RIVERO R
For this cryptocurrency, its priority is privacy in transactions, it hides theโฆ
For this cryptocurrency, its priority is privacy in transactions, it hides the identity of the sender and receiver. And its biggest advantage is in the process of mining since it is as egalitarian as possible
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Updated 5 years ago
Rating has not been changed
Its main problem is related to the use that is given to this cryptocurrency, since it protects the privacy of transactions it is accused that by means of this asset it offers financing to terrorism, or money laundering.
However, over time it has proven to be one of the most stable assets in the cryptocurrency market, remaining within the market's main assets, with a high transaction liquidity, which far exceeds the amount of XMR available with a small amount, and in this way the price remains high.
* Its price is constant and it has remained high, with a high volume of transactions.
* Monero is fast and secure, your balance and transactions can not be monitored.
* The purses and tansacciones keep hidden the possible identities of the users, since they are impossible to locate.
In its official website it has all the technical and general characteristics that users need to know and how Monero safeguards their privacy. And the most important thing is open source It is possible to make security checks to your code.
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Pros
- allows transactions to be done anonymously. the mining process makes the distribution equal for all....
Cons
- by its structure it allows cyber criminals to use it for cryptohack.
