Review on Monero by Killer Bean
Monero assures its users of untraceable transactions.....
With the help of Proof of Work protocol, Montero helps users to validate their transactions and protection their network. As a cryptocurrency platform, it focuses on decentralization and protection of user's data. Using an obscured public legged, monero allows for transaction without involvement of a third party. It was launched by Van Saberhagen in 2014. Monero is a decentralized cryptoplatform with a block time of two minutes. Its token can be mined by using the RandomX hash function. Its focus on improving privacy has led to an increase in its market caps. With the use of its hash mining function, Montero has developed an opposition against ASIC mining. It popularity is very low compared to other top cryptocurrencies. But since it is gradually making to the limelight, Montero hopes to be a good platform for investment in the future coupled with its present price of $125. It is a platform which has a very high transaction speed. Since its transactions can't be traced, Montero was avused and was used to perform illicit transactions. This was a very huge disadvantage.
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Pros
- It is resistant to ASIC mining
- it upholds users privacy
- it has a block time of two minutes
Cons
- It was used for illegal transactions.
- it is not popular
