Review on Monero by Toprak Dere
ABOUT MONERO
monero is a secure, private, untraceable cryptocurrency. It is open source and its use is open to everyone. With monero, you control your funds yourself and you are only responsible for your funds. your accounts and transactions are kept private from prying eyes.
Almost all cryptocurrencies (including bitcoin and ethereum) are transparent. they reveal your entire transaction history to the world. Unlike other cryptocurrencies, monero uses unbreakable encryption to make sure no one sees where you spend, even if they know your wallet address.
The sources of the monero transactions performed cannot be tracked and the transaction amounts remain confidential. always privacy means that every monero user's activity enhances the privacy of all other users.
There are no waiting times and fraudulent charge back risks in the transfer of traditional currencies. They are measures that sometimes excessively restrict the flow of traditional currencies in countries experiencing economic instability.
Due to the strength of the decentralized blockchain network, monero will not be attacked by hackers who want to steal your funds. With monero, you control your funds yourself and you are solely responsible for your funds. your accounts and transactions are kept private from prying eyes.
The power of the blockchain often increases security at the expense of privacy, but with monero's sophisticated privacy-centric technology, you get all the security benefits of the blockchain with no loss of privacy.
With its private signature technology, monero makes it unclear what funds are spent, and therefore, a transaction is unlikely to be linked to a particular user.
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Pros
- anonymous coin
- future is very bright
- full privacy
Cons
- no web wallet
