Review on Monero by Cesar Medina
Monero a private cryptocurrency
Over time, many cryptocurrencies have emerged but none had been set as much in privacy as Monero.
What is Monero?
It is an anonymity open source cryptocurrency that will allow all users to make private transactions without having expert knowledge where they can enjoy the highest level of privacy.
It's a company?
We must bear in mind that it is not a company, it is a common development for the creation and maintenance of a cryptocurrency in which multiple developers work permanently to maintain and improve the currency.
Objective
The objective or approach of this project is based on high privacy and anonymity. What worries is that it is used for illicit purposes, but despite all that, Monero is totally strong, solid and healthy because it has an excellent community of users and developers that has been growing.
Software
The software can be used on Android, Windows, MacOS, Linux.
Decentralized and revolutionary
It does not have a corporate model, therefore it is a more decentralized project in the world of cryptocurrencies. Furthermore, the cryptocurrency can be mined using equipment suitable for this purpose. The project itself is revolutionary and reveals itself with the financial system in which we currently live, therefore, it arouses the interest of many users who do not agree with the excessive control of a central authority.
Conclusion
Overall, it is a cryptocurrency that has it all when it comes to privacy, security, and decentralization. It is not run by anyone at all, the development is based on the community. Your safety must be maintained not only by funds but also due to its private and anonymous scheme.
ο»Ώ
We must understand that crime is even in the cryptographic world, therefore, it must be confronted. They could take advantage of Monero features to continue their illegal activities and that is extremely negative.
ο»Ώ
Pros
- Development focused on offering maximum security, privacy and anonymity for users.
- Tracking of your transactions is not possible and they are not linkable with any user.
- Developers team and strong community that is growing.
Cons
- Large transactions by amount of encryption due to private guarantee.
- Limited wallet compatibility.
