What is Bisq? Bisq aka BitSquare is a peer-to-peer marketplace for crypto. This is a fully decentralized exchange that requires users no names, email IDs or verification. This is a true anonymous peer-to-peer network that uses Tor and does not hold your fiat or cryptos on their servers or in their account. Each and every..
Category: Getting Started
How to buy Monero with crypto or fiat currencies
Buying Monero can be a more complicated process compared to buying other cryptos because there’s a lack of too many options. You basically have two main ways to buy Monero: using other cryptos and using fiat currency. If you already own other cryptos are you are looking to exchange them for Monero, things will not..
Running a Monero Node
Nodes are an essential part of the Monero network infrastructure. They store a copy of the blockchain, and they can be configured to share the data with other nodes and users as well. Running a node is the only way in which you can obtain the highest level of privacy and security when you are..
How to buy Monero via Coinbase, Binance and LocalMonero
The fees that are involved in the purchasing of Monero are usually lower if you buy the crypto straight on a Monero trading exchange such as Kraken. For more significant amounts, it’s recommended that you use an exchange. It can take a few days to send funds to an exchange and get your ID verified..
Monero vs. Bitcoin: Working mechanisms explained
Bitcoin Users have a public address where they receive funds. The fact that this address is a public one means that anyone can see what your funds are. When you want to send funds to another person, they will also have to tell you your public address, and you will be able to see the..
Glossary of essential Monero terms
Balance When you send funds to someone, they will appear in the person’s balance. After the Monero network confirms the transaction ten times in about 20 minutes, your funds will become spendable, and they will be listed as part of the unlocked balance. CLI / Command line interface This is a text only application that..
Monero transactions: process, timing, and fees
Timeline of a Monero transaction Here is the typical timeline of a Monero transaction: 1 second – At this point, the remote wallet can see that the transaction has begun. 3 minutes 46 seconds – The remote wallet displays the very first confirmation of the transaction that appeared in the blockchain. 26 minutes – Now..
Monero briefly explained – Un-traceable transactions and Dynamic block size
What is Monero? Monero is a digital currency, similar to Bitcoin, with the main difference being that your activity is kept confidential. Not another Bitcoin clone Monero’s codebase is written from the ground up in such a way to deliver genuine anonymity and privacy. Stealth address Users’ wallet addresses will never appear on the public..
How Monero works – straightforward explanation of the process
Monero’s privacy is essential Monero is a digital currency similar to Bitcoin with the main difference that your activity is always kept confidential. Users store their funds via a software application called a wallet. Each wallet comes with its own receiving address, and you will have to tell people this address so that they can..
Why choose Monero over Bitcoin: Monero’s main advantages: Privacy, Mining Algorithm, Adaptive Block Size Limit
Monero’s privacy is essential Monero is a digital currency similar to Bitcoin with the main difference that your activity is always kept confidential. Users store their funds via a software application called a wallet. Each wallet comes with its own receiving address, and you will have to tell people this address so that they can..