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.
Users’ wallet addresses will never appear on the public blockchain. As a result, no one who knows your wallet address can see how wealthy you are or how much you are spending.
Privacy is always activated
All deals are confidential, and this means that every Monero’s activity basically enhances the privacy of others.
The source of funds for each deal is concealed via established and proven ring signature cryptographic techniques. This can be obtained without needing a trusted setup, safeguarding against malicious currency fabrication.
Dynamic block size
An arbitrary cap does not restrict the transaction volume, and it makes sure that transactions are processed quickly and at low costs.
High-security ED25519 curve encryption
The cutting-edge Elliptic Curve Cryptography will highly protect your funds against theft.
View key auditing
The dual key system allows users to provide other computers or people with the ability to view the incoming funds without any risks of theft.
The CryptoNight mining algorithm is resistant to special-purpose hardware that would result in an unhealthy process of mining centralization.
Lighting memory mapped database
Monero is built on a high-performance, low memory footprint database which is developed by a core Monero contributor who worked on the NASA space shuttle.
Invisibility of the network
Monero’s Kovri project encrypts and routes transactions via the I2P Invisible Internet Project nodes to protect users from network monitoring – this will be released soon.
Rapidity and efficiency of node interconnection
The node communication uses high performance, high scalability messaging protocols.
Light wallets and hardware wallets
Monero supports light wallet tech, and it will also be available on future hardware wallets.
This is a project that makes paying someone else as easy as knowing their email address, without any complicated strings of random numbers and letters involved in the process.
Monero Research Lab
Monero’s Research Lab boasts world-class academic researchers that are working hard to push the frontier of what is possible with crypto-related privacy and security.
Monero’s un-traceability means that people will not have to fear that the coins they receive are tainted after being associated with some previous activities.
More than 240 developers have worked to build the Monero projects. Forums and chats are still active, and they welcome more enthusiasts.
Monero is accepted widely at exchanges, and it allows you to get your funds in and out easily.