Guide To Understanding Monero

Guide To Understanding Monero
фото показано с : cryptodaily.co.uk

2018-8-29 12:30

There is a popular belief among people that cryptocurrencies are private and untraceable, explaining their association with illegal transactions. In truth though, this is not the case, for example with bitcoin, all transactions are recorded on a public ledger (blockchain) which allows for anyone to view and verify transactions.

Monero, however, is not like bitcoin but is rather focused on untraceability. According to Monero’s website, “Monero is a secure, private, untraceable currency. ” The currency uses a special cryptography to ensure privacy making all transactions untraceable.

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Monero (XMR) на Currencies.ru

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The United States May Soon Crackdown Privacy-Centric Cryptos and Coin Mixers

Generally speaking, blockchain-based cryptocurrencies offer users a certain level of anonymity while or receiving payments. However, transactions carried out with some coins such as bitcoin are entirely traceable while those done with altcoins like Monero, zcash and many others are almost impossible to trace, making such altcoins a viable tool for criminals.

2018-6-24 00:23