Monero

#13
Price: $166.652
Change(24h):
+ 1.91%
Volume(24h): $38,471,200
Market Cap: $2,677,356,506
Monero is a decentralized open-source cryptocurrency focused on privacy. Monero was created in 2014 as a fork from Bytecoin by an anonymous developer called Nicolas van Saberhagen. Written in C++, Monero is a minable coin based on the CryptoNote protocol. The mining of Monero consists of a small batch of code, which is the reason why many malicious websites implement the mining algorithm into their source code for profit. Due to the nature of completely private transactions, Monero has attracted criminals and people interested in evading law enforcement. The total coin supply for Monero is 18 million tokens.

Minable: Yes

Coin Prefix: XMR

Type: Coin

Latest Hight: $298.08

Monero Markets

# Source: Pair: Price:
1
HitBTC
XMR/BTC
$217.356486
2
Binance
XMR/BTC
$217.89273456
3
HitBTC
XMR/USDT
$216.688997
4
Bithumb
XMR/KRW
$316.311786570784
5
Poloniex
XMR/BTC
$217.3744195584
6
Bitfinex
XMR/BTC
$217.6641696
7
Bittrex
XMR/BTC
$216.258495096
8
Livecoin
XMR/BTC
$217.1110423968
9
Kraken
XMR/EUR
$218.409608152721
10
Binance
XMR/ETH
$217.65565452

Monero - focus on privacy 

Monero is among the most secure cryptocurrencies. A decentralized, private and anonymous Blockchain platform, descending from Bitmonero and being Bytecoin fork, Monero is prioritizing users’ privacy as much as possible. Utilizing the CryptoNote protocol, XMR favors mining and provides a variety of available pools. The coin does not use a public ledger, but keeps transactions at bay by encrypting wallet back-up. Thus, Monero is a favorite coin for users who require personal and transaction anonymity.

Logically, such a profile can hardly put XMR coin into legal relations. It, however, is among the most preferred coins for digital transactions and has a practical use alongside constantly rising demand. With almost 17 million coins circulating in supply, Monero is a reliable option for fast, secure and untraceable digital assets and currency transfers. Market predictions for XMR price vary, with some analysts predicting more than 500% revenue within a five-year investment period.

 

What makes Monero distinctive?

The Monero platform runs several unique algorithms and protocols for extreme security measures. The cryptocurrency utilizes Diffie-Hellman exchange protocol making the Blockchain resistant to analysis. It is unlinkable – the platform emits singular addresses that can only be viewed by payment participants and not by any third party analysis system. Furthermore, XMR coin is protected by “Ring signatures”, technology while the platform is usable for multiple systems and devices.

The use of the Monero cryptocurrency is widely recognized by the digital trade community, although some refer to the XMR as the coin of the shady (illegal) businesses and transactions. The utterly impenetrable defenses of Monero make it a perfect cryptocurrency for anyone seeking a private and direct transaction tool with untraceable source, address and anonymity privileges. The overall crypto-world trend to facilitate more transparent transaction models and more publicly reliable cryptocurrency does not favor Monero’s vision. However, the XMR has its place on the market and is practically usable for a variety of purchases and transfers.

 

Privacy will never be out of fashion

In a digital economy world that is slowly moving towards greater transparency, public ledgers, business and industry-friendly legislation and coverage, Monero remains a bastion of anonymity. The XMR is purposely utilizing the Proof-of-Work consensus protocol, as it allows to apply authority on transactions, issued in a decentralized ecosystem. Thus, Monero provides a secure and anonymous chain for payment and exchange, where privacy is protected at its finest. Furthermore, the Proof-of-Work protocol protects users from random attempts of parties to fork the existing chain. The PoW also orders transactions chronologically.

Being among the most unique private payment experiences and digital currencies, the XMR is entering the Blockchain networking future as a well-known contributor to decentralized digital transferring, particularly focused on providing anonymity for everyone participating in digital asset transactions. Initial market predictions suggest that Monero will peak at around USD 1000 during 2018.