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* All information is without guarantee of correctness and completeness.

Monero history

Monero is a digital currency that offers a high level of anonymity for users and their transactions. Like Bitcoin, Monero is a decentralized peer-to-peer cryptocurrency, but unlike Bitcoin, Monero is characterized as a private digital cash. Monero was created as a grassroots movement with no pre-mine and no VC Funding, and launched in April 2014 as a fork of Bytecoin. Monero's popularity in the crypto world has been rising mostly due to its anonymization characteristic.

About Monero
Monero functionality

Monero functionality

In general cryptocurrency users are given a public address or key which is unique to each user. Transacting with Monero however, does not give the sender a window view of the recipient's holdings even though the sender knows the recipient's public address. Monero transactions are unlinkable and untraceable. Coins sent to a recipient are rerouted through an address that is randomly created to be used specifically for that transaction.

The Monero ledger, unlike blockchain, doesn't record the actual stealth addresses of the sender and recipient, and the one-time created address that is recorded is not linked to the actual address of either party. Therefore, anyone examining Monero's opaque ledger wouldn't be able to track down the addresses and individuals involved in any past or present transaction.

Monero Market Cap

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