6 Reasons Why Monero Remains A Great Investment For The Future

There will be a real need for a private, secure and untraceable cryptocurrency in the future.

Monero is an open source cryptocurrency focused on privacy and decentralization that was launched in April 2014 under the name BitMonero. Its name was then quickly shortened to Monero.

Monero is the result of a fork of the Bytecoin cryptocurrency that is based on the CryptoNote algorithm. The fork initially consisted of introducing significant differences on this last algorithm before Monero’s evolutions made significant changes.

Now, the Blockchain Monero adds a level of obfuscation with mining of new tokens, the XMR, reduced. So much for Monero’s quick overview. While 99 percent of cryptocurrencies are destined to see their value move towards zero in the future, cryptocurrencies providing solutions to real user problems will have a high probability of persistence and long-term success.

The need for a truly confidential cryptocurrency is very real. In this field, Monero is an emblematic leader and there are 6 main reasons why Monero remains a great investment for the future. Here they are.