REVIEW

CRYPTO REVIEW Monero

October 25, 2017 |

REVIEW - MONERO

What Is Monero?

Monero is a secure, private, untraceable currency. It is open-source and freely available to all.



Monero was developed to respond to the growing need for financial privacy. It notes how “we have seen a staggering amount of big corporations, banks, and governments have their records compromised, each time leaking information about their users, their practices, and their balance sheets.”



Monero was developed in order to create a safer financial recluse. It tries to accomplish an ideal degree of “privacy, decentralization, and scalability.”



Their view is that currency needs to retain similar values in order to function in society. Without this aspect, these coins can be tracked.



Aspects of Monero include:





Security



Privacy



Untraceability



And yet it’s open sourced and available for all to use. Its development is based on donation and community.At Monero, your transactions are invisible to others. “You are your own bank” ...