- Launched: 2014
- Creator: Anonymous (likely a group of developers)
- Purpose: Monero is a privacy-focused cryptocurrency, emphasizing anonymous transactions and untraceable payment systems.
- Features:
- Ring Signatures and Stealth Addresses: Monero uses these cryptographic techniques to ensure that sender and receiver addresses, as well as transaction amounts, remain private.
- Fungibility: Because of its privacy features, Monero is considered fungible, meaning each unit of Monero is interchangeable and indistinguishable from another.
- Use Cases: Privacy-focused transactions, financial anonymity, and protection from surveillance.
- Status: Monero is a leading privacy coin and remains popular among users seeking to protect their financial privacy, despite facing regulatory scrutiny due to its anonymity.
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