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Author: Admin | 2025-04-28
Monero (XMR) has steadily grown into one of the most sought-after cryptocurrencies. What makes it stands out from other crypto is that despite the anonymous nature most crypto promises, Monero is one of the few that truly offers anonymity. Imagine John wants to pay $100 to Kate, and they agree to do the transaction in cryptocurrency. John can make his transactions using Litecoin, Bitcoin, or any other cryptocurrency.So, why would John use Monero?Monero would be the best option for John and Kate to keep a transaction private and untraceable.Bitcoin is not private, even though it is decentralized. Monero, however, is both private and decentralized. As it is private, Monero’s technology will keep all of the made transactions 100% safe, secure, untraceable, and private.After this information, John would want to send money to Kate using Monero because they know that those two would be the only ones with the information about the transaction. Likewise, on the Monero network, no one else knows about their transaction. Therefore, Monero is safe and private for transactions.Due to their privacy and security, Monero had gained popularity. Just like John would feel better if the transaction on anything was kept private and not revealed to the public.That was a good complete privacy feature; let’s look at some other unique features offered by Monero.Pros of MoneroThey have over time proven to be trusted and reliable Monero algorithm doesn’t allow application Specific Integrated Circuit. It uses I2P Layer to protect transactions Block limit flexibility It allows for Private and public view keys. Cons of MoneroAbsence of a standard voting system Adoption is slow compared to crypto like bitcoin. How can I mine Monero?At the time of writing, there is a total of 15,829,795 XMR in circulation. This number will continue to increase until 18.4 million Monero coins are
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