What is Monero coin?
Monero is one of the leading privacy centric cryptocurrency. The primary base of the Monero crypto is the Crypto Note protocol. It is a highly efficient, secure, privacy centric and untraceable cryptocurrency network.
The XMR cryptocurrency is using a unique blockchain protocol that makes sure that all the relevant transactions are 100% untraceable.
Moreover, in today’s transparent world of crypto, Monero is making its own place being so desirable and unique.
- Security – No cryptocurrency can survive without trust, and none of them is more dependable than XMR. Its users trust it with their money and for keeping their transactions secret.
- Privacy – They protect users anonymously, even in a court of law, as it is stated on their website that “in extreme cases, from the death penalty”.
- Decentralization – It is not run by any agency or organization; however, meetings by developers are Easily accessible online. Moreover, It is unusual of some other coins where there is a central agency that runs the blockchain or network
What is CryptoNote protocol?
CryptoNote is the application layer protocol that feeds various independent currencies. In comparison, it is similar to the application layer, which runs bitcoin in many aspects. Moreover, there a lot of areas where the two differ from each other. CryptoNote features an entirely new code base and is not a fork of Bitcoin.
Various markets to deal
This Monero cryptocurrency is incredibly famous and unique as it is available on various popular exchanges in the market only. One of the markets that are actively trading with XMR cryptocurrency is Bitfinex. There are many other cryptocurrency exchanges as well that are dealing in XMR regular, and they are Bitcoin.com, HitBTC exchange, Binance.