$ 1.16 B
$ 64.77 - $ 66.78
Monero (XMR) is a crypto coin the best part of which an impeccable system of security and anonymity.
Monero appeared on April 18, 2014, as a fork of Bytecoin (not mix it up with Bitcoin), which was a very popular coin especially on the DarkNet. But when it became known that 80% of the coins had already been issued and even distributed among certain users, confidence in this cryptocurrency was shaken. Therefore, part of the Bytecoin developers separated and conducted their own fork, creating a new currency based on the Bytecoin program code - the CryptoNote protocol. The Monero project started quite successfully, however, after a few months a powerful hacker attack was launched on the network and the consequences of which the developers managed to cope only by the end of 2014: they fixed all the vulnerabilities, launched their own crypto wallet and brought Monero to worlds cryptocurrency exchanges.
Nowadays Montero uses three levels of protection:
In this way, the anonymity of both the sender and the recipient is guaranteed.
What can you do (or buy) with XMR?
By using Monero you can buy all that you can wish for. Today, Monero is actively used in various online stores when buying goods and services, and it is impossible to track payments on the blockchain.
The apogee of glory
Immediately after the appearance, Monero was criticized for anonymity, as it could be used for buying weapons, drugs and other prohibited goods. In part, this criticism turned out to be fair: in 2016, the rapid growth of Monero was associated with its use for transactions in the AlphaBay - large DarkNet market, closed by law enforcement in the summer of 2017.
The take-off rate of XMR from 47 to 144 USD took place in August 2017. The reason for the increase was the news that Monero will start trading with the largest South Korean exchange platform - Bithumb.
Pros and Cons
Among the main advantages of Monero are the following:
Among the disadvantages it should be mentioned:
“Monero as a project takes privacy seriously, and the general commitment to hard forking in new or improved features whenever available has resulted in top-notch privacy overall.” –Bitcoin Magazine
“ Monero is undoubtedly one of the best privacycoins available — if not the best one.” - Bitcoin Magazine
“We cannot prevent immoral people from using good technology for bad things, just as hammer manufacturers cannot prevent criminals from using hammers as weapons.” – Monero team
How to get XMR?
Today Monero is among the top 20 cryptocurrencies in the world by market capitalization. If you already have savings in crypto and wish to invest in XMR, Stealthex will defiantly help you. Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to XMR.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.