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  • News from XMR.to's community hub January 16, 2019
    XMR.to has some nice contributions made available to the monero community. Let’s have a look. There is an easy to set up monero faucet, that we made open source. It is written in Django - the code can be found here https://github.com/XMRto/faucet. Also, feel free to use our running faucets for testnet and stagenet over […]
    /u/xmrto-community
  • Does Monero have any plans to make an “ethical backdoor” eventually? January 16, 2019
    If you follow Zcash closely you’ll realize that the devs and cryptographers involved have spoken on Twitter multiple times and in podcasts about putting ethical backdoors into Zcash eventually for Law Enforcement and probably corporate/business transactions and what not too. This among other reasons is why I believe Zcash will become “digital cash”. I do […]
    /u/ajc9630
  • Monero in 10 minutes January 16, 2019
    submitted by /u/iNaugs [link] [comments]
    /u/iNaugs
  • Are there any other blocks explorer January 16, 2019
    Are there any other blocks explorer except moneroblocks.info and what's wrong with moneroblocks,Can anybody fix it submitted by /u/newxmr7 [link] [comments]
    /u/newxmr7
  • HELP - How to install monero gui on ubuntu 18.04 January 16, 2019
    Help me plese. Say command for command line. Iam a noob in unix. submitted by /u/hesumeb [link] [comments]
    /u/hesumeb
  • Check if some given monero are "virgins" AKA is it possible to claim that your monero were mined when you just exchanged them? January 15, 2019
    Let's say somebody exchanged some monero and then he wants to sell them for dollars regurlarly and for some reasons he says "I mined them", is there any way to prove if he's lying or not? submitted by /u/imnobody123 [link] [comments]
    /u/imnobody123
  • Monero + China = DEX January 15, 2019
    I met up with a friend yesterday that came back from China. He works as a english teacher but comes back for 2 weeks. I wanted to hear what its like in China with crypto instead of FUD on the news. Mind you, he does not know much about crypto, but I asked to keep […]
    /u/Ask-throw-away-1
  • Toronto, Canada Monero Meetup! Jan 30th! January 15, 2019
    submitted by /u/bgmrk [link] [comments]
    /u/bgmrk
  • Moneristas in Miami for TNABC? January 15, 2019
    Any other Monero peeps headed to Miami tomorrow for The North American Bitcoin Conference? submitted by /u/intj440 [link] [comments]
    /u/intj440
  • Monero mentioned on Tom Woods podcast January 15, 2019
    submitted by /u/Dr__Douchebag [link] [comments]
    /u/Dr__Douchebag

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What Is Monero ?

Monero denoted as XMR is a decentralised open-source cryptocurrency that focuses on privacy, security and scalability. Monero has cryptographic security features that shields are sending and receive and also amount transacted to be seen by prying eyes of the public. Monero is private, secure and untraceable.

We feel awkward whenever our account officer in a bank check our account details for one transaction or the other, as we think a second party is watching everything about our transactions. Bitcoin cryptocurrency came, and we started jumping up in celebrating thinking that, our financial transactions are enveloped with privacy.
Do you know that your transactions in bitcoin blockchain are viewed by the prying eyes of the public because those transactions exist in public ledger?
A group of people noticed this flaw and founded a cryptocurrency blockchain which the second party can never view transactions. That cryptocurrency is called Monero, and it was launched in 2014 by a team of seven developers.

Three extra features that made sending and receiving money more secure in Monero

Monero implements these three functions in its blockchain, they are:

Ring signatures: This feature shields where the money is coming from.

Stealth Addresses: This feature shields the destination where the money is being sent to.

RingCT (Ring Confidential Transactions): This feature shields the amount being sent.

 

THE TEAM

The Monero’s team consists of seven developers, and five chose to be anonymous. The other two known faces include David Latapie and Riccardo Spagni aka “Fluffypony. These men are security experts and also experienced managers.

Practical Uses of Monero

  • It protects one’s online identity from the prying eyes of the public.
  • It is used for payment solutions.
  • Some banks use Monero’s blockchain platform for transactions.
  • It is an entirely anonymous cryptocurrency that makes people’s wealth private and fungible. Some law enforcement is having a running battle tracing people’ wealth in Monero.

Mining of Monero

Monero uses Proof of Work(PoW) called CryptoNight to mine and fully implements CPU/GPU computational power. There is no ASIC meaning anyone can mine so long as you have the required hardware and the technical know-how. Monero’s mining algorithm reduces the performance gap making XMR more expensive to mine.

You can decide to go solo mining or pool mining. In solo mining, you have enough computational power and payment of rewards comes quickly. In pool mining, there is a little fee attached to it, and there is no much computational power. The good thing about pool mining is that resolution of cryptographic problems comes faster and more blocks are added to the blockchain. The rewards are a little bit delayed.

Whichever method one chooses, mining Monero is painstaking but profitable.

Notes for Investing

Monero (XMR) has maintained a positive showing in the market capitalisation over the last 12 months, becoming a sensation in the market. The stability, privacy and worldwide acceptability Monero are getting has made it, a good investment option. In June 2016, the market capitalisation has increased from $5 million to $183 million while in July 2017.It has gotten to $720 million.

Those who purchased XMR in May 2016, got it less than $10 but today, it is over $100.Investment analysts have predicted that it will hit $200 before July 2018.It is a good investment option considering the cryptographic gladiators backing Monero.

MUST READ!

You need to note that, cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty, susceptible to attack and capital loss. There are many parameters one needs to check before investing. Don’t invest only based on what you have read here, but invest based on the fact that, you have sought advice.
I wish you success!