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  • OKEx Korea Cryptocurrency Exchange To Delist Privacy Coins September 16, 2019
    submitted by /u/zuugzwang [link] [comments]
    /u/zuugzwang
  • Monero taking the leads September 16, 2019
    submitted by /u/SolDelSolSolDelLuna [link] [comments]
    /u/SolDelSolSolDelLuna
  • Atomic Swap DEX for Monero? September 16, 2019
    Is it about a time to start development of Monero implementation in a non-custodial Atomic Swap exchange? I know, Okex is just one exchange, there are a lot of other big CEX that doing trades with Monero. But still, with such cross-chain DEX, no centralized service could affect, trace or freeze users funds. It will […]
    /u/noxonsu
  • MAAM – Monero Ask Anything Monday – September 16, 2019 September 16, 2019
    Given the success of the previous MAAMs (see here), let's keep this rolling. The principle is simple: ask anything you'd like to know about Monero, especially the dumb questions that you've been keeping for you every other days, may the community clarify it all! Finally, credits to binaryFate for starting the concept! submitted by /u/AutoModerator […]
    /u/AutoModerator
  • OKEx Korea Delisting Monero, Zcash and DASH September 16, 2019
    submitted by /u/btcxlab [link] [comments]
    /u/btcxlab
  • moneroblocks.info says thanks September 16, 2019
    ... to the nice guy/gal who donated this past month of August. Thanks. submitted by /u/pigamura [link] [comments]
    /u/pigamura
  • XMR.TO September 15, 2019
    Hello, I was wondering if there are limits to how many XMR can exchanged for BTC. Been having trouble with 5 XMR. Thought, maybe the blockchain for XMR just comes to a slow crawl when sending 5 XMR, allowing for XMR.TO timer to always time out before the first confirmation. submitted by /u/SolDelSolSolDelLuna [link] [comments]
    /u/SolDelSolSolDelLuna
  • [UPDATE] Cake Wallet - Version 3.1.20 Black Forest Cake Edition September 15, 2019
    Hi all! Version 3.1.20 is out as Black Forest Cake Edition! Just go to settings in the Cake Wallet app and turn on the dark mode! Update now at: https://itunes.apple.com/us/app/cake-wallet-for-xmr-monero/id1334702542?mt=8 Your donations are much appreciated to keep the development moving forward. Please donate XMR to: 43gN49UjHNdXDgkcWHTxceHNjXBxcKsReSNThGwzHVavHeZ4SSxSCPT8EpD5cbwAWqEqFQw12rsyTJbKGbeXo43SVpPXZ2W Join our official Telegram group at @cake_wallet Follow us […]
    /u/pinkphloid
  • Blockchain on RasperryPi. How to make Monero GUI wallet (Mac OS version) to connect and sync to this blockchain? September 15, 2019
    I run monerod on my RaspberryPi and have a completed Monero blockchain. And I'm using Monero GUI Wallet for Mac OS downloaded from here (https://web.getmonero.org/downloads/#mac). I don't know how to make this GUI Wallet to connect to my blockchain Could you please help me? submitted by /u/nightless_hunter [link] [comments]
    /u/nightless_hunter
  • "The Goddess of Numbers" - A Monero Fiction Short Story September 15, 2019
    I just finished another fiction short story revolving around Monero, the longest one so far. I estimate it's a read of about 20 minutes: The Goddess of Numbers You find the earlier such stories listed here, with my donation address here. In case you wonder about the block fractals that occur in the story: They […]
    /u/rbrunner7

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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!