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  • Yeah-yeah, I know, ICO and all stuff, but someone checked this project? Any thoughts? January 20, 2018
    submitted by /u/TheFuzzStone [link] [comments]
    /u/TheFuzzStone
  • How do you receive money to my monero January 20, 2018
    Do you just send someone the address and they send it to you like you would with a bitcoin wallet? I'm confused by how when you click receive it has an amount you type in and a label and a payment id and then a button you can click called receive. Thanks for any answers […]
    /u/WhatIGot99
  • Moneroj doesn't show up on Kraken January 20, 2018
    So a few hours ago, I transfered some moneroj to my Kraken account using the provided integrated address. Their page states that it needs 15 confirmations, before the moneroj is credited - however, I believe that the 15 confirmations is passed. I "decoded" the integrated address and verified the transaction on llcoins, everything looks good. […]
    /u/InterdepartmentalNun
  • [QUESTION] Folders mysteriously creating themselves January 20, 2018
    So I've just been using Tails completely normally and have been busy with the monero-wallet-cli / monerod / and mostly monero stuff. Just a couple minutes ago I found this weird directory/folders that have been made. It looks like this /Persistent/your/directory/to/the/blockchain/bitmonero.log 6.8 kB /Persistent/your/directory/to/the/blockchain/lmdb/data.mdb 73.7 kB /Persistent/your/directory/to/the/blockchain/lmdb/lock.mdb 8.2 kB Additional information: Permissions of "your" Me: […]
    /u/skski11
  • Is ASIC resistance good? I used to think cpu mining was an important feature. This argues otherwise. What do you think? January 20, 2018
    submitted by /u/aepc [link] [comments]
    /u/aepc
  • [QUESTION] Is Freewallet stealing Coins ? January 20, 2018
    I received an Email stating that I had received XMR in my wallet which I had withdrawn from minergate. But when I made an account in Freewallet using the email account I had withdrawn XMR to, all I could see was 0 XMR. Contacted the freewallet support but all in vain, I've had open support […]
    /u/smartparth13
  • Coinhive or similar websites payout January 20, 2018
    Has anyone got a payout from coinhive or similar in-browser mining websites? I was wondering if anyone did and if you did, is it possible to send the transaction hash (or link)? You can do this over DM if you are a privacy-concerned user (which is totally in line with Monero mindset). The reason I'm […]
    /u/shayanbahal
  • Kasisto POS in 22 seconds January 20, 2018
    submitted by /u/SamsungGalaxyPlayer [link] [comments]
    /u/SamsungGalaxyPlayer
  • IntenseCoin (decentralized VPN) rebases from Bytecoin to Monero January 20, 2018
    submitted by /u/LemonSpree [link] [comments]
    /u/LemonSpree
  • I interviewed John McAfee a few days back. Seems like he loves Monero a lot January 20, 2018
    submitted by /u/RaghuMohan25 [link] [comments]
    /u/RaghuMohan25

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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!