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  • Is there a way to check a transaction if i dont have a txid? March 20, 2019
    Im receiving a refund from someone and i dont have a txid to search on the blockchain. Ive asked them for the txid but they havent gotten back to me yet. Is there a way to check transactions coming to my receive address? submitted by /u/AnoK760 [link] [comments]
    /u/AnoK760
  • Browsing r/monero in the bedroom (AIC) March 20, 2019
    submitted by /u/xoxo_xmr [link] [comments]
    /u/xoxo_xmr
  • I wrote a post to help users choose a wallet, feedback VERY welcomed! March 19, 2019
    submitted by /u/anhdres [link] [comments]
    /u/anhdres
  • Crypto Privacy Part 2: Zcash vs. Monero March 19, 2019
    submitted by /u/bhanuja-sri [link] [comments]
    /u/bhanuja-sri
  • Nicknaming the new algo March 19, 2019
    It has come to my attention that the new algorithm is named cn/r. In light of this fact, I have decided to nickname the algo Charles Nelson Reilly. Here's a link to an appropriate music video with the song CNR by Weird Al Yankovic https://youtu.be/xLnapb-30hA Your thoughts are welcome. submitted by /u/Slim_Andnone [link] [comments]
    /u/Slim_Andnone
  • Calling out for Monero wallet testers! March 19, 2019
    Hey, Monero community! Monero XMR is now functioning in Guarda wallet Web and Desktop versions, all thanks to your help and support! We knew that Monero is great at teamwork and you are always here to prove it. Now, as we have supported XMR in our wallet, we would like to ask you for the […]
    /u/Guarda-Wallet
  • Looking for Chinese trades March 19, 2019
    Hi guys! I'm moving to China in a few months but Chinese government officially prohibited Cryptocurrency and limit platforms that use to discuss about this. So, I want to find some Chinese friends who use Reddit to get information or have discussion about Coin and Blockchain. Chinese friends, if you see this, please leave a […]
    /u/meemee2910
  • CCS feedback and improvements March 18, 2019
    Link in question: https://ccs.getmonero.org/funding-required/ . Number of Contributors One thing I really miss about the old FFS is it told you how much was raised by how many contributors on the splash page. Right now it still shows that, but only once you click on the actual funding required banner. I think it should show […]
    /u/OsrsNeedsF2P
  • Monero.org download cert concern March 18, 2019
    I'm seeing that the certificate at https://downloads.monero.org/monero-win-x64-v0.11.1.0.zip is expired. The cert for the main monero.org and monero.org/downloads is valid but not the one for the actual download. submitted by /u/TorpusBC [link] [comments]
    /u/TorpusBC
  • You can now donate Monero to the Tor Project - a tool as important as Monero to protect people's privacy online March 18, 2019
    submitted by /u/vp11 [link] [comments]
    /u/vp11

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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!