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  • Revuo Monero requests feedback. July 16, 2019
    Hey all, Revuo Monero has been going strong for three months! This is right around the time when other newsletters either opened a CCS or said they would need to stop for various reasons, but we have no signs of slowing down. This being said, I'd like to take a moment to solicit feedback from […]
    /u/Rehrar
  • Dear operators of xmr.to July 16, 2019
    Please allow us to send all of our monero to an address instead of making us go back and forth on the webpage, risking too many requests errors, to get the best price for BTC. Thanks! submitted by /u/alagard2 [link] [comments]
    /u/alagard2
  • Girlfriend got me some socks!!! July 15, 2019
    submitted by /u/bbell909 [link] [comments]
    /u/bbell909
  • Anyone Use Beaxy Yet? Any Thoughts? July 15, 2019
    Hey guys, ​ Been using Binance for my trading but was wondering if anyone has used Beaxy Exchange to trade? I've heard good things but I wanted to see if any of you had any good/bad experiences? Thanks- submitted by /u/PsychologicalLie9 [link] [comments]
    /u/PsychologicalLie9
  • Defining what the CCS is not for - On Application Development July 15, 2019
    The CCS is for raising community funds to pay for things that realistically cost money. There are things the CCS refuses to fund, such as paying (see: Bribery) services to accept Monero; however, those refusals are limited. I would like to reach consensus on Application Development specifically, and when we should reject funding for it. […]
    /u/OsrsNeedsF2P
  • Smart contracts? July 15, 2019
    I do not understand fully how monero transactions works, so sorry for amateur question. I will first explain how would I do in bitcoin since I am more familiar with it so I can be sure what I am asking. I need to enable some kind of micro payments between me and a costumer, about […]
    /u/zninja-bg
  • XMR Now on all Freedom Gateway Machines. July 15, 2019
    submitted by /u/ferretinjapan [link] [comments]
    /u/ferretinjapan
  • Cryptolinks article on the Monero Konferenco July 15, 2019
    submitted by /u/mrholmes1991 [link] [comments]
    /u/mrholmes1991
  • Advice for buying Monero via local Monero July 15, 2019
    I’m looking for advice on safest most private way to buy Monero using local Monero. Thanks for the help. submitted by /u/Spetznah [link] [comments]
    /u/Spetznah
  • Can we put the MoneroSupport subreddit on the sidebar? Right next to the other subreddits (xmrtrader etc.) July 15, 2019
    Newcomers could find it difficult to find and fill this sub with support requests. submitted by /u/Lisergiko [link] [comments]
    /u/Lisergiko

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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!