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RSS Reddit

  • MAAM – Monero Ask Anything Monday – January 30, 2023 January 30, 2023
    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
  • Lasso - A natural language search engine for onchain data. No results for Monero 🙁 January 30, 2023
    submitted by /u/schlyza [link] [comments]
    /u/schlyza
  • monero fixes this January 30, 2023
    submitted by /u/beaubeautastic [link] [comments]
    /u/beaubeautastic
  • Transaction Time January 29, 2023
    Is there a way to reduce Monero transaction time significantly like Lightning Network? submitted by /u/rothbardd [link] [comments]
    /u/rothbardd
  • Problems with installing Monero GUI on mac os elcapitan 10.11.6 January 29, 2023
    Dear community members the Monero GUI Wallet is not working on mac os el capitan 10.11.6. Is it possible to use this on this last mac os el captian release without need to upgrade the total os system. submitted by /u/DutchMonero [link] [comments]
    /u/DutchMonero
  • Skepticism Sunday – January 29, 2023 January 29, 2023
    Please stay on topic: this post is only for comments discussing the uncertainties, shortcomings, and concerns some may have about Monero. NOT the positive aspects of it. Discussion can relate to the technology itself or economics. Talk about community and price is not wanted, but some discussion about it maybe allowed if it relates well. […]
    /u/AutoModerator
  • The Offshore.Exchange is now on Tor January 29, 2023
    You requested Tor. Now it is live. Trade with just your email address. No KYC required. https://offshore.exchange/ http://offshore55oi4kfe3wmaum3fa2xytn525ehwdla3empswpaju55uoxid.onion/login submitted by /u/OffshoreExchange [link] [comments]
    /u/OffshoreExchange
  • Some new molds added for our candles we sell for monero January 28, 2023
    I would like to thank you for buying our beeswax candles and let you know that it means a lot to us and we appreciate every sale, if you want to see some new molds, go to our moneromarket.io listing https://preview.redd.it/qq7z4n7rhtea1.jpg?width=3024&format=pjpg&auto=webp&s=64a345ebcbb08f57086ea59442383eb18ee68374 submitted by /u/lzsl [link] [comments]
    /u/lzsl
  • A few Questions for other merchants January 28, 2023
    Hello, I'm in the final stages of launching a U.S. based online store (still finalizing a few things), and I am on the fence about accepting Monero. I'm a big crypto advocate and monero is actually my favorite coin behind big daddy BTC. But I'm not sure whether I will actually recieve enough payments in […]
    /u/Monero_Merchant
  • Stablizing monero January 28, 2023
    Would you be upset to walk into a physical establishment that accepted monero and see a sign saying "monero is worth $180 dollars today. You may get a "deal" or you may get "ripped off" depending on the day, but the rate is within say 3% of the actual monero price? Example: at the time […]
    /u/shortwavesurfer2009

RSS News

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!