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  • "Revolucion". (Me, Pencils, markers on acid free paper 297x420mm.) January 19, 2022
    submitted by /u/siddharta0 [link] [comments]
    /u/siddharta0
  • Group OpenBazaar January 19, 2022
    Hello! I created OpenBazaar group. The place where you can buy and sell goods with cryptocurrencies. I created this market because it requires a decentralized market. Marketing will be done with moderators, almost the same as the OpenBazaar platform. I invite you on the P2P group OpenBazaar: OpenBazaar 2.0 | Facebook submitted by /u/Norica_Adriana [link] […]
    /u/Norica_Adriana
  • XMRmemes.com has a big problem. Tips sent to my memes are lost forever. January 19, 2022
    Hi guys, I contacted the owner of the site but have not gotten any response 2 months later. Last time I checked there are new tips coming in for my memes but I don't have my old address available anymore. There is no way to input a new address so all tips sent in that […]
    /u/CryptoniteClub
  • Interesting stuff! January 19, 2022
    I found this very interesting analysis about BTC security: https://mobile.twitter.com/MorganTBennett/status/1482411627655933953?cxt=HHwWgsC51a3hypIpAAAA It becomes even more interesting at the end of it, in the appendix, I copy and paste: ”Re: "But hashrate is at an all-time-high, so bitcoin security must be great" No. Hashrate alone is a misleading metric for btc security. Remember: while hashrate increases over […]
    /u/Dein_Psychiater
  • Cashing out January 19, 2022
    I only have a tiny bit of monero (can’t remember amount but is at £20ish atm) but I used shitty exodus and cannot cash out any of my crypto. There’s a few coins stuck in there but I’m desperate for cash to get to work so wanted to cash it out. Is there any sites […]
    /u/UGLYPHOBlC
  • Intel entering the asic market January 19, 2022
    submitted by /u/CryptoniteClub [link] [comments]
    /u/CryptoniteClub
  • Privacy. January 19, 2022
    submitted by /u/A_solo_tripper [link] [comments]
    /u/A_solo_tripper
  • SGX on path to deprecation (tried and true cryptography wins) January 19, 2022
    submitted by /u/monerochan-moe [link] [comments]
    /u/monerochan-moe
  • What would you like to see? January 19, 2022
    I recently looked over /r/moneromarket and I was curious, what services that accept monero are you wanting to see that aren't being met right now? What would the community be interested in seeing? I've got some free time on my hands and would be interested in burning some brain processing power. I figured I would […]
    /u/jdoplays
  • MONERO LIGHT UP CIRCUIT BOARDS. I accept XMR January 19, 2022
    submitted by /u/HackerIndustrial [link] [comments]
    /u/HackerIndustrial

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!