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  • Monero English Seed into Chinese Seed? April 19, 2019
    Hi, I just started a fresh Monero CLI wallet in Chinese out of curiosity and noticed that the seed is in Chinese. The 25th word is also a copy of a word in the first 24 words (the checksum like in the English version). How does this work? There are only 21 letters in English, […]
    /u/XMRLivesMatter
  • Question about ZK-STARKs and the future of Monero April 19, 2019
    How come the crypto community is so reliant on starkware to come up with ZK-STARKs? Isn’t it possible someone else discovers how to do it or create an alternative? Why is this starkware company the sole creator of starks? Isn’t there a chance that someone in the Crypt0 community can come up with something better […]
    /u/zeroknowledgeproofs
  • XMR-Stak Hashrate Viewer v3.0 April 19, 2019
    Hello everyone, By popular demand, I've once again updated my software to include features the community has requested! Go check it out! I'm super proud of this release so hopefully you all enjoy it! DOWNLOAD LINK: https://github.com/hotrodman106/XMR-Stak-Hashrate-Viewer/releases Changelog: Added password persistence Added more miner data Added miner version data Added miner results data Added miner […]
    /u/hotrodman106
  • Proof of Steak - Is it a big lump of beef drummed up by the crypto establishment? April 19, 2019
    What is the difference: POW/POS - Somebody explain to be how making your balance work toward chain validation is evil. Thank you. Keep the faith. submitted by /u/in_the_soup [link] [comments]
    /u/in_the_soup
  • Moneroversary Puzzle April 19, 2019
    Announced on the Moneroversary livestream, this puzzle has a 24 hour time limit. Finish the puzzle to get an entry to a game exploring game theory to win some Monero once the time limit expires. Have fun! https://usercontent.irccloud-cdn.com/file/P7GNG8wS/moneroversary_puzzle.7z Edit: the image has only 14 boxes at the bottom. There should be 15. Whoops. submitted by […]
    /u/needmoney90
  • Please add dark theme to Cake Wallet! April 18, 2019
    Let me start by saying thanks to the dev team at Cake Technologies. I love the app. This is by far the best mobile wallet for iOS right now. I would really appreciate it if the dev team considered implementing a dark theme. I think it would be nice. There are also a few bugs […]
    /u/zeroknowledgeproofs
  • Need help April 18, 2019
    Hello, ​ Am new to crypto & chose Monero. Trying to mine from iMac ( local node) & couldn't get it started. Need help figuring out my mistake. ​ Daemon has synced twice before & now the wallet block is stuck pending at 29 for almost a day. But the status logs shows otherwise. Am […]
    /u/prairiedream
  • TIL Esperanto was used by the US Army for war games, as the language of the "Maneuver Enemy" April 18, 2019
    Found this old video on YouTube. Its very odd they would choose this language as one of the enemy. Why would they choose a language that promotes peace?... "From the 1950s through the 1970s, Esperanto was used by the US Army for war games, as the language of the "Maneuver Enemy", also known as the […]
    /u/zeroknowledgeproofs
  • Monero's 5th "Moneroversary" Showcase ft. fluffypony, sarang, rehrar, needmoney90, and more! April 18, 2019
    submitted by /u/SamsungGalaxyPlayer [link] [comments]
    /u/SamsungGalaxyPlayer
  • Happy Birthday! Mastering Monero FREE version has been released April 18, 2019
    submitted by /u/serhack [link] [comments]
    /u/serhack

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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!