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  • Calling all Crypto Webmasters! July 8, 2020
    Hi all, I have recently developed a website for Bitcoin/crypto awareness and exchange guides called https://www.buybitcoinfinder.com/ It is slowly climbing up the rankings. I was wondering whether anyone else is a Bitcoin/crypto webmaster and would like to swap backlinks for authority? 🙂 Thanks, BBF submitted by /u/buybitcoinfinder [link] [comments]
    /u/buybitcoinfinder
  • Solo mining from wallet July 8, 2020
    So I have a Threadripper 3990x I use for work, it stays on 24/7 connected on a solar powered house with battery (close to 0 electricity cost to run). Today I decided to try and put this computer to mine XMR to see how it would fare. Using 64 cores it can solo mine from […]
    /u/uniVocity
  • Monero High Res Images July 8, 2020
    Looking for some cool phone wallpapers of Monero, anyone have any they’d like to share? submitted by /u/EpicSavedMyLife [link] [comments]
    /u/EpicSavedMyLife
  • How do you update the monero gui on tails? July 8, 2020
    Just curious if there's a way to update the gui to v16.0 on tails OS, I know I can just delete it and install the new version but I was hoping there's an easier way for now and future needs. submitted by /u/garicula15 [link] [comments]
    /u/garicula15
  • Leaked FBI documents show alleged bitcoin laundering using monero July 7, 2020
    submitted by /u/hcarpach [link] [comments]
    /u/hcarpach
  • THIS WEEK ON MONERO TALK: Dr. David D. Friedman - On Digital Cash July 7, 2020
    Watch Here: https://www.youtube.com/watch?v=yRzzdTC1T8o Listen Here: https://www.monerotalk.live/dr-david-d-friedman-on-digital-cash ‪Special thanks to our sponsors, Cake Wallet and XMR.to for making these interviews possible! And of course our listeners and supporters for making Monero Talk possible! Listen to all the podcasts here: iTunes: https://podcasts.apple.com/us/podcast/monero-talk/id1445930212 Spotify: https://open.spotify.com/show/60lQ05X8lcuXv71fhi6hl7?si=SL2rlvDPS0q68169NlCrtQ Google Play: https://play.google.com/music/listen?u=0#/ps/Iixoofiw33pq6vmjxhmnhf6b7fe Stitcher: https://www.stitcher.com/podcast/monero-talk?refid=stpr If you enjoy our show please Subscribe, Like, […]
    /u/sunchakr
  • LochaMesh launch is near! [Dev interview] July 7, 2020
    submitted by /u/hcarpach [link] [comments]
    /u/hcarpach
  • 'Kraken Launches New USD Funding Option for US Residents' July 7, 2020
    submitted by /u/dEBRUYNE_1 [link] [comments]
    /u/dEBRUYNE_1
  • how to see my address? July 7, 2020
    i got the gui wallet from getmonero, but i cant see my address anywhere, only a shortened form thats like "abcabc .. abcabc" submitted by /u/buki_chan [link] [comments]
    /u/buki_chan
  • New Monero Pillow Design July 7, 2020
    The topic of the Monero currency symbol recently came up on a Coffee Chat - so I thought I'd make a design using this symbol. You can find it on https://monero.style Here's what it looks like: https://preview.redd.it/9rtves3mlg951.jpg?width=1400&format=pjpg&auto=webp&s=322fdaf5d43c3d785d8fcfba5cb1299a718a963d submitted by /u/Mochi101-Official [link] [comments]
    /u/Mochi101-Official

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!