What is Monero (XMR)?

Monero is a blockchain that, unlike Bitcoin, is actually anonymous. Compared to other so-called privacy coins, Monero does not offer the possibility to make public transactions, since every transaction is anonymous. The Ring Signature and the Stealth Addresses make this possible. The ring signature makes it impossible to find out which wallet a transaction comes from. The Stealth Addresses encrypt the recipient's address, which also prevents it from being traced. However, there is the possibility to provide a viewer key, which can be used to review the transaction history of a wallet.
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Cryptohunt's Opinion

Our take on Monero

There is often a misconception that cryptocurrencies are generally annoymous. In fact, all transactions can be traced as for instance on the Bitcoin and Ethereum blockchain. Once the owner of a wallet is known, the transactions history of a person is public. Monero is the solution to make cryptocurrencies anonymous again and makes this possible through its ring signature and stealh addresses. However, cryptocurrencies are becoming more and more regulated and being taken off exchanges. If this trend continues, the anonymity of cryptocurrencies is not a long-term vision that will survive regulation, so what makes Monero so special will be pointless.
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Listen to "What makes Monero special?"
Learn how privacy is possible, even on public blockchains. Today's Episode: Monero. · 2 mins
What makes Monero special?
Monero is a on its own, uses to validate transactions, and is. Monero does not support.

Interesting facts about Monero

Here are some facts you may not already know about Monero. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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Stealth addresses are used to encrypt the recipient.

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The ring signature encrypts the sender address of transactions because it shows many potential senders instead of just one.

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Monero allows announoymus transactions.

Monero reviews from the cryptohunt community

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Monero price and insights

See how much Monero is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
No reviews yet
0% feel totally fine about Monero today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
3,070
12% of them are active
# Telegram members
8,335
5% of them are active
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Monero, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
3,070
# Active Discord members
359
# Telegram members
8,335
# Active Telegram members
451

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