Monero (XMR) is a secure, private and untraceable currency in Top-10. Monero uses technology to ensure that transactions are not tracked and the balance remains hidden.
Every Monero transaction, by default, obfuscates sending and receiving addresses as well as transacted amounts. This always-on privacy means that every Monero user’s activity enhances the privacy of all other users, unlike selectively transparent cryptocurrencies.
Monero protects private info and by default hides transaction data from the outside world. This is an interesting digital currency with the original technology over the back.
The main feature of Monero is the use of the “CryptoNote” encryption algorithm, which operates on the basis of “Ring signature”. This ensures passive mixing and all transactions in the system are anonymous.
Monero uses a network of “Stealth” addresses, there are 2 keys, which allows you to completely hide the information of your transactions. “Spend key” is used for spending money, and “View key” user can share to grant access to certain persons.
The presence of two keys allows a third party to view information about transactions if it needed, without access to the funds. The addresses are specialized types of cryptographic public keys. The funds associated with these addresses can only be moved using their paired secret keys.
When you send XMR it will be delivered in several separate payments. For example, if you send 9 XMR they will be delivered in whole amounts of 5, 3 and 1 XMR. All transactions will be separately added to the blockchain since they have been transferred to their own Stealth address.
Monero is an active development that attracts most users and crypto-investors because of its high potential for growth.
Monero is one of the leading cryptocurrencies with a focus on private and censorship-resistant transactions. We are very happy that Monero holders can now utilize the immutable Atomic Wallet with distributed orderbook and inbuilt Mainnet Atomic Swap Decentralized Exchange!
There was no safe place to conduct private transactions until now. Be your own Bank and take the control of your assets!