Monero is an open-source cryptocurrency project with better security and privacy than most virtual currencies. It is designed to give everyone the power to control their finances without the oversight of government and financial institutions. Adopted cryptographic techniques ensure that any spy has zero knowledge of your transactions.
Who made Moniro?
Moniro is basically a community project with no single person behind it. It brought together more than 240 experts, developers and marketers. However, about 30 developers are known. Anyone can contribute to this network through their skills or capital donations.
Moniro has no base in any country. Therefore, shutting it down or limiting it to operating in certain countries can be hard evidence. However, you should not be so sure about this as China and South Korea have already proved that any cryptocurrency can be removed from operating under certain jurisdictions. China officially banned ICOs a few months ago.
Moniro protection features
Undoubtedly, the Monroe blockchain is one of the safest places to transact. Ethereum and Bitcoin blockchains are transparent so that anyone can verify the authenticity of the transaction. This means that anyone with great computing skills and resources can easily decode the user’s real-world identity. This is extremely rebellious because it goes against the basic principle behind decentralized projects – user details.
Moniro’s cryptographic techniques make user data mysterious which makes it impossible for data sniffers to find anything. The two main security protocols employed are ring signatures and stealth addresses. The former combines all the addresses of the network thus making it difficult for an external observer to link a single address to a specific account.
The latter refers to a situation where an address is used for a single transaction only. There can be no single address for two or more transfers. The addresses used are unreachable and new ones are created during the next contract. In short, not all details related to sender, recipient and transferred amount are open for verification. However, this network is not completely “shut down” because individuals can choose who can see their transactions.
Private, secure and non-stop
Block Scalable without any blockchain limit
R Strong and capable team
There are plans to encourage miners to maintain the blockchain even if supplies run out
• Selectively transparent – you choose who can see your transactions
Central has a minute level of centralization
Widely not yet widely accepted
Decentralized technologies are getting a lot of hype right now and that simply means widespread recognition. As the technology is widely adopted and governments are trying to bring users down, investors are demanding more private-based cryptocurrencies, and this could probably put Moniro at the top of the list. This coin is definitely like giving a shot