What is Monero?

Monero – a project kryptovalyut open source, which provides the best security and privacy than most virtual currencies. It is designed to give everyone the ability to control your finances without the control of the government and financial agencies. The accepted cryptographic techniques ensure that the spy has zero knowledge about your transactions.

Who created Monero?

Monero – this is largely a community project that does not cost him a single man. More than 240 responses, which consisted of developers and marketers gathered and brought to life. However, there are about 30 developers. Everyone can contribute to this network by donating your skills or capital.

Monero has no base in any country. Thus, it may be difficult to exclude or limit its work in a particular country. But do not be sure of this, as China and South Korea have already proved that any cryptocurrency can be removed from the job in certain jurisdictions. China officially banned Exchange ICO couple of months ago.

Security Features Monero

Without a doubt, Monero Blockchain – one of the safest places for bargains. Blockchains Ethereum Bitcoin and transparent, so that everyone can verify the authenticity of the transaction. This means that any user with excellent computing skills and resources can easily decode the user & # 39; the real world. It is extremely shocking as it contradicts the main principle of decentralized projects – zbyantezhayuchyh user details.

Cryptographic methods Monero mistyfikuyuts user data, making it impossible to sniff data anything. The two main security protocols, which are used, – a signature and hidden addresses. First mix all the addresses in the network, which makes it difficult to the outside observer to associate a single address with a specific account.

The latter refers to the conditions, if the address is only used for a single transaction. There can be no addresses for two or more transfers. Use addresses untraceable, and the new ones are created at the time of the next transaction. In short, all the data concerning the sender, the recipient and the transferred amount shall not be subject to intense inspection. However, the network is not a & # 39 is completely "closed", as people can choose who can view their transaction.

pros Monero

• Private, secure and not adsochvaemaya
• Scalable without limitation blockchain
• A strong and capable team
• Widely accepted
• My plan to encourage miners to maintain blokcheynu, even if the delivery end
• selectively transparent – you choose who will see the transaction

cons Monero

• My minute level of centralization
• It is not widely accepted

future Monero

Currently, decentralized technology getting a lot of excitement, and it simply means widely accepted. As this technology becomes widespread and the government are trying to squeeze users, investors are going to demand more public-oriented crypts, and it might just put Monero straight to first place in the selection. This currency is definitely worth a shot.