This is a cryptographic system described for the first time at the end of 2012 by Nicolas van Saberhagen, where the transactions are also recorded in a blockchain, but without giving details neither the transmitter nor the receiver nor the actual quantity: it is only possible to know that the amount Shown is always less than the real one.
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Nero (XMR) is born with the name of BitMonero, a union between ' bit ' of Bitcoin and literally ' currency ' in the Esperanto language. So far, loyal to the philosophy of privacy as a fundamental human right, of his group of seven developers only two have revealed his name: Ricardo Spagni, software expert originally from South Africa, and Francisco Cabañas, a Canadian physicist; Both also criptomonedas enthusiasts.
But What is Monero?
Monero is a digital currency built using blockchain technology. Like Bitcoin, Monero can also be used to send or receive payments. So, how is it different from Bitcoin and other cryptocurrencies?
Monero wasn’t built using Bitcoin’s technology. Monero was founded in 2014, with a focus to improve on the lack of privacy in Bitcoin.
When you send Bitcoin to someone, everyone can see who the sender and the receiver is, and how much the transaction is worth.
Outside users cannot see the names of the two users, however, everyone can see the public address of the user’s Bitcoin wallet. And in the world of Bitcoin, your public address is your identity.
So Monero is secure?
Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe.
A real decentralization is another of the main features offered by Nero, alluding to the fact that no government, foundation or central body is in charge of the platform, and that the maintenance is on the account of its developers, that their Have had a number of collaborators without any particular position.
This is different to how Monero transactions work. When a Monero transaction takes place, the identity of the sender and receiver remains private. Also, Monero transactions cannot be linked to each other. Every Monero transaction is private, unlinkable and untraceable, just like physical cash.
The size of the block has no predisposed limits. This is calculated automatically after a trial period, and there will always be sufficient reward for miners with a subsequent inflation of 1% after their first emission curve.
Unlike other criptomonedas, the maximum amount expected for Nero is virtually infinite. Its main emission curve will take place over the next 8 years and reach about 18.4 million coins. After that, a constant ' emission tail ' of 0.6 XMR per block every two minutes will cause 1% inflation to continue lowering, although the system has been designed so that the miners can always obtain at least 0.3 XMR per block.
This Criptomoneda does not have its own portfolio software, so it is necessary to resort to a Web client. The most popular for its functionality is MyMonero, which does not store the private keys on your server. But there are three other options: LightWallet, a lightweight JavaScript-based client that works on most operating systems; The full-service customer of Nero, for those who have the ability to execute a complete node and thus cooperate in the maintenance of the network; And MoneroAddress's offline wallet.
You can investigate, and the Cryptomonedas more active in the market also púedes find which fits more your needs, however each of them continues to obey a highly fluctuating market.-
IS A GOOD INVESTMENT?
Monero has naturally many similarities to Bitcoin and many other cryptocurrencies. However, it tries to win with its privacy functions.
If you are looking for virtual currencies with good return, XMR can be a profitable investment option. Monero price equal to 123.717 USD at 2018-08-02. If you buy Monero for 100 dollars today, you will get a total of 0.8083 XMR. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-07-27 is 1044.190 US Dollars. With a 5-year investment, the revenue is expected to be around +744.02%. Your current $100 investment may be up to $844.02 in 2023.
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My friend I know you think XMR is private but I want to warn you about something. You can not make a private transaction on the internet no matter how hard you try.
Absolute every thing you do on a computer is tractable if you are hook to the internet. The lengths that you would have to go through to keep any transaction private, only the very best, smartest and most resourceful individuals are capable of doing. Nothing done on the internet on a personal computer or phone is private these days absolutely every device is compromised by design.
At some point in every transaction you make, the amount is readable to you on your screen at that point it is compromised by the operating system. The idea behind crypto was never about privacy It is about owner ship and who can distribute money or stop a transaction.
If crypto is to be successful there can be only one.
Most alt coins are made by those who want to destroy crypto and are produced to confuse the people and reduce the efectiveness of the original coins. This is done by creating false crypto with false promises of privacy as well as bad promises . If bitcoin does not survive all are doomed.
If a crypto does not do some thing it has no purpose and any promise of anonymity is a false promise.
The internet tracks every thing you do by design. So don't think anything you do here is private because the powers that rule are counting on you to make that mistake.
I'm Sorry but this is the brutal Truth.
When every one figures this out bitcoin and a few others will be all that is left.
Good Luck my Friend in all your ventures and remember luck is just a figure of speech. There is really no such thing.
thanks for your comments, you are very right, thans friend
I followed you and upvote you, follow back @hammad41