For those that think Bitcoin isn’t anonymous enough, look no further. Launched in 2014, Monero is a privacy coin that goes the extra mile in peer-to-peer philosophy by obscuring senders and recipients alike through the use of advanced cryptography. ‘Decoy coins’ can also be included in transactions to make it impossible to determine the value of a transaction if the sender wishes to do so. Simply put, XMR is just a digital currency exchangeable for goods, services and other currencies, all for pretty low fees — but its USP is most certainly its super-opaque blockchain.
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Popular privacy token Monero has hardforked – making it even easier to deal in crypto from the shadows.
Investors coordinate a bank run dubbed ‘Monerun’ to pull XMR off exchanges amid allegations of suspended withdrawals and misrepresented reserves.
The Monero community is getting worked up over security on the blockchain as one mining pool comes close to network dominance.
Monero is up 22% for the week so far as people take a closer look at the privacy-orientated cryptocurrency following the federal seizure of Colonial Pipeline ransomware payments.
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