Monero (XMR)

What is Monero?
One of the best cryptocurrencies for anonymous payments, Monero boasts its proprietary CryptoNyte protocol. It makes ASIC mining impossible and payments – untraceable. Being one of the Top-15 world cryptocurrencies, XMR is widely used for daily trading and long-term investments.
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Monero
One of the best cryptocurrencies for anonymous payments, Monero boasts its proprietary CryptoNyte protocol. It makes ASIC mining impossible and payments – untraceable. Being one of the Top-15 world cryptocurrencies, XMR is widely used for daily trading and long-term investments.
What are the Monero features?
Anonymity
Anonymity
Transactions with XMR coin are 100% anonymous: names, addresses, and other personal data of the sender and receiver are not disclosed. You are free to send the coin without any limits
Mining
Mining
Due to the CryptoNyte algorithm, the crypto cannot be mined with ASICs – only GPU and CPU are used for that. It means users don’t have to buy very expensive mining equipment, and the chances of finding a block are equal for all users
Safety
Safety
Not only Monero XMR transactions are safe due to anonymity. Users can also be sure that their assets cannot be stolen from a wallet. The new protocol and advanced encryption make this cryptocurrency superb
Profitability
Profitability
Monero is considered to be a highly profitable asset. Its ROI is 3,000%, and further growth is still possible. In the following years, Monero price can multiply due to widespread coin implementation
Speed
Speed
Today, Monero blockchain features 1,700 TPS speed, which is much faster than what Bitcoin offers. You can purchase or send Monero coin in a couple of seconds, there is no need to wait several hours for transaction confirmation
Growth
Growth
Despite market trends and bearish periods, Monero stays a highly-demanded asset. If you look at Monero price chart, you will notice a steady upward movement. The blockchain continues evolving and attracting new users
Monero (XMR) Wallets
Monero Price (USD), 24h % Price and Volume
Monero Price
$ 120.78
24 Hours Price
- 5.4 %
24 Hours Volume
24 Hours Volume
$ 672 674 239

How to buy Monero?

Still don’t know whether Monero is a worthy option for investment and trading? Let’s take a closer look at this cryptocurrency.

This is one of the Top-3 coins used for anonymous payments along with BTC and LTC. The secret of success lies in the fact that ring signatures are used instead of public and private keys. It means that the information about transactions is mixed, which makes the identification of users impossible. Aside from the total anonymity of Monero XMR transactions, the blockchain implements stealth addresses, which is considered to be a safer option than private and public keys.

Unlike many other blockchains, Monero did not limit the emission of coins. From one point of view, it might lead to the inflation of cost. From the other, it means miners can earn a decent number of coins with one block being generated within 2 minutes and rewarded with 18,4 XMR.

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Monero news
BlockFi is raising interest rates on bitcoin and ether
Cryptocurrency lender BlockFi revealed it will raise interest rates on Bitcoin and Ether, effective April 1
ConsenSys, EY team up with Microsoft to build an Ethereum-based protocol for enterprise use cases
ConsenSys and Ernst & Young (EY) announced the two firms are developing a new Ethereum-based protocol, dubbed Baseline Protocol, in collaboration with Microsoft.
Most large cap cryptoassets are now negative for the year
With the recent market turmoil most large cryptoassets saw their year-to-date (YTD) returns turn negative. Bitcoin is now down 15.85% while Ethereum is down 0.95%.