What is Monero?(XMR)

Monero (XMR) in a Nutshell

Introduction to Monero

Monero is one of the most private and anonymous cryptocurrencies available on the market. When the idea for the project first surfaced, the founders wanted to offer a global anonymous transaction solution, which is why they chose the name “Monero.” The name Monero means “coin” in Esperanto language. With that said, it is important to mention that this cryptocurrency uses a list of different technologies to achieve its goal and make it nearly impossible to track Monero transactions. Monero offers a selection of unique features that make it stand out among other cryptocurrencies, which we will discuss below.

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