What is Monero?
Monero (XMR) is a decentralized crypto currency with a strong focus on anonymity and thus the protection of privacy. Compared to other crypto currencies, B. Litecoin, which is only based on a bitcoin split and slightly modified code, the crypto-currency Monero (XMR) was completely reprogrammed.
Advantages of Monero against other crypto currencies
• the high anonymity,
• the CPU-optimized proof-of-work algorithm (decentralization),
• the steady adjustment of the Mining Difficulty
• the algorithm for adjusting the block size (scalability).
• Currently, Monero has a market capitalization of approximately 700 million euros.
Why is there Monero?
Considering the characteristics of crypto currencies, in many cases it is a matter of decentralization and anonymity. In times of the "glass citizen", a completely unregulated financial market or an unregulated currency consisting purely of supply and demand is interesting not only for social critics, but also indicates the potential of a market that is not in the interest of governments or fiscal policy maneuvers regulated and manipulated (see ECB interest rate policy)
In this aspect, of course, the complete anonymity of financial transactions is also interesting. For this reason, Monero is also predicted an enormous potential from the crypto scene. How precisely the Monero development goes on, is currently not known, but the issue of anonymity and decentralization is very high in the course.
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