Crypto monero

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What is Monero? XMR Explained with Animations
Monero (XMR) is the top privacy-centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system. Monero is the leading cryptocurrency focused on private and censorship-resistant transactions. The majority of existing cryptocurrencies, including Bitcoin. Monero is a cryptocurrency which uses a blockchain with privacy-enhancing technologies to obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading Monero, transaction amounts, address balances, or.

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Monero's roots can be traced back to CryptoNote , a cryptocurrency protocol first described in a white paper published by Nicolas van Saberhagen presumed pseudonymous in October We Need Your Skills: Contribute! This is done through a method of transaction broadcast propagation; new transactions are initially passed to one node on Monero's peer-to-peer network, and a repeated probabilistic method is used to determine when the transaction should be sent to just one node or broadcast to many nodes in a process called flooding.