Monero is quite a unique cryptocurrency when you compare it to rest of the family. It has taken decentralization and anonymity to a whole next level. Lately, it is known to be hackers favorite blockchain currency lately because they could infect your computer through javascript and have it mine XMR for them! Don't worry, you are about to learn much more about this currency, we have collected some valuable information explaining Monero and popular digital currency exchanges where to buy XMR.
Monero XMR Digital Currency Explained
Monero is an open-source digital currency that is built to tender to even to the most private-needs. Decentralized operation model comes from the blockchain technology nature. But all of the pimped out privacy features are what makes XMR special. Privacy that this network provides has made it a favorable choice for the hacking community. The main difference between Monero and other digital currencies is that first is fungible, meaning that you could swap out every unit of XMR with another unit. CryptoNote protocol that is a foundation for Monero XMR was written by a pseudonymous author Nicolas van Saberhagen. Monero delivers privacy to all of its users in 3 options. Senders can mask themselves among other transaction outputs thanks to the ring signatures, alongside RingCT that hides the amount of transaction. XMR network operates on two sets of keys that are associated with your wallet. One is view key and other spend key. You could share view key with outside sources to enable optional transparency about your transactions.
Monero XMR Specs
Monero runs on a CryptoNight Proof-of-Work (POW) hash algorithm, originated from CryptoNote protocol. XMR is fungible on the network, giving better privacy than the majority of other cryptocurrencies. Stealth addresses never appear on the public blockchain. Dynamic block size does not have an arbitrary cap, ensuring transactions being processed quickly. XMR network has a high-security ED25519 curve encryption. Two Sets of Keys, view key and spend key. Monero XMR future Kovri project plans to encrypt and route transactions through the I2P Invisible Internet Project nodes to protect users from network monitoring.
Where To Buy Monero XMR Exchanges
Monero is a trending digital currency among top 20 of the blockchain currencies. Make sure that you only trade cryptocurrencies on trusted and verified exchanges. Trust us when we say that one of the worst things that could happen is exchange platform cutting service with your coins locked in. Almost all of the bigger blockchain currency exchanges have listed XMR markets for trading. Some of the most popular digital currency exchange platforms that support XMR are Binance, Bitfinex, HitBTC. You could find Monero trading pairs listed on Shapeshift and Coin-Swap as well.