(XMR) Monero News

Monero (XMR) is a fully-fungible and completely-anonymous cryptocurrency that functions to provide an untraceable alternative to Bitcoin (BTC).

Unlike first-generation cryptocurrencies such as Bitcoin and Litecoin (LTC), Monero does not display potentially-sensitive information on the blockchain ledger — preventing transactions from being linked with a user’s real identity

By default, Monero obfuscates the origin, recipient, and amount of each transaction using ring-confidential transactions and stealth addresses — ensuring that all Monero in circulation cannot be tracked to any single individual or activity and, hence, cannot be tainted and blacklisted by exchanges.

Despite being a code-fork of Bytecoin, Monero features extensive changes to its codebase, much of which has contributed to its success.