Monero (XMR) Path To New All Time High. XMR Chart Analysis And Price Prediction 2022


Monero goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.

XMR’s origins can be traced back to Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012. Two years later, a member of the Bitcointalk forum — only known as thankfulfortoday — forked BCN’s codebase, and Monero was born. They had suggested “controversial changes” to Bytecoin that others in the community disagreed with and decided to take matters into their own hands.

There are several things that make Monero unique. One of the project’s biggest aims is achieving the greatest level of decentralization possible, meaning that a user doesn’t need to trust anyone else on the network.

Privacy is achieved through a few distinctive features. Whereas each Bitcoin in circulation has its own serial number, meaning that cryptocurrency usage can be monitored, XMR is completely fungible. By default, details about senders, recipients and the amount of crypto being transferred are obscured — and Monero advocates says this offers an upper hand over rival privacy coins such as Zcash, which are “selectively transparent.”

Monero (XMR) Path To New All Time High. XMR Chart Analysis And Price Prediction 2022

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2 gedachten over “Monero (XMR) Path To New All Time High. XMR Chart Analysis And Price Prediction 2022”

  1. Thank you for watching this video
    Don’t forget to like this video

  2. it is incredible when you look at how strong Monero XMR price is compared to Zcash ZEC price. They are the far and away #1 and #2 Privacy Coins, but their performance is vastly different

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