Monero Turns Seven Years Old
We, at SmartLiquidity Network, wants to greet Monero a happy anniversary.
Monero is a privacy-focused cryptocurrency released in 2014. It is an open-source protocol based on RandomX formerly CryptoNote. It is also the leading cryptocurrency focused on private and censorship-resistant transactions. It is an electronic cash that allows fast, inexpensive payments to and from anywhere in the world.The Monero Project is at the forefront of cryptocurrency privacy and security.
Monero is not only committed to making a fungible currency, but also to continued research into the realm of financial privacy as it involves cryptocurrencies. In Monero history, there was no premine or instamine, and no portion of the block reward goes to development.
When it comes to security, users must trust Monero with their transactions. Transactions are cryptographically secure using the latest and most resilient encryption tools available. Privacy is the most important thing for Monero that’s why Monero needs to be able to protect users in a court of law and, in extreme cases, from the death penalty.
Monero’s Proof of Work algorithm prevents specialized mining hardware from dominating the network and allows for fair distribution of block rewards
ABOUT Monero
Monero is an open-source, privacy-oriented cryptocurrency. It is a currency and can be exchanged for goods and services, privately and with very low fees.
USEFUL LINKS
