Monero coin is going places!

Cool tidbits about Monero!

People generally think that Bitcoin is truly anonymous, which is false. Anonymity is definitely Monero’s best feature, which is partly why it went up from $50 to $125 in just a few days.

The main benefit of investing in Monero is its unparalleled user anonymity. It uses a number of really intricate and sophisticated methods to bring about exceptional privacy. It can be broken down into a few methods.

Firstly, it has stealth addresses. When you trade with other coins, you’ll normally see the destination address, meaning others can track you. Unlike Bitcoin and other coins, Monero only displays a cryptographic hash of the destination address to the public. The sender and the recipient are the only ones who can decipher the hash.

They use separate transaction units as well. For example, if you send 100 XMR, it will be delivered in separate sums of 20, 50 and 30 XMR. They are separately recorded which makes tracking so much harder. It also uses ring signatures to mix transactions and make anonymity possible!

Source:
https://www.ordinaryreviews.com/2017/09/01/cryptocurrency-invest-before-2018/