Do you like the site? Could you upvote us on producthunt.com?  Yes No
Would you like a quick introduction to the features available on this page?  Yes No
Monero

Monero XMR

  • Digital currency
  • Privacy
  • Anonymity
$120.20 Price
-1.13% % 24h
-0.15% % 1h
Score
$1,845,826,580 Mkt. Cap
$56,641,400 Vol. 24h
You are currently following this coin

Monero project purpose and description

Short description

Monero is the leading cryptocurrency with a focus on private and censorship-resistant, transactions. Almost all cryptocurrencies (including Bitcoin and Ethereum) are transparent. They reveal your entire transaction history to the world. Monero uses unbreakable cryptography to ensure that no one can see how much money you have or where you spend it, even if they know your wallet address.

Abstract

Monero by design introduces the notion of one-time random addresses. The idea is that each sender of a transaction generates a new one-time random address for the recipient in a way that only the recipient can spend it using a long-term secret key. If each address is generated using fresh randomness and is used only once, then it should be hard for an adversary to link two addresses. Monero enforces untraceability using a cryptographic primitive called ring signatures. The primitive allows a sender (also the signer) to anonymously sign the transaction (the message) on behalf of a set of other users. As a result, the real output being redeemed remains anonymous amongst the chosen set of outputs belonging to other users. The guarantee that Monero aims to achieve is the privacy à la anonymity-set size.

Link to Roadmap: https://getmonero.org/resources/roadmap/
Hdac is the best IoT Contract Platform based on Blockchain