Monero is a digital currency that was founded in April 2014 under the name BitMonero. The currency grew primarily when it was adopted by the marketplace AlphaBay in 2016. As of April 2017, Monero became the 6th most traded currency in the industry.
Nonetheless, Monero provides great privacy for users. The currency is highly fungible, which means it can be interchanged with no change in perception of value. Monero is also practically untraceable. So if you receive an XMR (that’s what you call one monero coin) you can’t trace it back unlike other block-chain based currencies. Monero is decentralized and verified through mining, but the information is kept secure. The price of Monero has been increasing in the past few years and investors are confident that the currency will grow in the future.
Will Monero Crash? Monero is a digital currency that was founded in April 2014 under the name BitMonero. The currency grew primarily when it was adopted by the marketplace AlphaBay
Why is Monero so popular? Monero is one of the cryptocurrencies which has maintained the high privacy of its coins and coin holders. Monero boasts an untraceable, secure and private
