Monero is primarily a cryptocurrency focused on privacy and anonymity in transactions, it is one of the top cryptocurrencies in the cryptocurrency space, its privacy-related aspects have put this cryptocurrency in the spotlight more than once by exchanges and governments.
Some of their main features are that their transactions are untraceable, and they are disassociated from any guardian of the cryptocurrencies, whether it is the user who sends Monero or the one who receives it.
Monero is also one of the most consolidated and oldest cryptocurrencies on the market, which was created in 2014, since then it has remained faithful to its purpose, in fact, the creator of said cryptocurrency is unknown, as with the creator of Bitcoin, Satoshi Nakamoto.
Monero has a very large community of defenders, due to the fundamentals of the coin, which are resistant to censorship and persecution, also given its characteristics, it is usually one of the most used cryptocurrencies for illicit acts on the black markets and other types of crimes.
The supply of Monero is infinite, but it currently only has 18 million coins in circulation. In addition, Monero, being a Proof of Work protocol like Bitcoin, has a mechanism for reducing miners' rewards, currently set at 0.6 Monero. (XMR) per block, it is not exactly a halving, but this occurs from time to time making Monero increasingly scarce, so when Bitcoin reaches its 21 million coins in circulation, Monero will have about 22 million coins in circulation, because it is a cryptocurrency that will become increasingly scarce.
The current price of Monero is around $125 and with an all-time high of almost $500 per coin, Monero is expected to continue growing and evolving, as it is a cryptocurrency with very good fundamentals, and when the dreaded CBDCs arrive, Monero will be a shield against surveillance and little privacy online.
Some of their main features are that their transactions are untraceable, and they are disassociated from any guardian of the cryptocurrencies, whether it is the user who sends Monero or the one who receives it.
Monero is also one of the most consolidated and oldest cryptocurrencies on the market, which was created in 2014, since then it has remained faithful to its purpose, in fact, the creator of said cryptocurrency is unknown, as with the creator of Bitcoin, Satoshi Nakamoto.
Monero has a very large community of defenders, due to the fundamentals of the coin, which are resistant to censorship and persecution, also given its characteristics, it is usually one of the most used cryptocurrencies for illicit acts on the black markets and other types of crimes.
The supply of Monero is infinite, but it currently only has 18 million coins in circulation. In addition, Monero, being a Proof of Work protocol like Bitcoin, has a mechanism for reducing miners' rewards, currently set at 0.6 Monero. (XMR) per block, it is not exactly a halving, but this occurs from time to time making Monero increasingly scarce, so when Bitcoin reaches its 21 million coins in circulation, Monero will have about 22 million coins in circulation, because it is a cryptocurrency that will become increasingly scarce.
The current price of Monero is around $125 and with an all-time high of almost $500 per coin, Monero is expected to continue growing and evolving, as it is a cryptocurrency with very good fundamentals, and when the dreaded CBDCs arrive, Monero will be a shield against surveillance and little privacy online.
