Monero (XMR)

Monero is a digital currency designed to be used as a completely anonymous payment system.

A common misconception with Bitcoin is that it is completely anonymous. In reality, all payments processed on the Bitcoin network are recorded on a public ledger (blockchain), so Bitcoin is actually only partially anonymous or “pseudonymous”.

This means that you can, in theory, trace back every transaction a coin has been involved with from its creation. Though users aren’t able to inherently link the public key on the blockchain with the private keys used to store the coins themselves, there will always exist a correlation between the two.

Monero has solved this problem by implementing cryptonic hashing of receiving addresses, therefore separating the coin from the address it is going to. This can be hugely valuable for anyone wishing to conceal their purchases.

The Monero development team consists of 7 core developers, only two of which are publicly known. There have been over 200 additional contributors to the project and software updates are implemented every six months or so.

To learn more about Monero including its competitors and challenges, read “What is Monero”.

Top News

Ethereum Completes Istanbul Hard Fork

Ethereum Completes Istanbul Hard Fork

This is the Ethereum network’s first hard fork since Constantinople in February. It is said to improve speed and gas efficiency. It was activated at block number 9,069,000. Ethereum completed its Istanbul hard fork on December 8th, 2019. This is the Ethereum network’s first hard fork since Constantinople in February. …

Read More »

Tezos Foundation Ready to Fund Ethereum’s Projects

Tezos Foundation Ready to Fund Ethereum’s Projects

The Tezos Foundation (TF) is willing to provide funding for some of the Ethereum Foundation’s projects that were abandoned due to lack of financing. The Ethereum Foundation is planning on shutting down a lot of their international teams in 2020. Nina Breznik tweets on how her team wishes to continue …

Read More »

Ethereum Announces it’s Latest Update for Eth2

ethereum post is there proof read it.

First ethereum2 networking call to tackle all the networking and first eth2 phase2 community call to rally the effort. Parity’s Shasper joins Prysmatic’s Sapphire testnet.  Presentation, specification, and implementation of the new BLS standards. Ethereum announced an update on its blog on December 5, 2019. The update highlighted many new …

Read More »

Microsoft Helping Firms to Trust AI using Blockchain

Microsoft Helping Firms to Trust AI using Blockchain

Microsoft is using Blockchain technology as an option to make artificial intelligence less complicated. This blockchain data manager takes on-chain data and connects it to another application so the transaction data from nodes can be sent to other databases. The tracking of shipments of organic beef from Argentina could be …

Read More »

SBI Holdings to Pay Dividends in XRP Tokens

SBI Holdings to Pay Dividends in XRP Tokens

SBI Holdings CEO Yoshitaka Kitao reveals that the Japanese financial services giant has been considering paying shareholder dividends in the form of XRP tokens. The opt-in program is expected to launch during the fiscal year ending in March 2020. This latest move provides substantial credibility to Ripple and its overall ecosystem. …

Read More »

Facebook Presses for Regulatory Approval in the EU But Failed

Facebook Presses for Regulatory Approval in the EU

Facebook’s own digital currency Libra continues to push for establishing its presence in Europe. EU finance ministers agreed that private digital currencies should not be permitted until the risks are clearly addressed. Dante Disparte, deputy chair of the Libra project is determined to make a presence in the EU. Facebook’s …

Read More »

VeChain Launches VeVote in an Attempt to be More Transparent

VeChain Launches VeVote in an Attempt to be More Transparent

VeVote is a tool that the VeChain community can use to see the incoming changes in the VeChain ecosystem. VeVote provides a transparent and decentralized platform for stakeholders to cast their votes based on their voting authority. The whole process is executed via smart contracts and is recorded on the …

Read More »