Monero (XMR) is a decentralized proof-of-work cryptocurrency that focuses on providing full anonymity and privacy to its users.
Monero's fundamentals work very similarly to Bitcoin, in that transactions are confirmed by miners who earn a fee in exchange for their contributed computational power.
Monero differs by providing obfuscating privacy features that hide the source, amount, and destination of each transaction. Monero accomplishes this through the use of stealth addresses and ring signatures.
Stealth addresses are simply one-time addresses that are generated for each transaction, making the transaction destination unclear to any observers.
Ring signatures are a method by which the sender cryptographically signs the transaction with their own input as well as 10 other inputs, which gives the sender plausible deniability, as any observer can't be certain which signature the transaction originated from.
