It is a virtual currency in which payment information is anonymized so that it cannot be revealed to third parties.
It uses a digital signature technology called "ring signature," which makes transaction information untraceable to third parties.
The high anonymity of ring signatures has led to concerns about their misuse in criminal activities, such as on the dark web where illegal transactions are conducted.
In addition to the fact that the transaction history cannot be traced using ring signatures and stealth address technology, the transaction details cannot be viewed by third parties, thus making the transaction anonymous.
Since there is no limit to the block size, it is possible to process a large number of transactions at once and is extremely fast.
It is possible to mine from any PC, and the algorithm called Crypro Night is not ASIC-compatible, so anyone can easily perform CPU mining using a regular PC.
The development community is very strong, with more than 500 engineers including 30 core engineers.
In the case of ring signatures, multiple transactions are signed together with a private key (if there are five senders, they are signed together with five private keys), so it is impossible to track the transaction information of each individual.
When sending money through Monero, the recipient generates a one-time address and a special key for the transfer. The one-time address is not linked to the recipient's public address, and the recipient's address cannot be identified from the one-time address.
The one-time address is not linked to the recipient's public address.
Official website : https://getmonero.org
Twitter : https://twitter.com/monero
Github : https://github.com/monero-project/monero
