Monero (XMR) - cryptocurrency review
Monero (XMR) - cryptocurrency review

Monero (XMR)

Rank: #17

Our Review
4
Real-world utility
10
Market Cap
6
Investability
decrptd review 6.7 / 10
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Monero Review

Monero is one of the more established coins, having been around since 2014. Monero is fighting a fierce battle with coins like Darkcoin, AnonCoin, and…

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Monero (XMR) – cryptocurrency review


Monero is one of the more established coins, having been around since 2014. Monero is fighting a fierce battle with coins like Darkcoin, AnonCoin, and LibertyCoin and others to dominate the ‘privacy-centric’ realm of cryptocurrencies.

It uses a technology known as ring signatures to obfuscate the amounts, origins, and destinations of all transactions. This means the addresses of senders and receivers is anonymised by default. This makes it distinctly different from most other cryptocurrencies.

Unsurprisingly, given the design intent to hide transaction details, Monero is widely reported to be heavily used by buyers and sellers on the Dark Web. The drugs trade has also been mentioned. Investability in Monero will likely depend on market appetite for serious privacy as well as merchant support.

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