? What is Monero Monero
Monero is an open-source encrypted currency based primarily on user privacy and scalability. It was released in April 2014 and is gaining popularity now because of the innovative way in which the treatment of plucin is treated. Is one of the most popular encrypted digital currencies currently.
Monero is one of the encrypted digital currencies that did not rely on source code to create the source code, but its own source code was developed using Blocsin technology with already achievable blocks and blocks.
? What is the protocol used by Monero
Monero uses a new and exciting protocol technology called CryptoNote. CryptoNote Whitepaper was released in the fall of 2013 and focuses primarily on transaction privacy. Transactions are processed in the Monero through the use of sophisticated encoder signatures, which obscure the origin and size of the transferred value by blending them in other transactions. This ensures that purchases, receipts and other transfers remain anonymous. As a result, it is highly unlikely that the transaction is tied to a particular user.
It is not possible to search for the balance of the account using the Monroe Wallet title on Blocchin, as is the case with Bitquin. When a transaction is made, the one-time address is derived from the
Monroe Wallet address and funds are sent to that address. As shown below
The Monroe address owner can control all his addresses once in a later time.
"Secret Transaction" feature
The Monero codebase was updated by the Monero Research Lab to include a new feature called "Confidential Transactions" that completely obscures the sender's identity. The Monroe team used the code written by Gregory Maxwell for the Elements sidechain project and modified the use of loop signatures. This makes Monroe one of the most discriminating currencies for the privacy of its users. It should be noted that the feature of confidential transactions operates at the level of the Monroe protocol, and not managed by users means that once you use the monomer, your identity will be automatically hidden.
The technical structure of Monero
The average time of blocking between two blocks is two minutes. Mining will produce around 18.4 million Monroe in the first eight years and after that, inflation will emit less than 1% annually to cover the cost of minerals.
Monroe is characterized by a dynamic block size that is derived from the average of previous blocks. Once a transaction has occurred, the block size will be automatically adjusted to include all transactions in blocks within a reasonable time frame.
Conservative that supports Monero.
MyMonero offers a web-based portfolio that allows users to store and send Monroe without having to use portfolio applications. Just make sure you save your secret sentence before sending money to your wallet. MyMonero's portfolio offers basic features such as account overview, sending and receiving money and comes with an easy-to-use interface.
There are many Monerio wallets currently available, and a Jaxx mobile portfolio is being developed, as well as desktop wallets that are installed on a personal computer such as Exodus.
Currently Monroe is trading in the following platforms: Poloniex, Bittrex, Shapeshift and BitMex.
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