Monero is an open source POW cryptocurrency using the RandomX algorithm released in November 2019. Launched in 2014 and initially called BitMonero, its main areas are privacy and decentralization. Monero was originally forked from Bytecoin, the first virtual currency to use Cryptonote technology and the CryptoNight algorithm. Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination , increasing the whole definition of privacy and security.
This data was last updated 2020-10-28 05:33:40 UTC