Monero broke to the upside of its descending channel to mark the start of a reversal, with a short-term channel freshly forming.
Monero team member Riccardo Spagni reaffirmed his belief that a so-called ‘layer two’ scaling solution is needed for Bitcoin — stating it is “necessary” for capacity improvements and “maximal privacy.” Lightning Network Strikes Down Ver Claims Spagni’s comment appeared on Twitter in response to fresh assertions from Bitcoin Cash (BCH) proponent Roger Ver that Bitcoin (BTC) users should “move on” to alternative, on-chain scaling options. Wrote Ver: If you think BTC with its full block, high
Atomic wallet, a multi-assets wallet with a decentralized platform with atomic swap support, just announced they will add Monero (XMR) – Bitcoin (BTC) atomic swap support in up to two months. The concept of atomic swap refers to smart contracts that allow one crypto asset to be exchanged with another crypto asset. An atomic swap […]
Monero Price Key Highlights Monero price is still in trading inside its descending channel despite the spike higher. This means that the downtrend is still likely to resume from here, as reflected by technical indicators also. However, the mid-channel area of interest is keeping losses in check and Monero price is testing resistance once more....
FOMO Moments A bounce has happened, altcoins recovering quickest include Monero, Ontology, Ethereum Classic and Decred. As expected some sort of bottom has been reached and a rebound has occurred, whether this has any momentum to reverse the long term bearish trend is anyone’s guess but at the moment it is looking unlikely. After reaching...
Edge is a mobile wallet platform that employs high-end security features to protect users private data. Now, Edge has become the first mobile wallet to add Ripple (XRP) and Monero (XMR). This new addition of Ripple (XRP) and Monero (XMR) on Edge comes as a result of the platform’s devs’ work to innovate, optimize, and […]
Monero has formed lower highs and higher lows to consolidate inside a symmetrical triangle pattern.
Cryptocurrency wallet app Edge today announced its latest release, v1.2.1, which includes support for some new additions including but not limited to new assets, in-app buy/sell with debit...
Edge Wallet new release adds support for Ripple (XRP), Monero (XMR)
All three cryptos have performed well in the past 24 hours, and they may all continue to rise in the next 24 hours as well. Here’s a brief analysis on each of them. Monero (XMR) XMR is currently priced at $127.67 on CoinMarketCap, and it went up by 2.06% in the past 24 hours. Two […]
What is the Monero?
Created in 2014, Monero (which means “piece” in Esperanto) does not rely on Bitcoin code but on cryptonote technology. It is safer, ensures anonymity to its users. The amount of transactions is also impossible to see from the outside. Above all is scalable, which ensures that it can support the expected increase in the volume of transactions in the years to come.
The algorithm that manages Monero mining is also described as superior to that of Bitcoin by number of users. Since it allows individuals to mine without problems. Monero relies heavily on the community that supports it.