In recent years, cryptocurrencies have shot to favour with many that frequent the internet. This is because they're fast and inexpensive and allow for the transfer of small amounts of money to anywhere in the world, from anywhere in the world. However, due to such rising popularity, this also means that more and more new …
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.