Monero on the Market arrow_forward
Monero (XMR) is a blockchain-based, payment protocol with an extra focus on privacy. Monero is designed to be private and virtually untraceable, providing users who transact using the cryptocurrency an added layer of anonymity. Unlike other cryptocurrencies based on Bitcoin’s protocol, Monero is based on the Crypto Night proof-of-work hash algorithm. Monero’s public ledger still keeps track of transactions, but offers ‘stealth addresses’ for each transaction making it impossible for anyone outside of the sender and receiver to see the actual destination address. It’s anonymous design has made it the preferred cryptocurrency of cyber criminals, and is the most commonly seen cryptocurrency in cryptojacking cases.