Monero Crypto currency is a coin with enhanced anonymity

The freshly baked Montero crypto currency offers its users an increased level of anonymity, which has recently become a vital necessity. Even if you are not a drug dealer or a terrorist who trades in arms, a certain level of confidentiality in your payments should be present. You do not want any attacker or government agencies to follow your operations and savings? This is a natural desire and in the era of digital technology to make it real easy. As far as the Moneto coin is ready to be kept confidential and how it differs from others, we'll talk about everything later in the article.

Montero Crypto Currency: Features and History

In 2012, a coin called Bytecoin was born. It was good that it offered an innovative protocol CryptoNote, which allows to confuse transactions, due to which information about the sender and recipient of the coins becomes unknown. Crypto currency was interesting to the community, but caused a lot of controversy and scandals - a large number of coins (80%) arose in the course of pre-marketing and this state of affairs suited far from all. That is why it was decided to create a Forkkoin fork with similar functions, but a fairer emission of coins.

This is how in 2014 the Montero crypto currency appeared, which received its name in Esperanto, and by functionality it was practically a copy of Bytecoin. Initially, the coin was called otherwise - BitMonero - borrowing a piece from the main crypto currency, but at some point of development this relationship with bitcoin lost.

From the very start, Monero was interested in the public, in particular, drew attention to her Darknet. It has become a favorite means of calculating in online casinos and more illegitimate formations, which has somewhat dampened the reputation of the new crypto currency. But the shadow on the good name Monero does not bother either the developers or users - they have a reliable and safe means of payment and this is important. Yet nevertheless, as a network of Thor and unclean dealers, Monero should be grateful for the fact that her course began to actively go up. Literally at the time of writing this anonymous crypt reached a new record of its price and came very close to the mark in 200$ for 1 XMR - in terms of capitalization, it ranks 10th in the cryptocurrency rating.

Advantages and disadvantages of Monero's crypto currency

The main advantages of Monero one way or another stem from the use of the CryptoNote protocol and transaction confusion:

• The user remains completely anonymous, it is impossible to establish how many coins he has on his wallet and who / to whom sent money.
• Coins are equally replaceable. Each of the coins has no history, they are all the same and do not carry the trace of previous transactions. For example, if you use bitcoins, then a coin bought for prohibited goods in Darknet will have a trace of this operation in blockhouse. With Monero this does not happen, digital money is absolutely pure.
• Monero does not face the scalability problem, as it was with bitcoin.
• The Crypto currency is protected from mining by the asiks, which will prevent a monopoly on production.

At the same time, Monero is not without its drawbacks, which often become the subject of criticism of the cryptocurrency. First of all, the statement is put forward that the anonymity of the system is not absolute. This is really so - if a large amount of capacity (from 51%) is concentrated in the hands of one or a group of users, then it is quite possible to declassify certain transactions or part of them.

Also a significant drawback of Monero in a large transaction volume. In order to ensure the "entanglement" of an operation, much more space is required than sending coins to other systems - an anonymous transaction is 8 times larger than a similar operation with bitcoins. Despite these shortcomings, Monero enjoys steady demand from the public and even entered the top capitalization.

Monero Mining

Launched Monero without preemining or selling tokens and currently the main production of coins is being conducted, which will be completed when reaching 18,4 million XMR. It is expected that the main stage of production will be completed in 2022 year. After that Mining will not end - to maintain the system by miners, the generation of coins will continue, but the block reward will sharply drop to 0,6 XMR - such blocks will be generated every 2 minutes.

How to run Monero? Any interested person can earn on extraction of anonymous coin, thus it is not required to spend the mad money for purchase ASIC-miners. An important difference Monero from other digital money is that it has a so-called protection from asik-mining. This does not mean that it is impossible to create a device that will focus exclusively on the extraction of a coin - simply its cost will be incommensurable with costs, and in the absence of economic benefit, the use of such an aphika will be simply meaningless. This was done deliberately, in order to prevent the accumulation of large hasheds in one hand and maintain the complete decentralization of the system. Well, for miners on processors and video cards this is a great advantage, which promises a profit.

Mining Monero on the video card

Extraction of Monero on GPU is more efficient than the processor. As expected, it is advised to mine coins on video cards that are the most popular and famous in the cryptocurrency world - AMD and Nvidia. At the same time, there are versions that AMD video processors cope with this task much more efficiently, while Nvidia requires additional settings, which will be beyond the power of beginners.

Mining Monero on the processor

Mining of Monero on CPU is also in demand due to the fact that it spends much less electricity than production on the video card. To generate coins, you can use both Linux and Windows, but the software for each OS will need to download its own.

Speaking about the extraction of coins on the processor, it is worth remembering that it is Monero that most often appears in scandals with black mining, when various viruses and scripts extract the crypt directly through browsers of unknowing users.

Monero-wallet for storing crypto currency

Regardless of whether you gathered Monero on the processor or video card, and maybe you decided to invest in this crypto currency, in any case you can not do without the client. Of course, a crypto-exchange exchange that supports Monero can also be used to store coins, but in no case should you trust the exchange of large sums and store the entire "stock", focused on long-term. If you need a reliable storage, then you can not do without Monero wallet.

Customer anonymous crypto currency it may seem to you quite uncomfortable at work, but you just need to get used to it - after a while you will feel like a fish in the water. Download the version of the program for your OS you can on GitHub. Here, any user with the necessary technical knowledge can study the source code, which is in the public domain.

Monero Course

The XMR Crypto currency shows solid growth, and it is possible to trace the clear relationship between the positive news about Monero and the changes in the course. In May 2014, when the coin entered the exchange its price was 2,47$ for 1 XMR and for a long time did not pay any attention to the crypto currency, its rate gradually fell and during the 2-x years it was steadily lower than one dollar for a coin. Summer 2016 year was for Monero the key point of growth, after which the active interest in the crypto currency began, and its price went up. This trend continues to this day.

Course Monero to the ruble

Do you want to exchange Monero for rubles and are looking for an exchange for this? This is useless - you cannot make such an exchange directly, because all sites that work with rubles do not exchange in this direction. If you want to convert Monero to rubles, then you need to make a couple of exchanges: first, change XMR for bitcoins or dollars. Nevertheless, you can find on the Internet the ratio of the cryptocurrency to the Russian ruble - according to the data at the time of this writing, it is 1 XMR = 10584 rubles.

Rate Monero to dollar

By the end of November, 2017, Monero confidently approached the mark of 200 $ for 1 coin. And although the course is constantly fluctuating in different directions, it should be noted that at a distance you can see confident and stable growth of cryptocurrency. Obviously, this is not the limit of the price and in the future we can expect new records. Nevertheless, for the purchase of a coin as a long-term investment, it is worth waiting for the course correction, which will certainly follow after such a confident jump.  

Where can I exchange Monero for dollars? Such operations can be carried out on the largest exchanges, which support operations with the US national currency. In particular, they are ideal for such convertations Bitfinex, Kraken, Exmo or Livecoin.

Crypto currency Monero - forecast for the future

Digital money with increased levels of anonymity has recently become increasingly popular. This is explained by the fact that most crypto currencies proved to be even more dangerous in practice than fiat money, giving out their users red-handed. Even if you conduct quite innocuous operations and do not buy or sell something forbidden - this is not an excuse to shine your accounts and merge into the global network data about what is happening in your wallet. Elementary security against fraud and intruders of all kinds requires us to keep our payments confidential, and that is why the future lies behind anonymous payment systems.

Unequivocally, that in this future there is a place for such a crypto currency as Monero and if no revolutionary super-coin coin is invented, the entire family of conditionally confidential crypto-currencies will receive proper attention from users. In any case, Monero should be regarded as an investment tool, because it is an interesting crypto currency, which is constantly being improved and supported by a strong development team. Obtain, buy and store an anonymous coin in a safe place, because it can well bring profit to its owners.