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bitcoin node While privacy fuels the rapid adoption of Monero, it also brings with it several challenges. For instance, the non-traceability and privacy features allow them to be used for disreputable purposes and at questionable marketplaces, including those like drugs and gambling. This is one of the reasons why markets that were popular on the dark web, like AlphaBay and Oasis, showed increased use of Monero before they were shut down.5 What is Monero (XMR)?
What you need to know
Monero is the leading cryptocurrency with a focus on private and censorship-resistant transactions.
Most existing cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains, meaning that transactions are openly verifiable and traceable by anyone in the world. Furthermore, sending and receiving addresses for these transactions may potentially be linkable to a person's real-world identity.
Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts.
Encrypted lock
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Monero transactions are confidential and untraceable.
Every Monero transaction, by default, obfuscates sending and receiving addresses as well as transacted amounts. This always-on privacy means that every Monero user's activity enhances the privacy of all other users, unlike selectively transparent cryptocurrencies (e.g. Zcash).
Monero is fungible. By virtue of obfuscation, Monero cannot become tainted through participation in previous transactions. This means Monero will always be accepted without the risk of censorship.
Monero is a grassroots community attracting the world's best cryptocurrency researchers and engineering talent.
Over 500 developers have contributed to the Monero project, including 30 core developers. Forums and chat channels are welcoming and active.
Monero's Research Lab, Core Development Team and Community Developers are constantly pushing the frontier of what is possible with cryptocurrency privacy and security.
Academic growth
Electronic cash
Monero is electronic cash that allows fast, inexpensive payments to and from anywhere in the world.
There are no multi-day holding periods and no risk of fraudulent chargebacks. It is safe from ‘capital controls’ - these are measures that restrict the flow of traditional currencies, sometimes to an extreme degree, in countries experiencing economic instability.
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