What is Monero?
Monero ( XMR ) is an open-source cryptocurrency created in April 2014 that focuses on privacy , decentralization , and scalability that runs on Windows, MacOS , Linux, Android, and FreeBSD Unlike many cryptocurrencies that are derivatives of Bitcoin, Monero is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchain obfuscation .By providing a high level of privacy, Monero is fungible , meaning that every unit of the currency can be substituted by another unit. These units are indistinguishable from one another. This makes Monero different from public-ledger cryptocurrencies like Bitcoin , where addresses previously associated with undesired activity can be blacklisted and refused by network members. In particular, the ring signatures mix spender's address with a group of others, making it exponentially more difficult to establish a link b...