Monero
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Here's a list to help explain Monero if you're coming from Bitcoin and aren't sure what its attributes are.
Fresh Codebase Unlike many cryptocurrencies, Monero was written from the ground up to prioritize privacy and anonymity, avoiding the pitfalls of being just another Bitcoin clone.
No Premine: Monero did not have a pre-mine or instant mine, promoting a fair launch where coins were distributed equitably from day one.
Layer One Privacy: Monero integrates privacy at the protocal layer, meaning all transactions are private by default, not merely an opt-in feature or dependent upon a second layer.
Fungibility: All Monero coins are indistinguishable from one another, ensuring true fungibility. This means you don't have to worry about the "taint" from previous transactions, as each coin carries no history.
Confidential Amounts: Transaction amounts are obfuscated to thwart tracing by amount.
Dynamic Blocksize: Transaction volume is not restriced by an arbitrary cap, ensuring your transactions are processed quickly and inexpensively.
User Experience: Monero offers an intuitive user experience where privacy features are automatic, requiring no extra configurations or knowledge.
Wide Acceptance: It's accepted by many online vendors due to its privacy and fungibility, offering users a practical option for transactions where privacy is paramount.
Cost-Effective Transactions: Monero's transaction fees are typically lower than many alternatives, making it appealing for users mindful of costs.
Stealth Addresses: Monero employs stealth addresses to cloak the transaction's destination, ensuring that the receiver's wallet address remains private.
Ring Signatures: Each Monero transaction is obscured within a group of others, making it nearly impossible to trace the true source or destination of funds. Because this is a weak point in Monero's default privacy, this is being improved to include every transaction that has ever occurred rather than just hiding in a crowd of 16.
ASIC-Resistant PoW: By using Cryptonight, Monero's Proof of Work is designed to be resistant to ASICs, encouraging mining with general-purpose hardware and supporting decentralization.
Open-Source Development: Monero benefits from over 240 developer contributions, funded by community donations, ensuring transparency and community involvement.
Future-Proof Privacy: Monero's development roadmap includes enhancements for quantum resistance to stay ahead of potential future threats to privacy.
Network Anonymity: Monero’s Dandelion++ protocol obscures transaction origins by routing them through randomized network paths (stem phase) before public broadcasting (fluff phase), thwarting attempts to trace activity via network-level surveillance.
High Security Encryption: Monero uses the Ed25519 elliptic curve, providing robust protection against theft with cutting-edge cryptography.
Store of Value: While not as widely recognized for its value retention as Bitcoin, Monero's focus on privacy means users gain genuine utility rather than speculative value.
I probably had my toddler screaming in the background as I wrote this.
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