Monero is a type of decentralized digital currency that may be used without any third party. It’s now in the top-20 popular cryptocurrency in the world. Let's see what differs Monero from all the other types of digital currency.
The story of Monero starts in 2012 when the first cryptocurrency based on CryptoNote technology appeared. It was Bytecoin. What makes it so special? CryptoNote ensures privacy of all the transactions by grouping public keys together. That was a great effort. But it didn't work out, because it turned out that 80% of coins that would never be mined already existed. The next step was inventing Bitmonero or Monero. We don't know names of all of the people who created it. Five of them decided to keep it in secret. Only two developers are known - Riccardo Spagni and David Latapie.
Monero has a number of unquestionable advantages, such as
Monero also have minor flaws, such as - There is small amount of wallets developed for Monero
Let’s say you want to buy Monero. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below:
This is everything you need to know to buy XMR.