Maybe it’s late for me to get start to know monero. But I just meet monero yesterday. I heard bitcoin in many years before, but I never want to learn about it. I think the conception is hard to understand. But we all know that bitcoin becomes more and more popular. As far as I know, Monero is another kind of bitcoin.
The best way to learn something is you start to have a try. So here I am.
Introduction
Here’s the official introduction about Monero:
Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.
Monero is secure
Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe.
Monero is private
Monero uses ring signatures, ring confidential transactions, and stealth address to obfuscate the origins, amounts, and destinations of all transactions. Monero provides all the benefits of a decentrallized cryptocurrency, without any of the typical privacy concessions.
Monero is untraceable
Sending and receiving addresses as well as transacted amounts are obfuscated by default. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.
Monero is fungible
Monero is fungible because it is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.
