Entity: XMR
Monero (XMR) is a privacy-oriented cryptocurrency known for its secure, private, untraceable, and decentralized nature. It was launched in 2014 and is based on the CryptoNote v2 protocol. Monero's privacy features have made it popular for those seeking anonymity in their transactions.
XMR
Etymology
The abbreviation XMR stands for Monero.
Definition
Monero (XMR) is a blockchain-based cryptocurrency that is private, untraceable, fungible, and decentralized. It was launched in 2014 and is known for its emphasis on privacy and security.
Historical Context
Monero is based on the CryptoNote v2 protocol, which was described in a 2013 white paper by Nicolas van Saberhagen. Since its launch, Monero has gained popularity for its privacy features.
Cultural Significance
Monero's privacy features have made it a popular choice for individuals seeking anonymity in their transactions. It has also been associated with illegal activities due to its untraceable nature.
Related Concepts
Monero is often compared to other cryptocurrencies like Bitcoin, but it stands out for its strong focus on privacy and security.
See Also
A privacy-oriented cryptocurrency known for its secure, private, untraceable, and decentralized nature.