Monero (XMR) is a privacy-focused cryptocurrency launched in April 2014, employing technologies like ring signatures and stealth addresses to ensure transaction anonymity. It seeks to provide users the benefits of cash-like anonymity, ensuring that transaction details remain confidential. As of December 2017, Monero was ranked 9th in market value, demonstrating a substantial increase in worth over the preceding year.

1. Monero (XMR) is a cryptocurrency which created in April
2014 with a focus on privacy and untraceability. Monero
uses ring signatures, stealth addresses, and ring
confidential transactions to hide the transaction’s sender,
receiver, and amount.

2. Monero’s mission is digital currency that has the anonymity
of cash, and it’s private by default. When you use Monero
to purchase something, the recipient doesn’t need to know
who you are or where you received the money.

3. Here are some examples from Monero’s website of why ordinary
citizens should value privacy:
knows exactly how much money you have
how much money your business has
information advantage of knowing how much you spend and
where you spend it

4. Stealth addresses solve a lot of the problems of traceability and
anonymity, but one major challenge remains. Since the person who
sent you the Monero in the first place knows about the stealth address
(since they created it), they’ll be able to tell when you spend those
funds on something else. We need a way to disguise the transactions
you send.

5. Ring Confidential Transactions (Ring CT) are an expansion
of ring signatures for Monero. Shen Noether originally
proposed the idea for Ring CT in a 2015 white paper as a
way to hide the amounts in each transaction.

6. As of December 2017, Monero is the 9th most valuable
cryptocurrency in the world by market cap. Over the past
year, between December 2016 and December 2017,
Monero has seen a 37x increase in valuation.

7. Monero is committed to being community-driven and focusing on
the needs of its user base. Monero’s code is open source, and
the Monero developers did not receive a premine, instantmine, or
any portion of the block reward. To date, the Monero source code
has received contributions from 295 developers around the world.

8. Contact Us
draglet GmbH
Leonrodstr. 68
80636 Munich
Germany
Enquiries
E-Mailinfo@draglet.com
Phone+49 89 235 168 07