Monero

xmr

Monero is a private, decentralized cryptocurrency (XMR) focused on providing financial confidentiality and security for its users. As a leading Layer 1 (L1) blockchain, it ensures transactions are untraceable and confidential by default, a core differentiator from many other digital assets. Monero achieves this through innovative privacy technologies like RingCT, Stealth Addresses, and Ring Signatures, ensuring the sender, receiver, and amount of every transaction are hidden. It operates on a Proof of Work (PoW) consensus mechanism, utilizing RandomX to maintain ASIC-resistance and promote decentralized mining. The XMR token functions as a fungible digital currency, enabling private and low-fee exchanges for goods, services, and other currencies. Monero's development is community-driven, supported by its dedicated Monero Research Lab, aligning with its inclusion in the Galaxy Digital Portfolio.

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