#Monero is an open-source #cryptocurrency created in April 2014 that focuses on fungibility, privacy and decentralization. #Monero uses an obfuscated public ledger, meaning anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination. #Monero uses a Proof of Work mechanism to issue new coins and incentivize miners to secure the network and validate transactions. The privacy afforded by #Monero has attracted use by people interested in evading law enforcement during events such as the WannaCry Ransomware Attack, or on the dark web buying illegal substances. Despite this, #Monero is actively encouraged to those seeking financial privacy, since payments and account balances remain entirely hidden, which is not the standard for most #cryptocurrencies.
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