From Wikipedia:

Monero [XMR] is a brand new uprising cryptocurrency which originates from Bitmonero.

Being the fork of Bytecoin, Monero (XMR) is an anonymous and decentralized cryptocurrency with CryptoNight (64-bit CPU-only) PoW hash algorithm and based on CryptoNote protocol.

Unlike most of the digital coins, Monero uses a special technology called “ring signatures” which shuffles users’ public keys in order to eliminate the possibility to identify a particular user.


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