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MONERO (XMR): Decentralized open source, cryptocurrency focused on security and privacy
| type: | currency |
| Created date: | June 2, 2014 |
| Development stage: | Full release |
| Current supply: | 15,676,261.1 |
| Total supply: | Not applicable |
| algorithm: | CryptoNight |
| Proof type: | Proof of work |
| Block target: | 60 seconds |
Coin Payments can be provided Monero payment processing To merchants who are trying to accept, save, convert and send Monero.To be Monero payment processor CoinPayments needs to keep all the latest feature additions, code, and development updates up to date in order to provide a secure connection with the Monero blockchain.
Monero is an open source project focused on improving privacy through secure, private and untraceable transactions. By default, Monero uses encryption to protect transaction volume and outbound and inbound addresses. Due to these privacy-focused features, Monero units cannot be blacklisted due to previous transaction activity, making Monero a completely alternative cryptocurrency.
Not having to rely on centralized permissions for transaction privacy is a great benefit for many companies looking for a secure way to conduct transactions without the transparency of traditional blockchain technology.
Here is a simple video explaining Monero:
Monero website | Monero Block Explorer | Bitcoin Talk Monero
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