WHAT IS MONERO(XMR)?
Monero(XMR) is a privacy and security-focused cryptocurrency with fast and reliable transaction times based on adaptive block size. It is a cryptocurrency, like Bitcoin and Ethereum.Monero is different in many aspects, mostly in the blockchain obfuscation algorithm and also they use CryptoNote protocol.
Monero was launched by an unknown developer who went by the name thankful_for_today on 18 April 2014. The market capitalization went up to USD 185 million In 2016. Although the original developer left the scenario, the currency gained popularity due to its privacy, decentralization, and scalability only because the core team worked hard for its sake.
HOW DOES MONERO(XMR) WORK?
Unlike other world currency which is a token of wealth kept with the issuing authority or the government of the country, Cryptocurrencies are different in a way that no single entity can issue or affect their value or their source.To make a payment, you need to send the transaction command (including the amount of Monero and wallet address of the receiver) which goes directly on a ‘block’ to the ‘miner’ who usually approves the transaction and keeps a tab. The amount of Monero is then added to the Monero balance of the receiver and deducted from your digital wallet.While receiving Monero money, the process is simply inverted.
HOW TO BUY MONERO (XMR)?
Monero is available for Bitcoin through five primary exchange service like Shapeshift, Poloniex, Bittrex, Bitfinex, and Bitsquare.Bitfinex can be used for purchasing Monero with USD. Also, you can buy Monero directly with fiat currencies EUR, GBP, USD, CAD, and CNY at Monero Direct.For a sudden Monero purchase, you can more rapidly purchase some Bitcoin first and then instantly convert your Bitcoin to Monero either using a BTC/XMR exchange service or a simpler service which does not require you to register.
MONERO(XMR) PRICE PREDICTION 2018
XMR can be a profitable investment option. Monero price equal to 228.248 USD at 2018-02-08. If you buy Monero for 100 dollars today, you will get a total of 0.438 XMR. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-02 is 1910.770 US Dollars. With a 5-year investment, the revenue is expected to be around +737.15%. Your current $100 investment may be up to $837.15 in 2022.Monero(XMR) price today is $228.38 and have the current supply of 15,696,752 XMR. The market cap value is $3,584,777,193, and the volume is marked as $69,463,400.Monero price prediction, Monero price forecast, XMR price and news, XMR price forecast, XMR price prediction 2018, What is the price of Monero 2018.