Monero and Firo are two popular cryptocurrencies that both offer privacy features, but they approach privacy and other aspects of the cryptocurrency in different ways. Here are some of the key differences between the two: Read More
Monero (XMR) and Zcash (ZEC) are two popular privacy-focused cryptocurrencies, but they approach privacy in different ways and have distinct features. Read More
Monero is a privacy-focused cryptocurrency that uses a variety of techniques to obscure the details of transactions, making it difficult to track the flow of funds. One of these techniques is bulletproofs, which are a type of cryptographic proof that allows Monero to verify the validity of transactions without revealing the sender, recipient, or amount of the transaction.
The original bulletproofs had a number of limitations, including large proof sizes and high computational overhead. This made them less efficient and less private than desired. Bulletproofs++ were introduced as an improved version of bulletproofs, offering several advantages over the original version.
Ring signatures are a type of digital signature used in cryptography to provide anonymity for the signer of a message or transaction. They are used in Monero to enhance the privacy of transactions by allowing a group of users to sign a message in such a way that it is not possible to determine which member of the group actually signed the message. Read More
Monero transactions are validated using a consensus mechanism called Proof of Work (PoW). PoW is a method of verifying transactions and adding them to the blockchain, where they are recorded and publicly visible. Read More
Like any technology or financial instrument, Monero (XMR) has its advantages and disadvantages. Some of the main disadvantages of Monero include: Read More
The legality of Monero (XMR) depends on the laws and regulations of the specific country or jurisdiction in which it is used. In most countries, Monero is not illegal, but its use may be subject to certain restrictions or regulations. Read More
Monero (XMR) is a privacy-focused cryptocurrency that is often used for illicit activities. However, it is important to note that Monero cannot be used to avoid taxes. Tax laws apply to all forms of income, including cryptocurrency.
In many countries, cryptocurrency is considered a taxable asset and is subject to capital gains tax when sold for a profit. The exact tax implications of cryptocurrency transactions vary by jurisdiction, so it is important to consult a tax professional for guidance on the specific laws in your country. Read More
Monero is a cryptocurrency that stands out due to its strong focus on privacy and anonymity. This privacy-centric approach has sparked debates in various countries about the potential need to ban Monero. But, is it even possible to ban Monero effectively? Let’s explore the challenges and implications of such a move. Read More
Monero (XMR) is a privacy-focused cryptocurrency that uses ring signatures and stealth addresses to hide the sender, receiver, and amount of each transaction. However, you can still see the details of your own Monero transactions if you know where to look.
In this article, we’ll show you how to use each of these methods to see the details of your Monero transactions. Read More