What is Monero??
Monero (XMR) is a privacy-focused cryptocurrency released in 2014. It is an open-source protocol based on RandomX formerly CryptoNote. It uses an obfuscated public ledger, meaning anyone can send or broadcast transactions, but no outside observer can tell the source, amount, or destination.A proof of work mechanism is used to issue new coins and incentivize miners to secure the network and validate transactions.
Monero uses different privacy-enhancing technologies to achieve anonymity and fungibility. It has attracted users desiring privacy measures that are not provided in more popular cryptocurrencies. However, it has also gained publicity for illicit use in darknet markets.
Target: 0.00498
Buy:0.0040
SL: 0.0037