Do you know what Monero is? You may be wondering exactly what this innovative new form of cryptocurrency is. The short answer is yes, you’re in the right place, so let’s get started.
Monero is a new form of digital currency that’s created by experts at the Internet Research Agency, a Chinese anonymous online source that specializes in helping individuals use the Internet for illegal purposes. However, the site doesn’t just focus on illicit activities, it’s designed to help ordinary users too. Monero is a smart way to use the Internet to manage your money, protect your identity and privacy and conduct your business in a private and safe environment.
Monero is an open source project, meaning that anyone can read and implement changes. This fact has earned the currency its reputation as being “open”scalable”. This means that your exposure to new changes will be limited, meaning you will see no problems when the changes hit the mainstream. Monero is a currency of choice in dark net markets, thanks to its extreme anonymity.
The bad thing about this reputation is that it also comes with some very good thing. For instance, Monero, the currency, has been around for quite some time now and in this long run it’s been very effective at taking over the world’s dark net marketplaces. People are always looking for other ways to protect their identity and their money from the prying eyes of the law.
Cryptocurrency, including Monero, has also proven to be very effective at these same tasks. In fact, many have already made a lot of money this way by trading using Monero. I’m sure you know someone who made money, but for many this is their first experience with cryptocurrency and what has already proven to be a money making machine.
By this time, it’s probably obvious that this currency can be used for money laundering, buy and sell of drugs, theft of funds, financial fraud, and hacking. So there is definitely a lot of potential. Monero isn’t so much a currency as it is a new concept for the internet. There are several layers of obfuscation when trying to make money with Monero, but this has forced the currency to become more transparent than ever before.
Overall, Monero is one of the most interesting new currencies out there and it’s only going to become more so as time goes on. Whether you use Monero for criminal or legitimate reasons, you will be glad you did.