Hello Hive Fam!
What is Monero, how does it work, why is it considered a privacy coin and what about it makes it more private than other cryptocurrencies?
In this video, I give a high-level overview of how Monero works by explaining their Ring Confidential transactions and Stealth Addresses.
Monero was founded in 2014 and is also completely open-source and decentralized.
My favorite way to store, send, receive, and exchange Monero is through Cake Wallet. 🍰
I hope you guys enjoy this high-level overview! I've been having a lot of fun learning more about Monero lately. I think Monero gets a lot of respect in the crypto industry for their commitment to privacy - not to mention that they've stayed fully decentralized.
Have a great day my friends! ♥️