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What is Monero?

Monero an open source based cryptocurrency created in the middle of 2014, Monero primarily focuses on scalability, privacy and decentralization. Not like any other cryptocurrency exist in the ecosystem, Monero are one of the derivatives of the commonly known cryptocurrency in the ecosystem Bitcoin.

Monero is a CryptoNote protocol based system that has algorithmic differences in relation to the blockchain obfuscation.

Like any other cryptocurrency that operates globally, Monero is also designed to be secure, untraceable currency and the most important it is private. This system is open to all, with this system, user will have the capability to own their own bank, meaning you have full control with everything you have from accounts and transactions are anonymous.

With Monero, hackers have no chances of stealing your wallet funds, there was no reported incident regarding account hacking with the system, except for human information leakages that causes and open door for hackers to get in with the wallet of the user.