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As we get more involved in our lives, we encounter new alternatives. One of the curiosities is Monero, which is a currency that shines a star and is often heard in my ear. We know what Monero is, what is not, what we all know together, and we get to know this interesting crypt money together. Because it has certain characteristics that make him become curious and allow him to be accepted differently, and with these features Monero has a rising graph.
Let's go straight to the details without extending the promise and start with the question of Monero Nedir. If we look briefly, certain definitions tell us in general what Monero is. Monero is a secret money value that can not be followed and is therefore regarded as safe. It has been developed as open source and access to the source code of the project is extremely easy and possible. On the other hand, with Monero everybody can transfer money anonymously in daily life.
It is a real transaction, real people, and anonymous transfer of money Yes, we speak of Monero. This is the process, and money transfer with Monero comes as a great convenience. Money transfers in currencies like Bitcoin and Ethereum can be followed, but it is not possible to follow Monet transfers that have been passed on as a response and it has emerged as a good alternative. At the same time, the wallet can not be viewed by third parties.
In this case, those who do not want to be the targets of the bad people, those who want their transactions or their wallets to remain anonymous prefer Monero. In short, it is possible to explain this crypto currency in this way and it is not enough to fully understand this value, which has considerable differences.
Now let's get to know Monero money a bit more closely. Let's first look at the name of this currency and let's start with some interesting information about Monero. The name Monero comes from Esperanto, an artificial language. Monero is a coined word, continues to be anonymous with the intense effort of developers. This team has an important vision so they are making efforts on this issue.
Monero developers, who think that everyone has the right to keep their wealth and to keep this knowledge to themselves, says that is the most important feature of money. When it comes to mining Monero, it turns out to be confusing and in fact it can be verified.
So we understand that with the multitude of miners, Monero will be far from the center. This is a desirable feature Both the graphics card and the processors can be easily mined in this currency can be done in today's 9 different markets are traded.
It is also important to remember that it is an investment instrument for the future. It is important that Monero is a crypto value that is literally safe, untraceable and carries special attributes. It also uses a proprietary encryption system to keep these features in place and is different from that.
As soon as you get down to the bases, CryptoNote, creator of Monero, comes out. CryptoNote, a layer protocol which is not centralized and feeds various money values, came out with Bytecoin. The bifurcation in the block chain, Hard Fork, would reveal the new value of Bitmonero. By the time Bitmonero took the name Monero. We talked about the sensitivities and goals of the developer group, but today we do not know details like who this team is.
Although 7 different names are mentioned, only 2 of them have explained the name. You will be responsible for your money, and you will not be bound to various centers. Therefore, no one but you can get the information that you spend your money.
This is one of the most important features of Monero. Along with the importance given to privacy, suitability is one of the most popular aspects.
This feature, called Investopedia, is a bit interesting. That is to say, with the settlement, my mind does not get TL. There is a slightly different logic here. For example, you can not borrow your friend's luxury car and replace it with an old car. Because the car you gave is an old, used kind of stain.
Crypto money, such as Bitcoin, may be tainted with causes such as being used in an illegal process because the trace can be traced and its value may fall.
In this case, the concept of clean money, dirty money comes out. However, the fact that the track can not be traced in Monero removes this concept and can be changed literally. This process, called swapping or replacement, can be carried out seamlessly in Monero, which is a very important feature. Bitcoin is a problem in this sense. Bitcoin has been introduced with a block size limit of 1MB.
This limitation has been introduced with the intent to block spam transactions. Monero does not have a predetermined threshold. Certain precautions have been taken as this situation brings with it various problems. Since the malicious miners could clog the system with oversized blocks, the concept of block punishment emerged. The median size of the last blocks called M is considered in Monero.
Certain punishments can be applied accordingly. CryptoNote, which gives this property to Monero, has a special algorithm, which is different from Monero, Bitcoin. The algorithm called CryptoNight needs 2MB of memory. You have to admit that this feature is confusing. Things are not that simple in Monero. The keys are sorted in two different groups.
One public view key and one private view key come up in anticipation. The main purpose of the overview keys is to create a one-time address that will securely send funds to the buyer. As for the custom look keys, they are used to search for block-chains with the purpose of finding the funds sent by the recipient. This can be explained in general terms. But ultimately it can be interpreted that Monero is a reliable and highly confidential currency.
If we look at the day-to-day seyrine of this value that attracts investors' attention even more and more, we can understand that. So we need to point out that it is an investment vehicle that we follow with great curiosity. I like your work dear You and analyst salahuddin are two top analysts of cryptoworld. Now let's get to know Monero money a bit more closely Important information about Monero Let's first look at the name of this currency and let's start with some interesting information about Monero.
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