WHAT IS MONERO (XMR)? | AN IN-DEPTH GUIDE TO THE PRIVACY COIN

AARON MANGAL

What is Monero?

Monero, a fork of Bytecoin, is a secure, private, and untraceable currency, built on the Cryptonote protocol using Ring Signatures. Proof of Work mechanism called CryptoNight issues new coins which incentivize miners to secure the network and validate transactions. Originally launched in April 2014 as BitMonero, Monero (symbol XMR), means money in Esperanto.