New asset in MARATHON 2.0 - Monero ($XMR)!
Monero is a fully anonymous blockchain. All transactions and wallet balances are hidden, and anonymity is achieved by creating one-time wallets and concealing the final address.
The amounts of transfers are visible only to the sender and recipient, but there is an option to provide keys to third parties. The security of the wallets themselves is ensured by a multilingual seed phrase system.
Ring signatures are also created to enhance anonymity - they are formed from the keys of the sender and keys open on the network. Because of this, it is impossible to determine who signed the transaction.
💡 Notably, most developers still hide their identity. It’s not surprising - how many legal cases regarding money laundering are still under investigation.
Blocks in the network are dynamic, which ensures quick confirmation, even despite spam attacks. Moreover, there are low transfer fees. The Proof-of-Work (PoW) algorithm and low power requirements for processing blocks are advantages for the transaction. It is fully confirmed in 20 minutes, and the recipient will see it immediately after initiation.
But we are not workers, we are investors, so I will explain why it is profitable for us to buy this coin. 👇🏻
Among the downsides, anonymity stands out very easily, because the project is often used for money laundering, which is why many exchanges delist (remove from trading) the coin under SEC directives. But the project has existed for more than 10 years, and demand does not decrease.
💭 I bet on overall demand and its increase. As soon as Trump fully starts his activities, the hands of crypto investors will be somewhat freed, which means the volumes of the entire market can grow exponentially. This will also affect Monero. Let’s continue the analysis!