Could Monero Become Bitcoin’s Anonymizing ‘Appcoin’?
Monero’s stratospheric rise in value, darknet market acceptance and positive outlook mean this year could see it become Bitcoin’s de facto ‘appcoin.’ Bitcoin and ‘Giving Away Information’. The altcoin, which has shot from $0.50 to $12 per coin since January 2016, boasts privacy and anonymity features, which are gaining a steady stream of well-known fans. “If I pay my rent in Bitcoin, it wouldn’t be that hard for the landlord to figure out how much money I earned if I don’t take extra precautions,” cryptocurrency consultant Peter Todd told Wired. Then they can decide whose rent to increase.....
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Monero has ranked among the top altcoins since its release in April, even earning its own market as a trading pair on the altcoin exchange Poloniex. However, the Monero price has been in decline for the past several months. CCN examines this altcoin price movement to help investors make wise trading decisions. Also Read: Monero Market Added To Poloniex Cryptocurrency Exchange. Monero Price Trending Downwards. The Monero price has been in decline for several months, and the fall continued during the past week. On October 24, the Monero price was 212,653 satoshis. Over the next two days, the....
Many people are drawn to Bitcoin and virtual currencies for the illusion of being able to move funds around in an anonymous way. However, with the blockchain acting as a transparent ledger, there is no such thing as anonymity in the Bitcoin space. Unless Bitcoin users actively use mixing and anonymizing services, that is. But do these services harm Bitcoin’s public image, or are they beneficial to the ecosystem? Bitcoin Mixers and Anonymizing Services: Even More PR Problems. The transparency associated with Bitcoin and other virtual currencies is something companies are more than happy to....
“We believe Monero is by far the best cryptocurrency at the moment to buy/sell anonymously,” an unknown rep of Monero Market told CCN before the Monero-focused dakrnet marketplace went offline today. The representative added: Bitcoin is not anonymous anymore. There has been lot’s of article of buyers/sellers being busted recently and this is just the tip of the iceberg. We believe in Monero and we do believe our market will grow in the next months as more and more people will get busted using Bitcoin. Monero Market was the first darknet marketplace to solely use Monero, a crypto-currency....
According to a recent update on Monero’s Github repository, the privacy-centric crypto network plans to hard fork in July, at block height 2,668,888. Monero is the largest privacy crypto asset in terms of market capitalization and during the last seven days, monero climbed 13.4% against the U.S. dollar.
Monero Aims to Upgrade in July
The development team behind the Monero (XMR) project has plans to upgrade the blockchain at some point in July, according to the Github-hosted version 15 “Network Upgrade Checklist #690.” Monero is an open-source distributed....
Monero (XMR) has been one of the main privacy technologies in the crypto space for many years now. Unlike what many think, Bitcoin is actually easy to track if a user connects their account to an exchange. But even Monero may be susceptible to tracing, according to a recent press release from CipherTrace. Related Reading: […]