Tuesday, 2 April 2019

Monero Core Wallet: the key to an anonymous online transaction


There are features that best represent Monero which are: decentralized, Private and Digital. It is decentralized because no one controls it. It is digital because you can run it over the internet. It is private because no one can tell who you are when you make a transaction. This means no one can tell who sent the transaction, who you sent the transaction to and how much you sent. It is all private, unlike with Bitcoin. Bitcoin and Monero are similar in that, they both use prove of work algorithm to secure their network, they are both digital currencies that have wallets. You store Monero inside Monero Core Wallet. They both have a transaction fee but that of Monero is much less than that of Bitcoin.

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