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Monero Price Prediction – Downtrend Continuation?

From u.today

Monero was initially launched in April 2014 as a fork of Bytecoin, under the name BitMonero. Ever since its inception the coin has been focused on anonymity, private transactions, and decentralization. Monero’s trading symbol is XMR, it uses the proof-of-work algorithm CryptoNight and is designed to be ASIC resistant (good news for small miners). The protocol uses an obfuscated public ledger and Ring Signatures which mix the sender’s transactions with a group of others. This system makes it more difficult to establish links between sender/receive thus providing anonymity for users. Further, the use of “stealth ... (full story)

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  • Category: Technical Analysis