the Bitcoin, launched under the assumption that it is anonymous, digital cash. But it turns out that Bitcoin is anonymous. Monero fulfil this Vision. Already in a number of Podcasts XMR was on the verge of mention. But now the Privacy Coin stands alone in the spotlight.
By Alex Roos
19. February 2019BTC$3.966,43 3.88%Facebook Twitter LinkedIn xing mail
Together with Christopher, I explore Monero, the ideology of privacy and the possible hurdles and problems of a private crypto-currency.
privacy as a human right
privacy is a focus of the Monero project. You want to allow the users to remain in your financial matters private. So in the case of a Monero transaction, the Sender, the receiver and the amount due to crypto are obscured graphical mechanisms. As a result, the individual Monero are fungible. In other words, they are not distinguishable from each other. On the one hand, this means a solid censorship-resistance, because Outputs cannot be on a Black list posted. On the other hand, fungibility is an essential property of a money.
Monero, private crypto currency – Alex Roos, BTC-ECHO @ BTCM2018
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Here is the main difference to Bitcoin is revealed. In Bitcoin, all transactions are recorded transparently and clearly for all eternity in the Blockchain. This could be, maybe, someday? Should Bitcoin rise actually to the global means of payment – to a company that competitors have insight into your finances? Monero offers an Alternative.
at the beginning of 2017, I was for the first time on XMR’s attention. At the time, a developer in the Bitcoin Stammtisch Karlsruhe, advised me to take a closer look at the technology. Since then, I go deeper and deeper into the rabbit Hole and explore the wondrous world of cryptography. Basically Monero realized for me, the original Vision of bitcoin: digital, private, decentralized money.
also Read: Podcast: The big year review in 2018, with Dr. Julian Hosp
show notes
articles
Watch My Block: MoneroPrivatsphäre is not a crime
Websites
Official WebsiteiOS Mobile wallet Android Mobile WalletKovriSub-RedditMoneroMumble
Paper
cryptonote Whitepaper
Video
lecture by Alex on the BTCM2018
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us on Twitter
? Then write an E-Mail to us. On our BTC-ECHO Discord, you will find a discussion platform for all crypto-related topics. There is also a Monero channel that deals deeper with the Privacy Coin. Finally, we would like to thank you for your attention and see you in the next week.
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