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Exclusive Insights: The of - The of

Aug 3, 2024

OUTLINE:

00:00:00 Introduction
00:00:18 The Unique Privacy of Monero
00:00:40 Monero's Launch and Technology
00:01:04 Growth and Community Support
00:01:23 The Demand for Financial Privacy
00:01:34 Monero's Future
00:01:54 Conclusion
00:02:07 Outro

(/məˈnɛroʊ/; Abbreviation: ) is a which uses a with to obfuscate transactions to achieve and . Observers cannot decipher trading Monero, transaction , address , or transaction .

The protocol is and based on , a concept described in a 2013 white paper authored by Nicolas van Saberhagen. Developers used this concept to design Monero, and deployed its mainnet in 2014.

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The protocol includes various methods to obfuscate transaction details, though users can optionally share view keys for third-party auditing. Transactions are validated through a miner network running RandomX, a proof-of-work algorithm. The algorithm issues new coins to miners and was designed to be against (ASIC) mining.

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