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Monero (XMR) | Overview | CoinPayments

in Altcoin
Reading Time: 2 mins read
Monero (XMR) | Overview | CoinPayments
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MONERO (XMR): A decentralized, open source, security and privacy focused cryptocurrency

MONERO QUICK STATS

TYPE: Currency
CREATION DATE: June 2, 2014
DEVELOPMENT STAGE: Full Release
CURRENT SUPPLY: 15,676,261.1
TOTAL SUPPLY: N/A
ALGORITHM: CryptoNight
PROOF TYPE: Proof of Work
BLOCK TARGET: 60 Seconds


CoinPayments can provide Monero payment processing to merchants looking to accept, store, convert and send Monero. Being a Monero payment processor requires CoinPayments to stay up to date with all the latest feature additions, code and development updates to provide a secure connection with the Monero blockchain.

Monero is an open source project focused on improving privacy through secure, private and untraceable transactions. By default, Monero uses cryptography to shield the transaction amounts as well as the sending and receiving addresses. Because of these privacy focused features, units of Monero can not be blacklisted due to their previous transactional activity, making Monero a fully fungible cryptocurrency.

Not having to trust a centralized authority with your transaction privacy is a huge benefit to many companies looking for a secure way to transact without the transparency of traditional blockchain technology.

Here’s a brief video explaining Monero:

FURTHER INFORMATION ABOUT MONERO

Monero Website  |  Monero Block Explorer  |  Monero on BitcoinTalk

DISCLAIMER: The views and opinions expressed on this page do not represent those of CoinPayments Inc., Hodltech OÜ or their respective affiliates, employees and representatives (collectively, “CoinPayments”). CoinPayments does not endorse and is not responsible for or liable for the accuracy of any content, or the advertising, products, goods, services, materials or other statements, on this page. Readers should do their own research before taking any actions with respect to, or in connection with, this entity or the content and statements on this page. CoinPayments is not responsible or liable, directly or indirectly, for any damage, expense or loss caused by, or alleged to be caused by or in connection with the use of or reliance on, any content, statements, products, goods or services mentioned on this page.

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