What is Monero (XMR)?

The profound impact brought about by the birth of Bitcoin in 2009 is undeniable. The creation of a decentralized currency – disconnected from nation states, with a predictable protocol for issuing new coins, and auditable and open to all – ushered in a new way of holding money: an asset for transferring and storing value and purchasing power.

However, Bitcoin, the first cryptocurrency, fell victim to this structural flaw in its architecture: public and traceable wallet addresses and transaction values, which, in short, led to a lack of native privacy on the network.

In 2014, Monero (XMR) was born as an open-source and decentralized blockchain protocol, focusing on private and untraceable payments natively embedded. Within its ecosystem, the implementation of ring signatures, stealth addresses, and RingCT stand out as technologies that guarantee the anonymity of the sender, recipient, and the value of a transaction.