August 2, 2017
Monero is geared toward those who desire greater anonymity. The cryptocurrency allows you to “send and receive funds without your transactions being publically visible on the Blockchain.” Transactions are completely untraceable due to Monero’s leveraging of ring signatures. Unfortunately, because of Monero’s emphasis on privacy, it has seen adoption by the darknet and other criminal organizations.
Monero uses a cryptographically sound system to allow you to send and receive funds without your transactions being easily revealed on the blockchain (the distributed ledger of transactions). This ensures that your purchases, receipts, and all transfers remain absolutely private by default.