Coin info

What is Monero (XMR)?

Monero is an anonymous digital currency, one of the main advantages of which is the ability to hide transactions. Monero uses a ring signatures, stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. . Monero is based on the CryptoNote algorithm and is similar to Dash, LibertyCoin and AnonCoin, which also ensure maximum anonymity of transactions. CryptoNote uses the CryptoNight hash algorithm, which is work that mining on CPU and GPU is equally effective, and mining on the ASIC is impossible.
Monero can be used to conduct cash transactions on the Internet, such as, for example, the purchase of goods or services. In addition, it can be used to trade other digital currencies in the exchange markets. The most profitable pools you can found here https://monero.org/services/mining-pools/