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Username: ForexGuy Rating:  Asked to: Apinya Kamon Date Created: 15 Aug 2018 |
| Category | 28 |
| Tag | Financial |
| Question | Please give the definition of 'Monero'. |
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Hello ForexGuy, Monero is a digital currency that offers a high level of anonymity for users and their transactions. Like Bitcoin, Monero is a decentralized peer-to-peer cryptocurrency, but unlike Bitcoin, Monero is characterized as a private digital cash. Monero was created as a grassroots movement with no pre-mine and no VC Funding, and launched in April 2014 as a fork of Bytecoin. A fork occurs when an original cryptocurrency is split into two to create another version, which is made possible due to the open source formats prevalent in most cryptocurrency designs. Most forks are formed to address flaws of the parent currency and to create better alternatives. The plural of Monero is Moneroj. |
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