Launched in 2014 Monero has a simple goal: to allow transactions to take place privately and with anonymity. Now while you may have thought Bitcoin concealed a person’s identity, it’s actually pretty easy to trace any payments back to the original source. How? Because blockchains are transparent. Enter XMR. Monero is designed to obscure senders and recipients alike through the use of advanced cryptography.
The team behind Monero have made privacy and security the biggest priorities behind the coin, and with ease of use and efficiency coming second. The aim is to provide protection for all users despite how technologically competent they are.
XMR seeks to allow payments to be made quickly and inexpensively without fear of censorship. Because of its nature as a privacy coin, XMR isn’t listed on some major exchanges. For example, although you can buy XMR on Binance, it isn’t supported by Coinbase.