Monero is a secure, private, untraceable currency. It is open-source and freely available to all.
With Monero, you are your own bank. Only you control and are responsible for your funds, and your accounts and transactions are kept private from prying eyes.
Want to find out more? An overview of Monero's main features are below. If you'd like to try Monero for yourself the Getting Started section is an excellent launching point.
To most people, financial privacy is very important. Yet in recent years, we have seen a staggering amount of big corporations, banks and governments have their records compromised, each time leaking information about their users, their practices, and their balance sheets. The unfortunate but undeniable conclusion is that there is no safe place to conduct private transactions.
There was no safe place to conduct private transactions. Monero provides a place where your financial activities are private. Monero is one of the leading cryptocurrencies in the post-Bitcoin world, and it is built on principles of privacy, decentralization, and scalability.
From an economic point of view, a currency needs to be fungible. Fungibility is a property of money that makes all units "equal." Without fungibility, money flows can be tracked and tainted, making it very difficult to use the digital tokens as money.
Monero is a secure, private, untraceable currency. It is open source, freely available to all, and was fairly launched on April 18th, 2014, without premine or instamine. The technology behind Monero has already spiked the interest of several established people in the Bitcoin development world and the cryptography community. Monero development is completely donation-based and community-driven, with a strong focus on decentralization and scalability. With Monero, you are your own bank. Only you control and are responsible for your funds, and your accounts and transactions are kept private from prying eyes.
Read on to find out how Monero is helping to solve real problems and limitations of existing cryptocurrencies, and building a more private blockchain.
Monero seeks to provide absolute transactional privacy in an effort to create true electronic cash. With Bitcoin, as well as with the vast majority of cryptocurrencies that have been established since, any and all transactions are entirely traceable. Any casual observer can read through the Bitcoin blockchain, and for any transaction, this observer can find out the exact amount that was transacted, as well as the precise transaction origin (sender address) and destination (recipient address).
With Monero, for any private transaction, the same observer has no means to uncover the origin, destination, or amount transacted. As such, transactions on the Monero blockchain, are private and fundamentally untraceable.
But Monero is more than a currency. Driving the official slogan - “secure, private, untraceable” - are a multitude of applications where the parties involved wish to remain private. The Monero blockchain can keep confidential contracts confidential. Since the forthcoming, blockchain-powered internet of things will place the cloud all around us, it is then increasingly important that open access tools like Monero exist to provide a secure boundary for private settlements.
An often overlooked, but nonetheless important layer of privacy in a connected world, is that of the networking infrastructure. We have teamed up with Privacy Solutions, and development is well underway to incorporate an i2p router in Monero. In a world where ill-intentioned governments and ISPs can void an individual’s basic privacy rights on a whim, it then becomes necessary to establish a private communication platform.
The underlying technologies and cryptography upon which Monero is built, has been (and continues to be) the subject of extensive analysis and review by numerous individuals and research groups. It has garnered favorable attention by some of the most prominent figures of the Bitcoin and cryptography world, such as Andrew Poelstra (andytoshi), Gregory Maxwell, and Nicolas Courtois.
With Monero, transactions are private by default. However, each user has the ability to select different levels of privacy, optionally disclosing their transaction information, or even provide audit access (view only) to their full Monero account.