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Monero (XMR) Amount: 2.0 XMR
(ID: 5j7yiex71n)

Last Bids

villa (auto)
janosek (auto)
villa (auto)
janosek (auto)
villa (auto)
janosek (auto)
villa (auto)
janosek (auto)
villa (auto)
janosek (auto)


Winner: villa
Market price:
BIDs cost (175):
Final cost:
villa saved:

Monero (XMR) is a decentralized, open-source cryptocurrency that prioritizes privacy, security, and anonymity. Launched in 2014, Monero uses advanced cryptographic techniques, including stealth addresses and ring signatures, to ensure that the sender, receiver, and transaction amounts remain confidential and untraceable.

Unlike Bitcoin, which operates on a transparent blockchain, Monero's blockchain obfuscates transaction details, making it difficult to link transactions to specific users. This has led to its adoption by individuals who value privacy or seek to avoid censorship and surveillance.

Monero is based on the CryptoNote protocol and uses a Proof-of-Work (PoW) consensus mechanism called RandomX, which is designed to be resistant to specialized mining hardware (ASICs), promoting more equitable mining among its users.

While Monero's focus on privacy has attracted users seeking enhanced anonymity, it has also raised concerns regarding its potential use for illicit activities. Despite these concerns, Monero has maintained a strong community and remains a popular choice for those who prioritize privacy in their cryptocurrency transactions.

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