What is Monero
Monero is a cryptocurrency with infinite emission and the ability to conduct anonymous transactions using CryptoNote technology. In 2012, the capitalisation of coins amounted to $8 billion and still continues to grow. All this provided the coin with popularity and brought it to the TOP-20 altcoins of the world. You can mine XMR on video cards or processors.
The algorithm of operations in Monero is built as follows: the transfer is sent not from a specific person but from the whole group, whose data is entered into the blockchain. Only the recipient, the owner of the one-time wallet, can decrypt the transaction by providing the correct key and receiving the funds. Thus, it becomes impossible to determine the transfer amount and the identity of the two parties, and the individual transaction history is not defined. That happens thanks to Stealth technology.
Against the background of other digital assets, the XMR cryptocurrency is primarily distinguished by protecting users' privacy in all transactions and a special algorithm directed against ASIC miners.