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Cryptoindex is a tool for exposure to the cryptomarket and serves as a smart benchmark for all cryptocurrencies. The AI-based Cryptoindex algorithm is continuously analyzing more than 1000 coins applying over 170 factors, processing more than 1 million signals per second to provide a highly sophisticated index of the top 100 coins.
You can find our previous reviews here:
Dash. Review - August 2018. Binance Coin. Review IOTA. Review. August - 2018 NEM.Overview Ethereum Classic.Review TRON overview. Cardano - review. Future plans. Ripple - review. Further Perspectives Litecoin. June'18 overview The Dow Jones index. From where did it come to us? Bitcoin Cash. June 2018 overview Are cryptocurrency indices a new crypto market trend? EOS. End of May'18 overview Ethereum. May 2018 overview
Here on our Cryptoindex blog, we will be posting 100 articles about each of the top performing coins selected by our powerful AI algorithm#CIX100coinreview.
Today’s review: Monero
What is Monero?
This name cryptocurrency has received from the word "coin" in the language of Esperanto. Cryptocurrency appeared on April 18, 2014, as Bytecoin fork (not Bitcoin). The release of the coin caused increased interest from the crypto community after announcing by the developers the Roadmap and the Whitepaper. The essence of the project was to make the cryptocurrency anonymous.
But on the other hand, the creation of such cryptocurrency attracted the attention of law enforcement agencies, including Europol. As an argument that was brought to the attention of developers, it was that Monero could become a good means of payment on the black market for drugs trade.
The FBI also speaks with the same statement, pointing out that Monero is in the TOP of the crypto-currency on the black market:
At the time of writing, Monero is ranked 11th by the capitalization in Coinmarketcap.com
How does it work?
Monero is mostly an open source software that uses the principle of proof-of-work. But unlike Bitcoin, Monero emission is not limited. That's why the developers did it so that the miners would ensure the system's operation even after the emission was completed.
The developers of Monero have made a lot of efforts to make their cryptocurrency secure. To achieve a high result, special measures were taken:
Among the miners, it’s in high demand, due to anonymity for mining on other people's computers and servers. Recently, there have been more cases when Monero was noticed in the code of many viruses. The power of many computers around the world is used to extract this particular cryptocurrency, in particular, this happened last year in London, where scammers used the hacked government servers for mining.
Also Monero, right along with Bitcoin, Zcash and Dash is the most used cryptocurrency in Darknet. A particularly favored method of money laundering is the so-called "mixer". The principle of its work is that the money received illegally is sent to the exchange where Bitcoin coins are purchased, for which the Monero tokens are then purchased and then the attacker can safely transfer to any stock exchange, to a pre-established account and receive money in any form convenient for him.
Advantages of Monero
Now the developers are actively working to promote the currency. Given the high anonymity and growth in demand, success is entirely assured. The anonymity of Monero transactions is not absolute. If the attacker controls a large part of the network, then under certain circumstances, he can deanonymize some of the transactions.
At the time this article was published, Monero [XMR] is 0.812% of the total of CryptoIndex portfolio. You can always check the current CIX100 composition at our MVP platform: http://cryptoindex.ai/
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A Binance desde que iniciou em 2017 já proporcionou várias novidades aos investidores do seu projeto, está disseminando o aceite da Binance Coin e pretende criar uma DEX também. Binance Pool has received mixed responses from the crypto community, with some commentators expressing concerns that Binance's pool will result in a further centralization of Bitcoin ( BTC ) hash ... This is how bitcoin's bottom is formed! Binance delisting popular coins! Fed prints $60m USD per minute! Huge bank to store crypto! ETH ALGO BAX FTM NEWS For Business Inquiries ... Binance to dominate decentralized exchange? CZ announced BNB Chain, offers bounty for hackers! Please let us know what you thought about our review below! Bitcoin Cash: BCH CEO Roger Ver Hosting Global BCH Airdrop & Price prediction Bitcoin BCH 1,140 watching Live now How The Economic Machine Works by Ray Dalio - Duration: 31:00. Binance DEX testnet has launched on Binance Chain. Checkout this detailed walkthrough from wallet creation to trading. Test it out and let me know what you think about the decentralized exchange J’espère que cette vidéo répond à vos questions sur ce nouveau DEX de Binance et qu'elle couvre bien cette actualité ! Si vous en avez d’autres : vous pouvez laisser un commentaire. J’y ... Mix Play all Mix - Binance YouTube Pomp Podcast #259: CZ explains Why Binance is Paying A Rumored $400 Million for CoinMarketCap - Duration: 57:48. Anthony Pompliano 29,630 views Bitcoin Halving is soon here, let's discuss the important updates. Also covering Binance Smart Contracts and Google. WATCH LIVE DAILY: https://ivanontech.c... Let's create a non-custodial Binance Coin wallet to manage BNB in a decentralized way. Go to https://AtomicWallet.io , download the file for your operating system and install the App. Now you can ...