$XMR

Monero (XMR) is a privacy-focused cryptocurrency that sets itself apart by making every transaction confidential and untraceable by default. Here’s a clear breakdown:

Monero (XMR)

Launched: April 2014 (originally as BitMonero, a fork of Bytecoin).

Symbol: XMR

Focus: Privacy, security, and decentralization

Key Features of Monero

$Private by Default

Unlike Bitcoin or Ethereum, where transactions are publicly visible on the blockchain, Monero hides sender, receiver, and amount.

Uses technologies like:

Ring Signatures – Hide sender identity.

Stealth Addresses – Hide receiver’s address.

RingCT (Confidential Transactions) – Hide the transaction amount.