DID YOU KNOW ?
Monero (XMR) could have become the next bitcoin $BTC . but only thing that is stopping it is
1. it is banned in many countries due to high privacy which may result to crime increases
2. restrictions in many exchange platforms like binance . like you can't even list it here or you can't even buy it in spot trading and conversion .
monero (XMR) has high privacy because
1. It uses Ring Signatures instead of single signature during the transaction
2. it also use Stealthy Addressess that is it uses one time address for each transaction making difficult to link transactions back to users primary address
3. Ring CT . this is ring confidential transaction , it hides the the transaction amount ensuring that only sender and receiver know the amount being transferred
it was developed by anonymous developers across the globe but protocol lead maintainer was a SouthAfrican developer Riccardo Spagni.
XMR is termed as the king of privacy coins .