The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Monero was launched on April 18, 2014. Its full English name is Monero. Its original name was BitMonero. Less than five days after its release, its name was cut to Monero. In fact, Monero is the first fork based on the CryptoNote currency Bytecoin. Compared with the previous trunk, its target block time has been reduced from 120 seconds to 60 seconds, and the heuristic speed has also been greatly improved. So what exactly is this open source software pure proof-of-work cryptocurrency Monero? If you also want to know, you might as well let the currency circle editor take you to quickly understand this Monero currency in three minutes.

## What is Monero?

Monero (codenamed XMR) is an open source cryptocurrency created in April 2014 that focuses on privacy, decentralization, and scalability. Unlike many cryptocurrencies derived from Bitcoin, Monero is based on the CryptoNote protocol and has significant algorithmic differences in blockchain obfuscation. Monero’s modular code structure gets support from Wladimir, one of the Bitcoin Core maintainers
Appreciation of J. van der Laan.

Monero defines itself as an anonymous digital cryptocurrency that uses the CryptoNote protocol to achieve mixing through "Multi-layer Linkable Spontaneous Anonymous Group Signatures (M-LSAGS). The issuance of Monero provides users with stronger privacy Sex, by using stealth addresses (stealthaddress) to hide transaction data and key images to prevent double-spending attacks.

Monero uses ring signatures in a hybrid protocol. Each transaction in Monero uses a ring signature scheme to generate a key profile. The key profile is the result of executing a one-way function against a given user's private key. The information contained in the profile lets third parties know that the transaction was formed correctly and that no double-spending attack was attempted. In Monero, ring signatures are used in conjunction with stealth addresses, which are single-use addresses that are not associated with any user. The recipient of the currency can confirm where they are stored using a private "viewkey" and then spend the currency using a private "spend key" to form a ring signature.
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## What about Monero?

·Safety

Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed via distributed consensus and then immutably recorded on the blockchain. No third party needs to be trusted to keep your Monero safe.

·Private

Monero uses ring signatures, ring confidential transactions, and encrypted addresses to obfuscate the source, amount, and destination of all transactions. Monero offers all the benefits of a decentralized cryptocurrency without any of the typical privacy concessions.

·Untraceable

By default, sending and receiving addresses and transaction numbers are obfuscated. Transactions on the Monero blockchain cannot be linked to a specific user or real identity.

·Replaceable

Monero is fungible because it is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.

The above content is the detailed answer of the editor of Coin Circle to the question of what kind of currency Monero is. Now let the editor of Coin Circle take you to quickly understand Monero in three minutes. As one of the three anonymous Musketeers, Monero's advantage lies in its original ring signature technology. This technology was once unique in the currency circle and can be said to be unrivaled. However, more powerful zero-knowledge proof technology is now available, so the challenges Monero faces are still considerable. However, the currency price of XMR has always been relatively stable. Because of its unique needs for darknet transactions, it still has a certain value. Even if it may encounter some regulatory problems in the future, its currency price is still very stable. .