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What is Monero and how does it work?

If we talk about anonymity in cryptocurrencies we have to mention Monero. It was created at the beginning of 2014 and until recently it was considered the most private cryptocurrency of all.

Contrary to the great majority of cryptocurrencies this one does not use the blockchain as a protocol. Its creators opted for CryptoNote, a cryptographic protocol that reveals neither the sender nor the receiver nor the actual transferred amount, so we can consider that it has zero traceability.

The XMR, as Monero is known, is minable and, as with other cryptos, the total number of maximum tokens in circulation is infinite.

If you want to know in which Wallet to store your Monero we recommend you take a look at this article where we recommend the most recognized Wallets of this cryptocurrency.

To track any Wallet or transaction made with Monero you just have to access this website, it is an explorer which gives you the available information of the transactions.

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