Latest Monero updates on February 13th

Monero is a cryptocurrency project that focuses on privacy and decentralization. Recently, on 9th of February, Monero tweeted a poem written by chatGPT about Monero, which has been using it since 2015. On 5th February, Monero also tweeted about the author of the poem being a core Monero contributor. On 2nd February, Monero thanked everyone for their patience, after completing their maintenance work. On 31st January, Monero announced that the website was offline for maintenance purposes. On 30th December, Monero encouraged everyone to apply to vote and get involved in the committee. On 20th December, Monero announced the live streaming of Monero Meet and thanked everyone who donated to MoneroKon2023. On 19th December, MoneroKon announced the crowdfunding for MoneroKon2023 and on 18th December, Monero announced that one can buy prepaid cards and gift cards with Monero. Monero also tweeted about JustMoneroThings and the Monero Moon Newsletter being back. Moreover, Monero also tweeted about not sharing one’s mnemonic seed and private keys with scammers and reminded everyone to stay safe. Lastly, on 30th November, Monero celebrated the 3rd anniversary of RandomX.

What is Monero ?

Monero is an open-source, privacy-oriented cryptocurrency that is secure, private, and untraceable. It was created in April 2014 and is based on the CryptoNote protocol. Monero is unique from other cryptocurrencies as it uses a special type of cryptography to ensure that all of its transactions remain 100% untraceable.

Monero is a decentralized, peer-to-peer cryptocurrency that is designed to be used as a digital cash system. It is a privacy-focused currency, meaning that all transactions are private and secure. This is accomplished through the use of ring signatures, ring confidential transactions, and stealth addresses, which all help to make the transactions untraceable and ensure that the sender, receiver, and amount of the transaction are all kept private.

Monero also offers scalability and fungibility, two features that are often lacking in other cryptocurrencies. Scalability refers to the ability to process large amounts of transactions quickly and efficiently, while fungibility refers to the ability of any two units of a currency to be exchanged without any difference in value.

The Monero community is an active and vibrant one, with many people from around the world working together on a variety of projects. From creating new technologies and applications to marketing and promotion, the Monero community is always looking for ways to improve the project and make it more accessible to everyone.

Monero is a great project for those who value privacy and security, and for those who are looking for an alternative to traditional currencies. Monero is a great choice for those who are looking for a secure, private, and untraceable cryptocurrency.

This article was published on 2023-01-28 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.