Monero is a secure, private, untraceable currency. It is open-source and freely available to the world. It’s fairly launched in 2014, April 18th without premine or instamine.
The Monero technology already spiked the interest of several established people in the bitcoin development world and cryptography community.
The development is completely based on donations, community driven and with a strong focus on decentralization and scalability.
With Monero, you are truly your own bank. Only you control and are responsible for your funds, and your accounts and transactions are kept private from prying eyes.
How does Monero accomplishes to be private and fungible by default?
Monero is based on 2 technologies: stealth addresses & ring signatures
-Stealth addresses make sure your balance of your wallet is private by default. The incoming transactions can’t be linked together.
-Ring signatures make sure individual transaction outputs on the blockchain can’t be traced. The fact that it’s embedded in the protocol gives monero fungibility by default.
Other features of Monero: decentralization and scalability
-Accessible PoW due to the low performance gap between CPU, GPU, FPGA and ASIC.
-Disconnected architecture due to convenient software by using 0MQ for libraries
-Slightly (dis-)inflationary: after the initial emission of 18.4 million coins, there will be a minimum block reward fixed at 0.3 XMR per minute starting in 2022 making sure miners will always have an incentive to secure the chain.
-A dynamical block size limit based on a look-back window.