Post
Topic
Board Altcoin Discussion
Re: Why is Monero so unpopular?
by
Biznesmen
on 01/10/2023, 14:42:53 UTC
Privacy is a necessary feature in my opinion, but why hasn't Monero become a main coin?


Montero is a decentralized peer-to-peer payment currency. But unlike Bitcoin, which allows you to see any and all account balances and transactions, with Monero everything is hidden using something called ring signatures, which obscure the destination, the origin, and the amount sent. Other tech layers help to do things like obscure your IP address, allow for stealth addresses, and hide the transaction amount. Monero is untraceable, unlikable, and truly private, which is why it has remained so popular throughout the years. As long as there is a need for privacy, there will be a need for monero. So I don't believe it's the coin that's actually unpopular, but actually a bit mysterious and private, but quite popular. I think Monero has a distinctive place in the marketplace for digital currencies, particularly because some individuals think it is far better than Bitcoin.