Glossary Term

XMR

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XMR is a digital currency with the distinct ability to offer its users extremely high levels of anonymity and privacy when transacting. Monero shares the same decentralized, peer-to-peer cryptocurrency characteristics Bitcoin does but it does offer a heightened level of privacy. The common crypto practice provides a public ledger where every user has the ability to see the transactions and holdings of all other members. A fork of Bytecoin, Monero’s notoriety within the crypto community is a product of its ability to withhold the recipient’s capital in a transaction, even though the sender is aware of the recipient’s public address.

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What is XMR? A Traders Expert explanation

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