Bitcoin ($BTC) transactions provide a degree of anonymity, but BTC’s transparent blockchain means that payments can easily be traced back to their original source.
the largest “privacy coin”, solves this problem by leveraging advanced cryptography to obscure senders and recipients on its blockchain, thus facilitating truly anonymous transactions
XMR was launched in 2014 by a team of developers prioritizing privacy and security over ease of use and efficiency.
Due to their censorship-resistant features, privacy coins have faced much regulatory scrutiny over the years – Monero recently made the headlines after regulators in the United Kingdom officially banned it
from cryptocurrency exchanges.
Investor chatter regarding XMR proves there’s no such thing as bad press in the crypto space – Monero Mentions plummeted after the coin fell more than -50% in May 2021, but have surged to a new ATH in recent months.