Monero [XMR] Is Still The Best Privacy-Oriented Coin Irrespective Of Its Recent Challenges

Online security and privacy have always been a great concern in the world today. It is even more important now than ever has almost everything we do revolve around the internet, including online shopping, financial services, and so on. The issue with the internet is the online criminals that can easily hack people’s systems and steal sensitive information.

This is where privacy-oriented digital currencies come into play, as they offer security and anonymity. Monero [XMR] isn’t only one of them, but it is the best privacy-oriented digital currency in the crypto market irrespective of its recent challenges.

Monero (XMR) Price Today – XMR / USD

Monero [XMR] Was Recently Involved in Some Ransomware and Cryptojacking Attacks

Monero [XMR] was launched back in 2014, and it has evolved very fast over the years, becoming one of the most popular and appreciated digital currencies. The digital currency has grown so fast not only because of its price, investment opportunity, or technology but because of its entire private and decentralized nature.

The blockchain of Monero [XMR] allows for anonymous transactions, as the blockchain doesn’t store sensitive information about traders and holders. This is why cybercriminals have chosen the digital currency for their attacks such as ransomware and crypto jacking because Monero is genuinely private and decentralized.

cryptojacking-monero

Monero [XMR] Is Still the Best Privacy-Oriented Digital Currency

Despite all the aforementioned issues, which even affected the value of the coin coupled with the current bearish trend, Monero [XMR] is still undoubtedly the best privacy-oriented digital currency in the market. First, Monero [XMR] is the only digital currency that is untrackable, unlinkable, and untraceable. Transactions on the blockchain of Monero [XMR] are highly private and anonymous.

Secondly, the decentralization of Monero [XMR] cannot be questioned, as the team of Monero comprises of only 7 guys that are only known by their nicknames. Besides its decentralized and private nature, the digital currency is very straightforward and easy to mine, making it an excellent option for beginners in the digital currency mining industry.

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