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Monero (/məˈnɛroʊ/; Abbreviation: XMR) is a cryptocurrency which uses a blockchain with privacy-enhancing technologies to obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading Monero, transaction amounts, address balances, or transaction histories.[2]
The protocol is open source and based on CryptoNote v2, a concept described in a 2013 white paper authored by Nicolas van Saberhagen. Developers used this concept to design Monero, and deployed its mainnet in 2014. The Monero protocol includes various methods to obfuscate transaction details, though users can optionally share view keys for third-party auditing.[3] Transactions are validated through a miner network running RandomX, a proof-of-work algorithm. The algorithm issues new coins to miners and was designed to be resistant against application-specific integrated circuit (ASIC) mining.
Through the use of blockchain technology and decentralized apps (DApps), the TRON TRX tickers down $0.1523 network is committed to furthering the decentralization of the internet. The TRON network, which was established in September 2017 by H.E. Justin Sun, has kept up its excellent performance since the launch of its mainnet in May 2018. In July 2018, BitTorrent, a pioneer in decentralized services with close to 100 million monthly active users, was also acquired and integrated into the TRON ecosystem. Additionally, TRON, which surpassed Monero XMR tickers down $1.00 on Ethereum in April 2021, contains the largest global circulating supply of stablecoins. The TRON network became a wholly community-governed decentralized automated organization (DAO) in December 2021 after decentralizing fully.
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