ETH: 0x4e03Bf5CCE3eec4Ddae4d3d6aAD46ca4f198AeD6 BTC: 1GqWMZRRygRJJWYYTWHkAVoRcgyQHjgBMZ XMR: 42Y1S1KBoPk381kc7hA68zaiC78BxMoCADjLrFcTdWiE7ejhZc49s1t9i7P2EmTnHsLDiKoSUiogCbLVHXRJxjrCT4WG8ic XRB: xrb_1bpzh745s9kzk8ymfnks3jtdi65ayumdstokzd4yw4ohu3fopxmiocjcntcu
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Cryptoindex is a tool for exposure to the cryptomarket and serves as a smart benchmark for all cryptocurrencies. The AI-based Cryptoindex algorithm is continuously analyzing more than 1000 coins applying over 170 factors, processing more than 1 million signals per second to provide a highly sophisticated index of the top 100 coins.
You can find our previous reviews here:
Dash. Review - August 2018. Binance Coin. Review IOTA. Review. August - 2018 NEM.Overview Ethereum Classic.Review TRON overview. Cardano - review. Future plans. Ripple - review. Further Perspectives Litecoin. June'18 overview The Dow Jones index. From where did it come to us? Bitcoin Cash. June 2018 overview Are cryptocurrency indices a new crypto market trend? EOS. End of May'18 overview Ethereum. May 2018 overview
Here on our Cryptoindex blog, we will be posting 100 articles about each of the top performing coins selected by our powerful AI algorithm#CIX100coinreview.
Today’s review: Monero
What is Monero?
This name cryptocurrency has received from the word "coin" in the language of Esperanto. Cryptocurrency appeared on April 18, 2014, as Bytecoin fork (not Bitcoin). The release of the coin caused increased interest from the crypto community after announcing by the developers the Roadmap and the Whitepaper. The essence of the project was to make the cryptocurrency anonymous.
But on the other hand, the creation of such cryptocurrency attracted the attention of law enforcement agencies, including Europol. As an argument that was brought to the attention of developers, it was that Monero could become a good means of payment on the black market for drugs trade.
The FBI also speaks with the same statement, pointing out that Monero is in the TOP of the crypto-currency on the black market:
At the time of writing, Monero is ranked 11th by the capitalization in Coinmarketcap.com
How does it work?
Monero is mostly an open source software that uses the principle of proof-of-work. But unlike Bitcoin, Monero emission is not limited. That's why the developers did it so that the miners would ensure the system's operation even after the emission was completed.
The developers of Monero have made a lot of efforts to make their cryptocurrency secure. To achieve a high result, special measures were taken:
Among the miners, it’s in high demand, due to anonymity for mining on other people's computers and servers. Recently, there have been more cases when Monero was noticed in the code of many viruses. The power of many computers around the world is used to extract this particular cryptocurrency, in particular, this happened last year in London, where scammers used the hacked government servers for mining.
Also Monero, right along with Bitcoin, Zcash and Dash is the most used cryptocurrency in Darknet. A particularly favored method of money laundering is the so-called "mixer". The principle of its work is that the money received illegally is sent to the exchange where Bitcoin coins are purchased, for which the Monero tokens are then purchased and then the attacker can safely transfer to any stock exchange, to a pre-established account and receive money in any form convenient for him.
Advantages of Monero
Now the developers are actively working to promote the currency. Given the high anonymity and growth in demand, success is entirely assured. The anonymity of Monero transactions is not absolute. If the attacker controls a large part of the network, then under certain circumstances, he can deanonymize some of the transactions.
At the time this article was published, Monero [XMR] is 0.812% of the total of CryptoIndex portfolio. You can always check the current CIX100 composition at our MVP platform: http://cryptoindex.ai/
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In fact, your coins (or tokens) are simply part of a blockchain system as pieces of data, and the wallets serve as a means to access them. Your private keys will be generated by your mnemonic seed phrase and stored in an encrypted manner on the end-user device, so your money is totally under your control. Buy or Sell Bitcoin and Cryptocurrencies today on Binance, our easy to use platform ... A dark web scam which targeted the crypto wallets of dark web users have been uncovered but not after many users fell victim to it. The scam, which involved a malicious version of the Tor browser, designed to spy and steal bitcoin from the wallets of users on many dark web marketplaces, has now been exposed by a team of researchers, scorching the dark web for malicious activities. Bitcoin transactions on darknet markets jumped 65% in value during the first quarter, according to research by a blockchain analytics firm. The amount of bitcoin sent from darknet entities to ... Bitcoin spielt bei Aktivitäten im Darknet weiterhin eine Rolle. Die zwischenzeitliche Schließung illegaler Marktplätze hat nicht zu einem nachhaltigen Rückgang der Verwendung geführt. Gleichwohl fällt das Volumen der illegalen Transaktionen gemessen am Marktwert von Bitcoin verschwindend gering aus. Thousands of bitcoins on darknet or criminal wallets. Switzerland: a new ETP on Bitcoin listed on SIX. Bitcoin price goes up as well as fees. New record for Bakkt's bitcoin futures. Prev Next. Travala, refunds paid with the Binance stablecoin. LBCoin, Lithuania has its own state cryptocurrency. Why the LINK cryptocurrency is going up. EOS: suspicious transactions from exchanges. Prev Next ... The Bitcoin flow in the darknet. In particular, in the last seven days the majority of these flows have taken place from darknet market wallets to exchanges, with a countervalue in US dollars of around 3.6 billion. They follow with 3.2 billion those from fraudsters to the exchanges, while the other types of flows have much more contained volumes.
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