Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy, decentralisation and scalability. Monero experienced rapid growth in market capitalization (from US$5M to US$185M) and transaction volume during the year 2016, partly due to adoption by major darknet market AlphaBay at the end of summer 2016.
Unlike many cryptocurrencies that are derivatives of Bitcoin, Monero is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchain obfuscation. On 10 January 2017, the privacy of Monero transactions strengthened further with the optional use of Ring Confidential Transactions. Ring Signature algorithm introduced an additional layer of confidentiality by not displaying the amounts implicated in a transaction to someone who did not directly take part in it. RingCT transactions are enabled by default, but it is still possible to send a transaction without RingCT until the next hard fork in September 2017
Monero have solid community of non-commercial users and a lot of technical advantages over most of altcoins. We invite everybody interested in this blockchain network to take a look at our Monero Links list. Section is upadated regulary with most interesting projects.