Monero (cryptocurrency) (Wikipedia)
Monero
Monero-Logo.svg
Monero Logo
ISO 4217
Code XMR
Denominations
Plural Monero, moneroj
Symbol ɱ
Demographics
Date of introduction 18 April 2014; 3 years ago (2014-04-18)
User(s) Worldwide

Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy, decentralization, and scalability[citation needed] that runs on Windows, MacOS, Linux, Android, and FreeBSD.[not in citation given]. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.

The focus on privacy has attracted illicit use by people interested in evading law enforcement. The egalitarian mining process made it viable to distribute the mining effort opening new funding avenues for both legitimate online publishers and malicious hackers who covertly embed the mining code into websites and apps.

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