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Overview: Monero (XMR) is a cryptocurrency that is focused on privacy and “censorship-resistant transactions.” Unlike most other cryptocurrencies, such as Bitcoin and Ethereum, Monero has a private blockchain that allows specific transaction information to remain hidden from tracking. Most other cryptos rely on a transparent blockchain, which allows transactions to be traceable and verified by anyone. Monero sets itself apart from other so-called selective transparent cryptocurrencies because its network was created with end-to-end privacy.
Circulating Supply: 15.55 Million XMR
Mineable: Yes
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Disclosure: Spotlight Growth’s Crypto Cheat Sheets are not meant to be an endorsement or recommendation to invest or trade in the respective cryptocurrency mentioned above. They are meant strictly for information and entertainment purposes only. Please consider the risks and extremely speculative nature of cryptocurrencies before investing, which may not be suitable for all individuals. Spotlight Growth has no personal or business connections to any of the cryptocurrencies or their respective companies. However, the owner may have positions within one or more of the crypto coins mentioned for purposes of speculation or investment. For those that are active within crypto space, Spotlight Growth would like to remind you to exercise financial responsibility. PSA: These are very interesting and exciting times, but it is not recommended to take out additional mortgage, loan, liquidate 401K, utilize credit cards, etc. in order to participate within these markets. Please view SEC website for more details to consider: https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11
