Spotlight Growth
No Result
View All Result
Wednesday, March 22, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Monero (XMR) Values the Privacy of their Users

by admin
March 28, 2018
in Cryptocurrency, Technology
0
Monero XMR Cryptocurrency Privacy Decentralized Article

Monero XMR Cryptocurrency Privacy Decentralized Article

Satoshi Nakamoto had several specific visions in mind when they created Bitcoin. Decentralization was critical – but so was privacy. The ability to trade digital currency back and forth, with a public ledger but private identities, is still a major component of most blockchain projects. However, blockchain forensics is an increasingly advanced field of law enforcement. The process of scraping the Bitcoin public ledger led to multiple arrests and a plethora of evidence for ongoing criminal cases.

No one is overly concerned about the arrest of a handful of criminals that chose to use cryptocurrency. Rather, users are concerned about the inevitable governmental overreach. The United States in particular consistently shows that they are willing to monitor the actions of individuals with no known criminal background. This is where Monero enters the picture. Privacy is the absolute mantra for the Monero development team, and they’ve done everything in their power to ensure the anonymity of their users.

Privacy as a Critical Component

The Monero development team created a completely new blockchain for the XMR currency. This helped them ensure several critical components of their stated goals. First, the platform uses ring signatures to create groups of users for each transaction. These transactions are accomplished using one time use keys, and pass through multiple anonymous addresses before reaching their ultimate target. Each unit of Monero is also unidentifiable – they have no internal ID that separates them from one another. This has the added benefit of creating a fungible currency, while also avoiding ‘blacklisting’. Several cryptocurrencies suffer from entire subsections of their coin being blacklisted due to use in black market dealings.

A second feature baked directly into the Monero blockchain is ASIC resistance. Most blockchains that use a mining algorithm are subject to large scale ASIC mining farms. These highly specialized processing units are created with the sole purpose of calculating the hashing algorithm of specific cryptocurrencies. Monero is dead set against these systems, and even bricked a series of Bitmain’s Antminers recently to prove this point. As a result, even relatively low computational power miners can still profit off the Monero blockchain.

An Alternative to Advertising

As a result of this egalitarian approach to mining, several new avenues for monetization appear. Popular media website Salon recently created an opt-in pilot program that uses Monero mining in place of advertising. Using a web application to conduct the mining, Salon borrows computational power from the visiting computer to briefly mine Monero. Each individual visitor contributes very little, but the net effect is a greater revenue stream than traditional advertising offers.

As a result of this unique approach to the blockchain sphere, Monero is now the coin of choice for users looking for privacy. The fact that it is also viable for small scale mining brings in some investors that aren’t even focused on that aspect. These factors combined show a very positive outlook for Monero going into the future.

Article By: Adam Stone

Tags: advertisingBitcoinblockchaincoincommon stockcryptocrypto miningcrypto newscrypto paymentsCryptocurrencycryptocurrency newsdecentralizeddigital currencyemerging growthEthereuminvestmentminingMoneronewsprivacypublic companySpotlight GrowthSpotlight Growth StockstechTechnologytechnology stocksXMR
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
JanOne NASDAQ JAN Sells ARCA Recycling Business Focus on Biopharma Spotlight Growth

JanOne (NASDAQ: JAN) Sells ARCA Recycling Business to VM7, Will Focus on Budding Biopharmaceuticals Business

March 22, 2023
89bio NASDAQ ETNB Phase 2b ENLIVEN Trial Pegozafermin NASH Spotlight Growth

89bio (NASDAQ: ETNB) Reports Phase 2b ENLIVEN Trial of Pegozafermin Achieved Primary Endpoints For Treatment of Nonalcoholic Steatohepatitis (NASH)

March 22, 2023
U.S. Xpress NYSE USX Knight-Swift Transportation NYSE KNX Acquisition Spotlight Growth

U.S. Xpress Enterprises (NYSE: USX) Enters Into Acquisition Agreement With Knight-Swift Transportation (NYSE: KNX) Valued at $808 Million

March 21, 2023
Axon Enterprise Logo

Axon Enterprise (NASDAQ: AXON) Maintains its Market Dominance with Strong Growth

March 20, 2023

Recent News

JanOne NASDAQ JAN Sells ARCA Recycling Business Focus on Biopharma Spotlight Growth

JanOne (NASDAQ: JAN) Sells ARCA Recycling Business to VM7, Will Focus on Budding Biopharmaceuticals Business

March 22, 2023
89bio NASDAQ ETNB Phase 2b ENLIVEN Trial Pegozafermin NASH Spotlight Growth

89bio (NASDAQ: ETNB) Reports Phase 2b ENLIVEN Trial of Pegozafermin Achieved Primary Endpoints For Treatment of Nonalcoholic Steatohepatitis (NASH)

March 22, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested