Monero became the best-performing cryptocurrency of 2016 as the value of Monero escalated up to 2,760%. Today, Monero is about $12 worth that is comparable with its worth at 50 cents during the year’s beginning. And the collective value of all Monero is getting close to $165 million.
What is Monero?
As an open source of cryptocurrency, Monero (XMR) was launched in April of 2014. Unlike the other cryptocurrencies Bitcoin’s, Monero is focused on decentralization, emphasizing privacy and scalability. I is based on protocol CryptoNote possessing significant differences in algorithmic that blockchain obfuscation. From the start, it was accepted warmly by the general public. Later Monero underwent excessive growth in market; from a capitalization of US$5M it shoots up to US$185M. At then of summer in 2016, transaction volume likewise, escalated due in part to a major darknet market AlphaBay.