Is Monero used in cryptocurrency ransomware attacks?

According to CNBC, in the first half of 2018, Monero was used in 44% of cryptocurrency ransomware attacks. The perpetrators of the 2017 WannaCry ransomware attack, which was attributed by the US government to North Korean threat actors, attempted to exchange the ransom they collected in Bitcoin to Monero.

Is Monero a Public Ledger?

Improvements to Monero's protocol and features are, in part, the task of the Monero Research Lab (MRL), some of whom are anonymous. [citation needed] Monero's key features are those around privacy and anonymity. Even though it is a public and decentralized ledger, all transaction details are obfuscated.

Who develops Monero?

Monero has the third-largest community of developers, behind bitcoin and Ethereum. The protocol's lead maintainer was previously South African developer Riccardo Spagni. Much of the core development team chooses to remain anonymous.

What is Monero (XMR)?

Monero ( / məˈnɛroʊ /; Abbreviation: XMR) is a cryptocurrency which uses a blockchain with privacy-enhancing technologies to obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading Monero, transaction amounts, address balances, or transaction histories.