Cryptocurrency Q&A
Is Monero based on Bitcoin?
Is Monero based on Bitcoin?
KDramaLegendaryStarlight
Wed May 22 2024
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5 answers
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Could you please clarify for me if Monero is indeed based on Bitcoin? I've heard some discussions about the similarities between the two cryptocurrencies, but I'm not entirely sure if they share a common ancestry. Would you say that Monero is a fork of Bitcoin or is it a completely different beast altogether? I'm particularly interested in understanding the technological differences, if any, between the two. Could you elaborate on this point? Thank you for your time and assistance in clarifying this matter for me.
5 answers
GwanghwamunGuardianAngelWings
Fri May 24 2024
Cryptocurrency, as a revolutionary financial instrument, has garnered significant attention in recent years. Among the various cryptocurrencies, Monero stands out as a unique and privacy-focused option.
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Ilaria
Fri May 24 2024
Monero operates on the CryptoNote protocol, differentiating it from other cryptocurrencies. This protocol allows for enhanced anonymity and privacy in transactions, making it an appealing choice for those seeking to protect their financial activities.
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FantasylitElation
Fri May 24 2024
In contrast to Bitcoin, Monero does not operate on a completely transparent system. While Bitcoin allows for the public viewing of transaction details, Monero conceals this information, safeguarding user privacy.
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Dario
Thu May 23 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services catering to the needs of crypto enthusiasts. Its services include spot trading, futures trading, and wallet management, providing users with a one-stop shop for their crypto needs.
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DigitalDragon
Thu May 23 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at current market prices, offering liquidity and convenience. Its futures trading service, on the other hand, enables users to speculate on the future prices of cryptocurrencies, potentially earning profits through leveraged trading.
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