Cryptocurrency Q&A
Is Monero based on Ethereum?
Is Monero based on Ethereum?
GeishaCharm
Wed May 22 2024
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6 answers
1005
Could you please clarify if Monero is indeed built upon the Ethereum platform? I've heard conflicting opinions about this, and I'm quite curious to know the truth behind it. As I understand, Ethereum is a smart contract platform, while Monero is known for its privacy-oriented features. So, is there any direct link or underlying technology shared between these two cryptocurrencies? I'd appreciate it if you could provide a concise yet informative answer to this question.
6 answers
Elena
Fri May 24 2024
Its focus on anonymity is a significant aspect that sets it apart from other digital currencies. By embracing the ideals of anonymity, Monero provides users with a level of security and discretion that many find appealing.
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Nicola
Fri May 24 2024
This privacy-oriented approach allows Monero users to conduct transactions without revealing their personal details or financial histories. This feature is particularly valuable in a world where data privacy is increasingly becoming a concern.
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TopazRider
Fri May 24 2024
Additionally, Monero's design ensures that transactions are unlinkable and untraceable, further enhancing its privacy credentials. This makes it an attractive option for those seeking to protect their financial privacy.
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CryptoPioneer
Fri May 24 2024
Monero stands out as a cryptocurrency that champions privacy and confidentiality. In contrast to the majority of cryptocurrencies that prioritize transparency and security, Monero takes a distinct route.
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Lucia
Fri May 24 2024
BTCC, a leading cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services that cater to the needs of Monero and other digital currency enthusiasts. Among its offerings are spot trading, futures trading, and wallet services.
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