Monero is an independent cryptocurrency with its own blockchain and unique features and advantages. For certain types of transactions, Monero offers a better solution than the Bitcoin environment. Also, mixed Bitcoin/Monero use combines the strengths of both coins.
Monero is often portrayed as a cryptocurrency in the gray area to illegal activities. However, privacy is not a crime and the legal issues can be managed. Typical questions when using Monero are answered below:
Monero is the top privacy coin. Monero is what Bitcoin noobs thought they bought. While in the past not being the best store of value, its strength lies in its discreet payment function. You don't need privacy until you do, and then it's too late.
Yes. They are legal in most countries, but there is a risk that they'll be banned in the future. The circumstance that Monero is also used in illegal activities does not make legitimate transactions illegal or even unethical.
Its characteristics are stealth addresses, ring signatures, zero-knowledge proofs (zk-proofs), and RingCT form Monero's proprietary privacy protocol. There is no evidence yet that any transaction has ever been tracked and traced. However, certain governments and contractors are trying to develop tools to help tracing Monero. The future is uncertain and new tools might be used for old transactions.
Monero is increasingly being used as an intermediary for Bitcoin transactions. Bitcoin holders buy Monero and use that currency to settle transactions in order to complete private money transfers without having to expose their public wallet address. The receiver sells the Monero against Bitcoin as store-of-value coin. Buying and selling can be accomplished on an atomic swap without KYC requirements.
When people talk about the merits and deserved success of cryptocurrencies, Monero (XMR) typically goes unmentioned. Its character as a privacy coin is not highly weighted...
The surveillance character of Bitcoin will result sooner or later in the #BitcoinPapers, a database disclosing all Bitcoin transactions of the past. It's publication will be a strong argumentfor Monero as the premium privacy coin. Details are described in a LinkedIn post.
PUGNATORIUS is familiar with Monero Privacy coin and Monero transactions, it's risks and relevant topics, as well as its smart utilizationas Bitcoin supplement. It has a unique bouquet of experiences with various Monero projects, including transformation into Bitcoin and fiat. The firm guides you through your challenging project, respectively transaction.
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