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Now, assume that you want to take a position in British pounds. If the exchange rate is £0.5 = $1, you will receive £7,500. After some time, the GBP/USD rate changes to 0.45, and you square off your position to get $1,666.65 in your trading account. You have made a tidy 11.11% profit and you are ready to cash out. oil bitcoin проблемы bitcoin capitalization bitcoin сбербанк bitcoin обвал connect bitcoin update Click here for cryptocurrency Links Introduction to Monero (XMR) Cryptocurrency FACEBOOK TWITTER LINKEDIN By SHOBHIT SETH Updated Jan 17, 2021 What Is Monero (XMR) Cryptocurrency? Cryptocurrencies are increasing in popularity. These are virtual or digital currencies that are decentralized and can be used to trade or spend using blockchain technology. Many of them are aimed to enhance privacy and anonymity, although their success varied. A few of these currencies allow public viewing of all transactions, while others make privacy optional. And still, others keep the privacy feature strictly implicit. When most of us think of cryptocurrencies, Bitcoin is usually the first one that comes to mind. It was one of the first of its kind, using peer-to-peer technology to allow users to make payments with their coins. But there's another currency that has achieved a high level of popularity and acceptance, mainly for its privacy-oriented features. This one is called Monero. This article explains the key concepts, features, and challenges of Monero. KEY TAKEAWAYS Monero is an open-source, privacy-oriented cryptocurrency that was launched in 2014. Its blockchain is opaque, which makes transaction details and the amount of every transaction anonymous by disguising the addresses used by participants. Investors can mine Monero using their own CPUs, which means they don't need to pay for special hardware. Its privacy features make Monero easy to use for illicit activities as well as for use on the dark web. Understanding Monero (XMR) Cryptocurrency Monero (XMR) is an open-source, privacy-oriented cryptocurrency that was launched in 2014.1 It is built and operates on the concept. These blockchains, which form the underlying technology behind digital currencies, are public ledgers of participants' activities that show all the transactions on the network. Monero's blockchain is intentionally configured to be opaque. It makes transaction details, like the identity of senders and recipients, and the amount of every transaction, anonymous by disguising the addresses used by participants.1 Along with anonymity, the mining process for Monero is based on an egalitarian concept. This is the principle that all people...