What is Monero in cryptocurrency? How does Monero work?

What is Monero in cryptocurrency? How does Monero work?

Monero is a privacy-centric cryptocurrency designed for anonymous transactions. It uses advanced cryptography, such as Ring Signatures and Stealth Addresses, to hide transaction details like sender, receiver, and amount. This ensures that transactions remain private and untraceable, making it popular among those who prioritize security.

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