submitted by kkkc to CryptoIndex_io [link] [comments]
Cryptoindex is a tool for exposure to the cryptomarket and serves as a smart benchmark for all cryptocurrencies. The AI-based Cryptoindex algorithm is continuously analyzing more than 1000 coins applying over 170 factors, processing more than 1 million signals per second to provide a highly sophisticated index of the top 100 coins.
You can find our previous reviews here:
Dash. Review - August 2018. Binance Coin. Review IOTA. Review. August - 2018 NEM.Overview Ethereum Classic.Review TRON overview. Cardano - review. Future plans. Ripple - review. Further Perspectives Litecoin. June'18 overview The Dow Jones index. From where did it come to us? Bitcoin Cash. June 2018 overview Are cryptocurrency indices a new crypto market trend? EOS. End of May'18 overview Ethereum. May 2018 overview
Here on our Cryptoindex blog, we will be posting 100 articles about each of the top performing coins selected by our powerful AI algorithm#CIX100coinreview.
Today’s review: Monero
What is Monero?
This name cryptocurrency has received from the word "coin" in the language of Esperanto. Cryptocurrency appeared on April 18, 2014, as Bytecoin fork (not Bitcoin). The release of the coin caused increased interest from the crypto community after announcing by the developers the Roadmap and the Whitepaper. The essence of the project was to make the cryptocurrency anonymous.
But on the other hand, the creation of such cryptocurrency attracted the attention of law enforcement agencies, including Europol. As an argument that was brought to the attention of developers, it was that Monero could become a good means of payment on the black market for drugs trade.
The FBI also speaks with the same statement, pointing out that Monero is in the TOP of the crypto-currency on the black market:
At the time of writing, Monero is ranked 11th by the capitalization in Coinmarketcap.com
How does it work?
Monero is mostly an open source software that uses the principle of proof-of-work. But unlike Bitcoin, Monero emission is not limited. That's why the developers did it so that the miners would ensure the system's operation even after the emission was completed.
The developers of Monero have made a lot of efforts to make their cryptocurrency secure. To achieve a high result, special measures were taken:
Among the miners, it’s in high demand, due to anonymity for mining on other people's computers and servers. Recently, there have been more cases when Monero was noticed in the code of many viruses. The power of many computers around the world is used to extract this particular cryptocurrency, in particular, this happened last year in London, where scammers used the hacked government servers for mining.
Also Monero, right along with Bitcoin, Zcash and Dash is the most used cryptocurrency in Darknet. A particularly favored method of money laundering is the so-called "mixer". The principle of its work is that the money received illegally is sent to the exchange where Bitcoin coins are purchased, for which the Monero tokens are then purchased and then the attacker can safely transfer to any stock exchange, to a pre-established account and receive money in any form convenient for him.
Advantages of Monero
Now the developers are actively working to promote the currency. Given the high anonymity and growth in demand, success is entirely assured. The anonymity of Monero transactions is not absolute. If the attacker controls a large part of the network, then under certain circumstances, he can deanonymize some of the transactions.
At the time this article was published, Monero [XMR] is 0.812% of the total of CryptoIndex portfolio. You can always check the current CIX100 composition at our MVP platform: http://cryptoindex.ai/
Stay updated on our channels: Follow CRYPTOINDEX on Telegram Follow CRYPTOINDEX on Medium Follow CRYPTOINDEX on Twitter Follow CRYPTOINDEX on Facebook Follow CRYPTOINDEX on Linkedin Follow CRYPTOINDEX on Reddit
|Rate (per day)||33.49||2014.59|
Generated with BBoe's Subreddit Stats
Binance Coin (BNB), the cryptocurrency of the number one global crypto exchange has been the best performing alternative coin traded against Bitcoin (BTC). Coming out of the crypto winter of 2018, the firm launched a series of projects among which are the Binance DEX, Binance Jersey and recently the Venus… Lasry believes that Bitcoin will reach $40,000 in the next few years, and regrets not buying it sooner. Marc Lasry sees Bitcoin hitting $40,000 due to easy trading. In one of his recent interviews, a well-known Bitcoin (BTC) supporter and a billionaire, Marc Lasry, decided to even give his price predictions for the future of the coin. Despite ... Zhao went onto say that the launch of Binance UK is foundational to the future of cryptocurrency in the region, citing the UK’s crypto-friendly stance as the reason. “As part of our local market growth efforts around the world to bring more tangible financial access through the power of digital assets and its technology, the U.K. is at the forefront of spurring larger interest in the ... In this weekly report: Binance adds Futures to its mobile app, as well as its first fiat currency, BNB is now available for P2P in China, Community Coin Vote gets a Round 2, and more! 1. Binance is bringing Futures to mobile apps. We have launched an early-access version of the Binance app on Android, which includes Futures. The Binance app on ... In advance of her “Crypto Across Emerging Markets” panel at Consensus: Distributed on May 11, Leigh Cuen is writing a three-part column on how cryptocurrencies are used in the developing world. The first installment explored bitcoin adoption in the Middle East. The future of money will be defined by African markets, where cryptocurrency awareness and […] While Binance is one of the largest crypto-currency exchanges, the heist is not the largest the Bitcoin world has seen. In 2014, Mt Gox was hacked to the tune of $470m. Binance users can now buy Bitcoin with practically all of the fiat currencies in existence; Binance, which is one of the leading cryptocurrency exchanges in the world, has partnered with the peer-to-peer crypto exchange Paxful. Via this partnership, Binance users can now use 167 different fiat currencies to buy Bitcoin. Bitcoin Future claims to have a 99.4% trading signals accuracy. Is this software a SCAM or is it LEGIT? Read our Bitcoin Future review to find out more. You can register on it by using the visit ...
[index]          
Bitcoin Price briefly went below $10,000 before going back to the $10,600- $11,000 range and one question remains; Is the correction over? New reports also reveal that OGs aren't selling BTC ... BITCOIN में INVESTMENT करें या नहीं I Complete Analysis I Dr Vivek Bindra - Duration: 13:38. Dr. Vivek Bindra: Motivational Speaker Recommended for you This just in: McDonald’s, Starbucks and Subway are the three American companies, among 19 companies, participating in China's digital currency trial in 2020. Plus, other Bitcoin and crypto news ... 💙Phemex $112 Extra Bonus: https://phemex.com/web/user/register?group=74&referralCode=I4IEK 💛Binance Futures 10% Discount: https://www.binance.com/en/futures/... Binance Bitcoin Futures, First Blockchain Alliance, China Coin Launch Date & Bitcoin Price Slump - Duration: 38:44. The Modern Investor 20,535 views. 38:44. This Vidoe explains how to Trade Binance Futures. How I’m Turning $100 Into $10,000 SAFELY – The Best Trading Strategy To Make $100 A Day - Duration: 30:46. Trading Fraternity 195,123 views Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume... This is Altcoin news, from the world of Cryptocurrency. Today we look at a few of the major celebrities who got involved with cryptocurrencies so far. Binance Vs McAfee: hack rumours controversy ... Catherine Coley is the CEO of Binance US. Catherine started her career in traditional finance with Morgan Stanley working in both Hong Kong and London. She went on to advise Silicon Valley Bank ... Andreas Antonopoulos: Just because you don't need bitcoin, doesn't mean it's not needed. - Duration: 1:00:12. Singularity Weblog 23,511 views