Monero (XMR) is a decentralized, open-source cryptocurrency that focuses on providing enhanced privacy and security for its users. It was created in 2014 and operates on a blockchain network that uses a unique protocol called CryptoNight, which is designed to be resistant to ASIC mining. Monero uses several different privacy-enhancing technologies such as stealth addresses and ring signatures to obscure the identity of its users and the details of their transactions. This makes Monero a popular choice among individuals and organizations that value financial privacy.
Additionally, Monero also implements a dynamic block size, which allows for scalable and efficient transactions. Monero’s unique features and commitment to privacy have made it one of the most popular and widely used privacy-centric cryptocurrencies in the market.