Satoshi had a vision for the future that was marked by personal security and anonymity. These two variables are what shaped the blockchain and cryptocurrency industry and they are what make cryptocurrencies more secure than fiat money. Typically, fiat banks don’t provide users with the kind of security and anonymity that cryptocurrencies do. They don’t hide users from the gaze of prying eyes. When you give out your information to a traditional bank, you’d expect that that bank keeps your information safe and secure. Unfortunately, not just one bank will have access to your personal information but every other branch of that bank can access it along with other banks. For this reason, financial confidentiality became elusive.
The Birth Of Cryptocurrencies And The Birth Of Monero
When cryptocurrencies were developed, they were developed with the aim of providing users with the kind of confidentiality that regular financial institutions do not offer. Unfortunately, the leading cryptocurrencies like Bitcoin, Ethereum and Litecoin have failed to offer the level of confidentiality that is worthy of the title. They do not offer absolute anonymity and so they open users to the risk of public exposure. Monero, on the other hand, gives users 100% confidentiality thus eliminating the risk of exposure.
Monero (XMR) Price Today – XMR / USD
All transactions on with the Monero (XMR) token are absolutely anonymous. Users have the choice to either expose their key or hide it. It will suffice to say that Monero provides the kind of personal security that Satoshi, the creator of Bitcoin, envisioned for cryptocurrencies.
Monero (XMR) Is Here To Stay
A cryptocurrency apocalypse is on the horizon. When it is complete, many cryptocurrencies will fail. Only a few will stand and Monero (XMR) is one of those few. With the cryptocurrency industry moving on a roller-coaster ride, many experts are afraid that the young industry is reaching its end. While a bubble burst is imminent, Monero is going to survive it. No matter how long the bears dominate the market, Monero has proven that it is here to stay.