Recently, the organizer of Monero [XMR] community workgroup – Justin Ehrenhofer was interviewed by Blokt. During the interview, Ehrenhofer talked about the forthcoming October 18th upgrade, how the privacy of Monero [XMR] promotes basic human rights, and why privacy is very important.
According to Ehrenhofer, Monero [XMR] is a decentralized digital currency that focuses more on security, privacy, and fungibility. He said that the digital currency is an open source platform that gives users absolute control over their security and privacy.
Privacy Is a Basic Human Right
When asked about the privacy aspect of Monero and why it is important, Ehrenhofer said that “Privacy is a basic human right.” He said it is the fundamental right of everyone not to be tracked when making purchases or disclose their sources of income.
According to Ehrenhofer, the privacy feature of Monero lets people carry out transactions digitally without worrying about whose Monero is of more worth or whose Monero will lead to the closing down or investigation of their account.
Monero [XMR] Is The Leading Privacy-Oriented Digital Currency
Monero [XMR] is the leading privacy-oriented digital currency in the market, says Ehrenhofer. He said the reason is that Monero offers a higher level of privacy and security than other digital currencies in the market. When carrying out a transaction on the blockchain of Monero, both the amount of fund involved and the addresses involved are hidden from the public. Transactions are not traceable on Monero.
Ehrenhofer also talked about the forthcoming upgrade of Monero [XMR] which will take place on the 18th of this month. He said the upgrade will come with a lot of key improvements in efficiency, decentralization, privacy, scalability, and security.
Monero (XMR) Price Today – XMR / USD
At the time of writing, Monero [XMR] is changing hands at $102 after a decrease of less than one percent over the past twenty-four hours. The current market cap of the digital currency is $1.69 billion and its trading volume over the past twenty-four hours is $16.13 million.