Questions tagged [monero]

Sara Wed May 22 2024 | 5 answers 972

Could you please elaborate on the reasons why Monero is considered untraceable? I'm particularly interested in understanding the technological advancements that contribute to its anonymity features. Could you also discuss how Monero's privacy-enhancing mechanisms work and why they are effective in concealing transactions? Additionally, are there any potential limitations or vulnerabilities that could affect its untraceability? Thank you for your insights.

Riccardo Wed May 22 2024 | 6 answers 1147

I'm curious, could you please elaborate on the question of how long it takes to acquire 1 Monero? I've heard Monero is a privacy-oriented cryptocurrency, but I'm not entirely sure about its mining or trading process. Is it primarily mined like Bitcoin, or can it be purchased on exchanges? If mining is the primary method, what kind of hardware and hashing power would be required? And if it's traded, what's the typical time frame for accumulating 1 Monero based on market fluctuations and trading strategies? Could you also share any insights on the current Monero market trends and potential for future growth? Thank you in advance for your insightful response.

Alessandro Wed May 22 2024 | 5 answers 857

Could you elaborate on the use of Monero by criminal elements? Is it a popular choice among those engaging in illegal activities, and if so, why? What are the specific features of Monero that make it attractive to criminals? Additionally, are there any measures being taken to combat the use of Monero for criminal purposes, and how effective are these measures? It would be interesting to hear your insights on this topic.

CryptoAce Wed May 22 2024 | 5 answers 840

Could you please elaborate on the claim that Monero is 100% untraceable? Given the advancements in blockchain analysis and the complexities of digital currencies, is it really feasible for Monero transactions to be completely anonymous and untraceable? Are there any inherent limitations or vulnerabilities in the Monero protocol that might compromise its anonymity features? Additionally, how does Monero's privacy protection mechanism compare to other privacy-focused cryptocurrencies? I'm interested in understanding the nuances and practicalities of Monero's purported anonymity.

Alessandra Wed May 22 2024 | 5 answers 1130

I'm just wondering, why isn't Monero listed on Binance? It's a popular and respected privacy-focused cryptocurrency. Is there a specific reason why Binance hasn't included it in their exchange? Could it be due to regulatory concerns or technical challenges? Or is it simply a matter of Binance's selection criteria? I'm just curious to know what's behind this apparent exclusion. It seems like Monero could be a great addition to Binance's offering, so I'm really puzzled as to why it's not there.