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Menora coin crypto | The case for Monero. Five days after the launch of Bitmonero, a new community-led fork of Bitmonero was created and called just Monero. The technology requires a multi-layered, anonymous group signature that allows for hidden amounts, origins and destinations of transactions with reasonable efficiency. What Gives Monero Value? A ring confidential transaction is made up of two parts: One is a Multilayered Linkable Spontaneous Anonymous Group MLSAG ring signature, which obscures the amounts, origins, and destinations of transactions; the second is confidential transactions, which uses a cryptographic technique called the Pederson commitment to obscure transaction amounts. Monero uses the RandomX proof-of-work algorithm, which was developed by Monero community members to prevent application-specific integrated circuit ASIC mining equipment dominating the network hashrate. |
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