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Monero, launched in April 2014, is a unique digital currency that prioritizes anonymity and is built upon the cryptonote protocol. Unlike Bitcoin, where transactions are transparent and traceable, Monero introduces a paradigm shift by ensuring that every transaction remains completely private and untraceable. Its name, derived from the Esperanto word for "coin," reflects its intention of serving as a universal currency with privacy as its cornerstone.

The Privacy Features of Monero

Monero distinguishes itself from other cryptocurrencies primarily through its advanced privacy features. Using sophisticated cryptographic techniques, Monero obscures transaction details such as the amount sent, the sender, and the recipient. Two notable technologies enable these features: