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What Is Monero?

Monero is an open-source cryptocurrency project with better security and privacy than most virtual currencies. It’s designed to give everyone the power to control their finances without government and financial agency oversight. The cryptographical techniques adopted ensures that a spy has zero knowledge of your transactions.

Who created Monero?

Monero is largely a community project with no single individual behind it. Over 240 specialists, consisting of developers and marketers came together and breathed life into it. However, around 30 developers are known. Anyone can contribute to this network by either donating their skills or capital.

Monero doesn’t have a base in any country. Therefore, it could prove hard to shut it down or restrict it from operating in a certain country. However, you shouldn’t be so sure about this as China and South Korea have already proved that any cryptocurrency can be disbanded from operating in certain jurisdictions. China officially banned ICOs from running a couple of months ago.

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