Bout that time again to go over a few things on security. First off what is Monero? Simply put, monero is a crypto currency that rose to fame as a more anonymous form of payments across the dark net markets. Previously it remained popular only amongst those as there were no good mobile wallets or desktop wallets. With Monero you didnt need to worry about tumbling coins.
Monero is the leading cryptocurrency with a focus on private and censorship-resistant transactions.
Most existing cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains, meaning that transactions are openly verifiable and traceable by anyone in the world. Furthermore, sending and receiving addresses for these transactions may potentially be linkable to a person’s real-world identity.
Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts.
Monero transactions are confidential and untraceable.
Every Monero transaction, by default, obfuscates sending and receiving addresses as well as transacted amounts. This always-on privacy means that every Monero user’s activity enhances the privacy of all other users, unlike selectively transparent cryptocurrencies (e.g. Z-Cash).
Monero is fungible. By virtue of obfuscation, Monero cannot become tainted through participation in previous transactions. This means Monero will always be accepted without the risk of censorship.
The Kovri Project, currently in development, will route and encrypt transactions via I2P Invisible Internet Project nodes. This will obfuscate a transactor’s IP address and provide further protection against network monitoring.
Now with the current governments looking harder at bitcoin and wanting to tax and trace wallets the best time to start switching over is now. There are more easier to use wallets that are secure and actually look better then most bitcoin wallets on Windows.
You can search the downloads from the site for the wallets here:
Now how would you get monero?
For now the easiest way is you can purchase bitcoin as you normally do and use shapeshift.io to send Monero to your wallet. When you need to cash back out you should transfer back into bitcoin (I send direct to my exchange wallet from Shapeshift over Tor).
Certain payment processors have already added monero as a payment solution. For VPNs, NordVPN already takes monero as payment. But if you use a mobile wallet like Monerujo (monerujo.io) you have the option to pay bitcoin addresses directly from your monero wallet without having to use a separate site like shapeshift.
Im hoping we can see more @Source start accepting Monero as payments to ensure better security for themselves and the members. In addition, its a better way to hold funds if you dont them traced for some time.