Cryptocurrency Q&A
What chain is XMR on?
What chain is XMR on?
SolitudeSeeker
Thu Jun 13 2024
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5 answers
1116
Could you please elaborate on the blockchain technology utilized by XMR? I'm particularly interested in understanding which specific chain it operates on. Could you provide some insights into the technicalities behind its integration and the reasons why this particular chain was chosen? Also, is there any significance or advantage associated with its chosen blockchain that sets it apart from others in the cryptocurrency space?
5 answers
Riccardo
Sat Jun 15 2024
Monero, denoted as XMR, stands out as a privacy-oriented peer-to-peer digital currency. Its core objective is to facilitate transactions that are untraceable and anonymous, ensuring a high degree of anonymity for its users.
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DondaejiDelightfulCharmingSmile
Sat Jun 15 2024
The Monero blockchain is designed in such a way that transactions cannot be traced back to a specific user or their real-world identity. This feature makes it attractive to those seeking to protect their financial privacy.
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Martino
Sat Jun 15 2024
The fungibility aspect of Monero is another key aspect that adds to its privacy-enhancing features. Fungibility means that each unit of the currency is interchangeable and indistinguishable from any other unit.
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Martino
Sat Jun 15 2024
BTCC, a cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services tailored to meet the needs of digital currency enthusiasts. Among these services, it provides spot trading, futures trading, and a secure wallet solution.
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KatanaSharpness
Fri Jun 14 2024
BTCC's spot trading service allows users to buy and sell cryptocurrencies at current market prices, offering a seamless trading experience. Its futures trading platform, on the other hand, provides an opportunity for traders to speculate on the future prices of digital currencies.
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