Crypto enthusiasts might know by now that Bitcoin has been long criticized for being an outdated project.
It’s pretty obvious that at the moment the blockchain technology is moving into another era and OurBitcoinNews says that it’s now time that we take a look at another essential factor these days –fungibility.
As you know by now, BTC transactions are not private and due to the transparency of the chain, anyone from across the globe can become a whale watcher.
A person could also keep track of the nefarious users in the market but the complications arise due to the lack of fungibility.
The online magazine mentioned above notes “A huge percentage of drug deals, underground-ammunition purchases are made possible with the help of Bitcoin. This taints the coins used to carry out transactions of such nature.”
They continue and say: “This is exactly why projects like Monero, Dash, GRIN, and ZCash matter.”
Monero and privacy
The online publication continues and explains more detailed the case of Monero.
This project revolves around an essential element- privacy is the key that is able to ensure anonymity and preserve the principles of Satoshi Nakamoto.
“Addresses belonging to senders, receivers and even details related to the transfer of funds remain hidden,” they write.
Monero’s Riccardo Spagni has addressed this crucial subject regarding the privacy and its importance to crypto enthusiasts not too long ago.
The truth is that Monero was able to gain more recognition this year and more investors came to the c0nclusion that it’s one of the best investment options and this is due to the strong privacy features that the coin flaunts.
New Monero report is out
AltcoinBuzz released a report involving the project which addresses the most important issues related to it: updates, releases, partnerships, price factors, past, and upcoming events, and more.
After defining Monero, the online publication listed the upcoming events and more important details.