Monero, introduced in 2014, seeks to enable confidential and anonymous transactions. While it is believed that Bitcoin (BTC) can safeguard one's identity, it is often possible to trace payments back to their source due to the transparency of blockchains. Monero (XMR), conversely, employs advanced cryptography to obscure the identities of both senders and recipients. The Monero team emphasizes privacy and security as their primary concerns, prioritizing them over user-friendliness and efficiency. The primary objective of Monero is to offer protection to all users, regardless of their technological proficiency. In essence, XMR aims to facilitate swift and cost-effective payments while eliminating the fear of censorship.
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