Masari is a decentralized, open-source cryptocurrency that focuses on privacy and security. It was launched in September 2017 as a fork of the Monero blockchain, aiming to offer enhanced privacy features and improved scalability.
Masari utilizes the CryptoNote protocol, similar to Monero, which provides robust privacy features such as ring signatures, stealth addresses, and confidential transactions. These features help to obscure transaction details, making it difficult to trace or identify the parties involved.
In terms of security, Masari uses the Proof-of-Work (PoW) algorithm for consensus, which allows miners to contribute computational power to secure the network, validate transactions, and prevent fraudulent activities.
Masari's development team is actively involved in improving the protocol and implementing new features. They focus on maintaining privacy, scalability, and usability while maintaining a high level of security. The team aims to continuously upgrade and optimize the Masari network to address any vulnerabilities.
While the adoption and popularity of Masari are not as high as some other cryptocurrencies, it maintains an active community that supports its development and usage. It is traded on various cryptocurrency exchanges and can be stored in compatible wallets.
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