On 12 August 2022 the number of transactions in Monero network reaches 25% of transactions in Bitcoin network. Monero hard fork makes hackers’ favorite coin even more private.
Monero’s latest network update further boosts transaction source and privacy on an already uncracked system, making it a real challenge for deciphering efforts.
Monero beats Bitcoin on privacy, fungibility, transaction fees, and mining algorithm. Bitcoin beats Monero when it comes to transaction speed, scalability, network effect, supply, and price. Therefore, it’s hard to pick a clear winner when comparing these two crypto assets.
After the update on August 13, the number of users has increased significantly, which indicates a great potential for growth and trust in the anonymity of the coin.
They want your traces 😉
And because Monero already does not use a traditional public ledger, but has several keys like “view keys” to see transactions published on the blockchain, tracing funds from one address to another is already a near impossible task.
Binance supported Monero and will soon open a withdrawal of funds from its platform.
Analysts consider Monero a promising token that should take off in the next 2-3 weeks