What is Monero?
Monero (XMR) is a privacy-focused cryptocurrency released in 2014 by the developer Nicolas van Saberhagen. It is an open-source protocol based on the CryptoNote application layer. Its obfuscated public ledger means anyone can send or broadcast transactions, but only participants in a transaction can tell the source, amount, or destination. A wide range of privacy features and its resistance to ASIC mining attracts a community focused on user privacy and democratic oversight, and the unclear origins of any particular coin is said to ensure the fungibility of the tokens.