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Monero (XMR) is a decentralized cryptocurrency that focuses on privacy and security. Launched in 2014, it utilizes ring signatures, stealth addresses, and confidential transactions to ensure untraceability and fungibility of its transactions. Unlike Bitcoin, Monero aims to provide complete anonymity by obfuscating the sender, receiver, and transaction amounts. This is achieved through its use of ring signatures, which mix a user's transaction with a group of others, making it virtually impossible to determine the true sender. Monero's privacy features have made it a popular choice for those seeking financial privacy and censorship resistance. Its fungibility also ensures that every coin is equal in value and can be used interchangeably, without any transaction history affecting its worth. Monero's commitment to privacy has positioned it as one of the leading cryptocurrencies in the market.
