Daily news about bitcoin and cryptocurrencies

Monero XMR - On the rise due to market darknet adoption?

Monero XMR - On the rise due to market darknet adoption?

The price of Monero (XMR) pumped in the last week, from 2.5$ to 5$. The cause are big announcements from the Darknet. First of all, SIGAINT, a darknet mail provider, launched a Tor Monero node, followed by Oasis, a darknet market place, who started to accept Monero and last but not least, Alphabay, the leader and largest darknet marketplace, started the integration of Monero currency on his market platform.

Why Monero?

Monero was created in April 2014 and his primary focus is the privacy. Based on the concept od PoW (proof of work), the main features are:

  • Untraceable payments
  • Unlinkable transactions
  • Blockchain analysis resistance
  • Adaptive parameters

Unlike Bitcoin, Monero implement the Ring signatures algorithm to spread coins between users providing high anonimity. The ring signature algorithm allows you to send money to another user, without the need of revealing your identity. You are inside a ring (group) and you can sign a message on behalf of that group. The receiver is unable to identify which one of the ring signed the transaction.

This high level of anonimity is perfect for the darknet and for the deepweb market.

Monero XMR - On the rise due to market darknet adoption?

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Top 10 crypto currencies profit in 2016 - best performance

Top 10 crypto currencies profit in 2016 - best performance

What are the most profitable crypto currency? We found an interesting thread on BitcoinTalk, resuming the best performance during the year 2016. 

Here the top 10 of crypto currency based on the year performance:

  1. Monero         2916,30%
  2. PotCoin          2737,29%
  3. NAV Coin  2384,27%
  4. NEM         2320,90%
  5. SysCoin        1777,48%
  6. I/O Coin 1327,55%
  7. Siacoin        1282,70%
  8. GameCredits  1269,17%
  9. ShadowCash  1079,00%
  10. Viacoin          839,97%

What about the other important crypto currencyes? We found Ethereum with an awesome +747,53% profit and Bitcoin with a +121,23% during 2016.

Monero is becoming more popular thanks to its anonimity and usage on the deepweb.

What will happen in 2017? During the first days we saw a bull trap with the BTC price increasing and suddenly dumping about 200$. Now BTC seems to be stable at 900-920$ and we must wait the 20 january: Trump president and Megaupload 2.0. Infact, KingDotCom announced bug surprise for Bitcoin during the 2017..  let's wait! Keep calm and don't panic!

 

Top 10 crypto currencies profit in 2016 - best performance

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