Where do I get Monero?
Buying Monero can be done at global cryptocurrency exchanges or can be bought of individuals or brokers. Alternatively you can mine Monero.
Why is my wallet taking long to sync?
When running the full node locally, but you’ll need to copy the entire blockchain to your computer. This a very time consuming process taking hours upon hours, especially if you’re using an old hard disk or slow internet connection. If you use the remote node, it can still take a couple of hours. You’ll have to wait this process out. If you want to speed up this process you might consider using a lightweight wallet.
Is Monero anonymous?
It’s not possible to guarantee full anonymity. Your anonymity relies on other people using Monero as well. Not everyone uses Monero, and it might still have some bugs. Even if this is not the case and everyone would have used Monero there might be a way to infer some information through Monero’s privacy layers.
The history of Monero.
Monero was launched in 2014. In April that year they pre-announced launch of the CryptoNote code. At that time there was no premine or instamine, and no portion of the block reward would go to the developers. The founder of Monero proposed some changes that the community disagreed with. The project had to fork the project and a new Core Team started further development.
Monero improved a lot ever since it’s launch. The Core Team migrated a new intelligent database structure providing great efficiency and flexibility. Minimum ring signature sizes where implemented to make transaction private by mandate. Also RingCT was implemented to hide the amounts of transactions. The implementation of these improvements, improved security and privacy, or facilitated use of Monero. Monero will continue development with the goal of great privacy and secured as main goal, followed by efficiency and ease of use.
With Monero being more than just a technology. It emphasizes what technology stands for. The most important philosophies are listed down below.
Monero wants users to be able to trust their transactions. Without the stress and risk of error. Monero doesn’t withhold block reward meaning that miners get the full block reward. Who are the driven engine behind this cryptocurrency, providing security. All the transactions are cryptographically secure using the best encryption tools available today.
Monero is taking the privacy of their users very seriously. Monero as a company should be able to protect their users in potential trials at the court. This level of privacy should count for every Monero user whether you’re interested in the technology or don’t know how Monero works at all. Users should confidently trust the technology in such a way it doesn’t interfere with their spending habits.