The Monero (XMR) network focuses on privacy and censorship-proof transactions. Unlike Bitcoin and many other blockchains, transactions are not viewable on the network. By this, Monero means that the transactions cannot be traced and are therefore traceable.
Monero makes the transactions untraceable by using CryptoNote protocol technology. This keeps the wallet veins of both the sender and receiver hidden. In addition, amounts transferred on the network are also kept hidden. Like most blockchains, the monero network is decentralized and operates with the consensus Proof-of-Work (PoW) algorithm.
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The Vault is a safe alternative to the traditional crypto wallet for those who want to buy, sell and swap their coins on Anycoin Direct. Within the Vault you can store all your digital assets and swap them against one another. Still want to send crypto to an external wallet like your Ledger? No problem, the Vault is an additional feature. The choice is yours.
Balances in the Anycoin Vault, are kept in a foundation. This foundation has only one purpose, to preserve our customer funds. This construction ensures that customers are entitled to compensation in the unlikely event of Anycoin Direct's bankruptcy. In addition, we want to reiterate that we always want to give customers a choice between using the Anycoin Vault and sending coins to an external wallet.
It is unknown who the founders of Monero are, though there is a whole team of developers behind the network. Many developers have chosen to remain anonymous just like the creators of the network. After all, this is what the network also stands for.
The first publication of the network took place in 2012 when the CryptoNote white paper came online by developer Nicolas van Saberhagen whose real name has remained anonymous. In the year 2014, the Monero project launched itself and later other developers joined the team.
Monero's XMR coin, like many other cryptocurrencies, can be used for transactions. But unlike other cryptocurrencies, these transactions take place even more anonymously. It can also serve as storage and means of payment. XMR cannot be discontinued because it works through Proof-of-Work (PoW).
On Anycoin Direct's platform, you can easily store your XMR in the Anycoin Vault. You are the only one who has access to this Vault after you activate it on your personal dashboard. In the vault, you can easily buy and store Monero. On our website, you can also easily buy Monero and send it to your personal wallet.