Monero is a decentralized cryptocurrency known for its anonymity and untraceability. It is a currency that places a strong emphasis on security, with an official slogan of “secure, private, untraceable.” It is known to have been forked from Bytecoin (BCN).

Unlike other coins, it provides strong anonymity through a mining algorithm called CryptoNight, developed by the Cryptonote project. Cryptonote implements ring signatures, a system that prevents others from identifying the parties involved in a transaction.

Coin Features

1. Monero implements anonymity using three methods: ring signatures, one-time keys (stealth addresses), and RingCT. Ring signatures mix the sender's payment key with publicly accessible keys on the blockchain, creating a ring of potential users' keys, making it impossible for outsiders to pinpoint the transaction's sender. Since all users visible in the ring are plausible participants in the transaction, outsiders cannot single out the actual sender. Additionally, a one-time address is generated for each transaction, accessible only to the sender, so even the recipient cannot trace who sent the coins. While protecting the sender's identity, RingCT technology also ensures the transaction amount remains confidential.

2. Monero's official supply is set at 18,400,000 XMR, but the total issuance is not limited thereafter. Once the total supply is reached, 0.3 XMR will be issued every 2 minutes (per block) under the name "tail emission." This system exists to provide people with an additional incentive to maintain the blockchain beyond fees, even after mining rewards have ended.

Core Values

(Keywords: Anonymity, Convenience)

1. Anonymity: Monero's transactions are private by default through ring signatures and one-time addresses. For transactions that need to be disclosed or audited, the view key feature allows selective disclosure of transaction information.

2. Convenience: You can use My Monero to run Monero directly in your web browser without any installation, or install Monero to access more services and features.

The best Monero wallet should balance both security and ease of use.

With a Monero wallet, you can not only securely store and manage (token name), but also freely conduct cross-chain transactions, participate in DeFi protocols, and interact with DApps.

Monero wallet provides real-time transaction tracking, open-source and transparent security mechanisms, and a smooth experience on the Monero network, giving you complete control over your crypto assets.

1. Download wallet: Visit the OneKey official website and download the OneKey App for macOS, Windows, iOS, or Android.

2. Create wallet: Open the App, select "Create New Wallet" or "Connect Hardware Wallet".

3. Backup wallet: Safely write down the recovery phrase and store it offline. We never upload or save your recovery phrase.

4. Deposit Monero: Copy the wallet address and transfer Monero from an exchange or another wallet.

All private keys are generated and stored offline on the device, giving you complete control over your assets.

1. Send Monero: Enter the Monero address and amount, then confirm the signature in the App. The transaction will be broadcast to the blockchain immediately after completion.

2. Receive Monero: Click "Receive" to get the wallet address, share it with the sender, and you can view the balance in real-time in the App after receiving the tokens.

3. Manage assets: Track transaction history, access DeFi protocols, or perform cross-chain operations in the Monero wallet, all in one App.