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Gate Square New & Returning Creator Rewards are ongoing!
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Monero (XMR) has been on a completely different path from mainstream cryptocurrencies since its inception in April 2014. Unlike coins derived from Bitcoin, XMR uses the CryptoNote protocol — which has unique algorithmic innovations in blockchain privacy obfuscation.
Most interestingly, this code is designed to be so clean and modular that even Bitcoin core maintainer Wladimir J. van der Laan has praised it. Monero's goal is very clear: to create a truly untraceable digital currency.
Compared to Bitcoin and its various forks, Monero offers a higher level of anonymity. If privacy matters to you, XMR's difficulty to trace transactions indeed provides a unique advantage. This is also why Monero has maintained its position in the privacy coin sector.