By Ethan Quattrone

Monero Creation
Monero is a cryptocurrency which focuses on privacy and
decentralization. It was created on the 22nd of July, 2014 by
Nicolas Van Saberhagen. Monero uses a public ledger,
meaning anyone can broadcast or send transaction but no
outside observer will be able to tell the source amount or
location.
 How Safe Is Monero
Monero is decentralized which means it is secure digital cash
operated by a network of uses. Transactions are confirmed
and immediately recorded on the Blockchain. Although
Monero may seem safe, unlike bitcoin it is untraceable. So you
need to be careful when trading or mining Monero.
Advantages and Disadvantages
Advantages Disadvantages
You can have complete control. Not much hardware compatibility of Monero
wallets.

All deals are fungible.
Transactions can’t be linked.
There can be multiple keys.
43% of the cryptocurrency belongs to just three
mining pools which means it might not be as
popular.
Friendliness may not be much compared to
Bitcoin and therefore, acceptance rate is lower.
___

Cheap - $64.67 ___

Cannot trace a transaction. ___

 How Much Is Monero Worth
Monero is worth $64.67 for one Monero.  With the current
supply, Monero market cap is $1,096,419,059.
 How successful is Monero
Monero started off really slow but after a successful update,
they became more popular. In this update, they fixed a bug
which users could enable fake deposits which scammed
people. Now there hasn’t been any problems reported which
is making Monero more and more popular.
 Has Monero Been On The News
Monero has not been on the news as cryptocurrencies such as
bitcoin and Ethereum are a lot more popular which means
they are focused on more them rather than the smaller
company of Monero.
 Would You Choose Monero?
Monero would be a good choice but if I was to buy a
cryptocurrency, I would first research about the
cryptocurrency but bitcoin would be one of my choices as I
know about it and it is the most popular. Bitcoin is well known
which means it will be easier to sell on.
 Will Monero Survive in the
Marketplace?
Monero is currently at one of it’s highest prices ($70), which I
believe means it is growing in popularity. Its highest price is
$73 which is low compared to other cryptocurrencies. I
believe Monero will survive in the Marketplace and has the
potential to be one of the biggest cryptocurrencies.
 References
CoinSwitch: Live Monero Price, CryptoCompare.
https://coinswitch.co/coins/monero
Oracle Times: Monero Upgrade Was Successful, Andreas Townsend, March 10th 2019.
https://oracletimes.com/monero-upgrade-was-successful-xmr-has-improved-asic-resis
tance-privacy-and-security
/
BitDegree: The complete guide to Monero Cryptocurrancy, Ray King, May 6th 2019.
https://www.bitdegree.org/tutorials/monero/
Kahoot!