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this post was submitted on 13 Mar 2025
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Monero
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 2 years ago
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It does not have to be like Monero to give you a similar level of privacy.
It has 2 pools. One anonmous, one open. By such, big coorperations & governments can get AI to crunch numbers, and use the open pool to deanonymise the private pool. This is by no means comparable to XMR. XMR is private by default.
The combinations are close to infinite. It would take enormous resources to get even close to likelihood of identifying correlations.
For the average person it is more than enough privacy. Given the other benefits of BCH it is just the better choice for mass adoption. There will always be a niche use case for Monero but it cannot serve as the world's money, IMO.