What public chain does Monero belong to?

Monero is a cryptocurrency built on the Monero blockchain with privacy- and anonymity-focused features: Ring signatures: The anonymous sender is hidden from all participants. Confidential Transactions: Transaction amounts are hidden and prevented from being tracked. Dynamic block size: ensures fast transaction processing. ASIC-resistant: Resistant to application-specific integrated circuits, preserving the fairness and decentralization of the network.

Monero belongs to the Monero blockchain

Monero (XMR) is developed based on the Monero blockchain A cryptocurrency. The Monero blockchain is a decentralized, open-source blockchain known for its focus on privacy and anonymity.

Features of the Monero blockchain:

• Ring signature: Using ring signature technology, the true sender of a Monero transaction is identified at all Anonymity is achieved by hiding from possible participants.
• Confidential Transactions: Monero uses confidential transactions to hide transaction amounts and prevent tracking.
• Dynamic Block Size: Monero block sizes automatically adjust based on trading activity to ensure fast and uninterrupted transaction processing.
• ASIC Resistant: Monero’s hashing algorithm Cryptonight is optimized to resist the use of Application Specific Integrated Circuits (ASICs), ensuring fairness and decentralization of the network.

Monero is the native cryptocurrency built on the Monero blockchain. It has the same privacy and anonymity properties as blockchain, making it an important choice for users who value privacy highly.

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