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Monero was born in April 2014 with a purpose: to provide an alternative focused absolutely on privacy and that was not based (like many others) on the bitcoin code.
This has made it an increasingly attractive alternative in various areas, but above all in a disturbing one: that of cybercrime.
Initially, it was created with the name of Bitmonero, but soon it adapted its current denomination. Monero means currency in the Esperanto language (international language created in 1887).
Monero was related to cybercrime and the supermarket of illegal Internet products. For this reason, it is the cryptocurrency that was most revalued in 2016.
In June 2017, AlphaBay (dark network) was intervened and closed by security forces. Despite this, the price of Monero has skyrocketed in 2017, revalued over 18 times its value since the beginning of the year. That is, its value has gone from 15 to 350 dollars in 2017.
Monero’s privacy and anonymity are also useful in other areas. As we have seen, the cryptocurrency has recovered and has different characteristics compared to other digital currencies.
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