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Zain Raza
May 13, 2020
by Zain Raza

Monero Records All Time High Transactions Count

Monero
While privacy coins like Monero continue to divide opinions it is obvious that they have a place in the crypto space. They differ to bitcoin and Ethereum as when it comes to maintaining the anonymity of a transaction, it comes out on top. For some crypto users, privacy is probably the most important feature and this is why the popularity of currencies like Monero is growing.

Does anyone else see the insanity of virtually all of crypto being tied to the value of Bitcoin?

Why for example, should Monero, whose value is its Privacy, be tied in any way to a coin that has ZERO privacy -- Bitcoin?

In the last week, Monero recorded its all-time high transactions in a day. According to Bitinforcharts, on April 30,9,389 transactions were made on the network. These numbers are even higher than the crypto la-la land in 2017 where it was around the 7,200 marks.

The supreme level of anonymity doesn't hide the prospect of counting the daily transaction.  The record number has been possible because the network of the cryptocurrency has been idyllic of late. It has kept growing ever since its launch and it seems like it is peaking right now.

The all-time high figures clearly display the growing amount of faith people who value privacy have in Monero. For many, Monero is everything Satoshi Nakamoto wanted bitcoin to be and there were even rumours that it was launched by the same man who launched bitcoin. Bitcoin recovering from black Thursday a while ago and now the privacy coin recording its ATH, clearly suggests they both can exist and has its own set of fans in the cryptocurrency world.

Privacy of Monero Has a Dark Side And it is Not All Sunshine And Rainbows.

According to various reports it has been proven in the past that Monero is the go-to coin for dark web users. Given how almost impossible it is to track Monero, people use it in illicit activities like money laundering and scams.

Similarly, an Altcoin named Monero (XMR) went on to become one of the most loved crypto cash of the residents of the Dark Web. https://t.co/jYDC7uY1Qx #Monero #Cryptocurrency #MoneroCryptocurrency #MoneroExchange #CryptoCurrencyExchange pic.twitter.com/XQcfidKHTV

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    Monero Records All Time High Transactions Count
    Zain Raza
    Zain is a fervid fan of bitcoin and has been meticulously covering the field for a fair amount of time now. An aficionado of Spider man, Liverpool and Slim Shady.

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