Bitcoin is synonymous with cryptocurrency but there are other like Ethereum whose price shot up 10 times last year. A little known once-obscure cryptocurrency called Monero outpaced all of them, multiplying its value around 27-fold. The source of that explosive growth seems to be Monero’s unique privacy properties that go well beyond the decentralization that makes Bitcoin so resistant to control by governments and banks. It’s instead designed to be far more private: fully anonymous, and virtually untraceable. Today each Monero is worth around $12, compared with just 50 cents at the beginning of last year, and the collective value of all Monero has grown to close to $165 million
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