Dark net site AlphaBay has announced it will support new digital currency Monero, which promises that it is "more secure" than blockchain. Built using the CryptoNote protocol, Monero can be mined and has blockchain mechanics at its core, but unlike other digital currencies, it creates unique addresses for every transaction, with only the receiver given access to a private view-key. Monero also automatically "mixes" coins, making transactions difficult to separate. However, the small amount of Monero users mean any large payments will "stick out like a sore thumb."
Dark net site AlphaBay has announced it will support new digital currency Monero, which promises that it is "more secure" than Bitcoin. Built using the CryptoNote protocol, Monero can be mined and has blockchain mechanics at its core, but unlike other digital currencies, it creates unique addresses for every transaction, with only the receiver given access to a private view-key. Monero also automatically "mixes" coins, making transactions difficult to separate. However, the small amount of Monero users mean any large payments will "stick out like a sore thumb."