Monero Classic (XMC)

Monero Classic (XMC) is a decentralized, peer-to-peer crypto currency designed for privacy, security and anonymity. Initially forked from Monero, XMC was created by a dedicated team of crypto enthusiasts who wished to preserve Monero’s original codebase and further develop the project. Monero Classic is an open-source, privacy-oriented digital currency designed for use in the larger cryptocurrency ecosystem. The coin was founded by an anonymous developer known as Smooth in April 2018. It is an updated version of Monero (XMR) and has advertised itself as a “true original” and “return to the fundamentals” of decentralized digital currency. What makes Monero Classic unique is its focus on privacy and security. Transactions made with XMC are untraceable due to the CryptoNote protocol and ring signature technology which obscures both the addresses and amounts of the sender and recipient. Additionally, ring confidential transactions (RingCT) further hides transaction amounts and help comply with the latest anti-money laundering (AML) and know-your-customer (KYC) regulations. Monero Classic is widely used as a medium of exchange, both online and in physical stores. It can be used to purchase goods, pay bills, and even donate to charities. It can also be used as a form of investment to increase or hedge one’s portfolio with a high level of privacy. XMC can be bought and sold on a range of exchanges, including Bittrex, Cryptopia, YoBit and The Rock Trading Exchange. One can also purchase the coin through instant exchanges such as ShapeShift, Changelly and CoinSwitch. XMC can be stored on either a hardware wallet or specialized cryptocurrency wallet. Overall, Monero Classic offers a high level of privacy and security whilst also giving users a versatile coin to make purchases and invest in. With the backing of its ever growing community, XMC is sure to remain a key player in the cryptocurrency industry for years to come. COMMENTS Monero Classic (XMC) is a privacy-focused cryptocurrency similar to Monero. It was forked from the original implementation of Monero and improved upon since then. It uses the Cryptonight protocol and Ring Signatures to provide anonymity and security of transactions. It is used as a medium of exchange in both online and physical stores and is listed on a range of exchanges. It is also a form of investment to hedge one’s portfolio with a high degree of privacy.