Monero is a privacy focused cryptocurrency that is not based on Bitcoin’s code. However, Monero was in the top ten but faltered over the last few weeks, losing its spot to Stratis. Monero is a fungible and untraceable digital medium of exchange. Established in 2014, it claims to have a higher degree of privacy that even Bitcoin, today’s most popular form of online banking.
Monero states that its properties include: untraceable payments, unlinkable transactions, block chain analysis resistance, and adaptive parameters. It has the fastest 1 minute block speed among all crypto notes. Today, it considers itself to be the second most successful crypto note currency in terms of market cap.