Redefining Money for the Digital Age: The New Monetary Properties of Cryptocurrency

libereco.xyz

Redefining Money for the Digital Age: The New Monetary Properties of Cryptocurrency

libereco.xyz

rottenwheel@lemmy.cafeM to

Monero@lemmy.cafeEnglish · 4 months ago

Take a deep dive into the question of what makes good money in the digital age, and whether cryptocurrencies meet those properties.

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Monero can’t be hacked to steal your funds, due to the power of distributed consensus. This means that you are responsible for your own money, and don’t have to trust any entity to keep it safe for you.

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The power of the blockchain usually increases security at the cost of privacy, but with Monero’s sophisticated privacy-centric technology, you get all of the security benefits of the blockchain without any of the privacy trade-offs.

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