Introduction:
Monero is a cryptocurrency that enables private transactions. That means the sender, receiver, and transaction amount are not publicly viewable, unlike what happens in Bitcoin´s blockchain.
Its transactions stay private using the technology of ring signatures, ringCT, stealth addresses, and I2P routing.
This makes Monero the best cryptocurrency for privacy and to be used in the “darknet”. Its value is expected to rise steady with the crypto market.
COIN RATING: 8
Monero is simply the best currency for anonymous transactions.
Its biggest problem is being implemented in such a way that it is difficult to have a more user friendly wallet other than the current ones.
Also, because it is associated with the “darknet”, governments can be tempted to go after it. They will never be able to shut it down, but may discourage most investors to invest in it and therefore lower its price.
Relative Network Value: 9
Monero is a PoW mineable coin. Its distribution is to those who mined and spent electricity on it. Fair and square.
It is the main currency of the “darknet” and the only coin that is 100% anonymous.
Like the pirate bay, governments may go after it. But due to its usefulness to many people seeking to trade outside of government laws I believe it to be one of the strongest networks.
Potential Growth: 7
Monero is serving its target audience - people who want anonymity are using it already. There could be a bigger growth in the future but Monero has a problem of not being user friendly, so it is vulnerable to new competitors that solve the same problem.
At the moment it will rise along with the crypto market.
Relative Development Value: 8
Monero is developed mostly by pseudo-anonymous individuals. The work done by them has been solid in the past years. It is in my opinion one of the best projects in the field.
Partnerships 6
Very little partnerships other than privacy concerned organizations. The value proposition of Monero makes it so that it is risky to associate yourself with it.
However, it is traded in most exchanges so it is relatively simple to purchase Monero. No direct fiat purchase available yet so its price is pegged to Bitcoin.
Utility 10
Since the Snowden episode and its aftermath, privacy is one of the most discussed topics in Tech & Business. And people are willing to pay for that.
Monero is by far the best cryptocurrency in terms of privacy.
It is the currency of the darkweb so that says allot.
TL;DR Monero is the currency of the darkweb. Governments can’t shut it down much less than they can shut down Bitcoin. Its value is expected to rise along with the crypto market.
Sources
https://getmonero.org/resources/research-lab/
https://getmonero.org/resources/roadmap/
https://getmonero.org/resources/moneropedia/
https://www.reddit.com/r/Monero/
https://www.monero.how/
