For anonymous criminals in the Darknet, bitcoin anonymity is not enough. Selling drugs and other illegal items on the dark-spot, cryptocurrencies are certainly the preferred method of payment. However, although Bitcoin is anonymous, each transaction will be recorded in the blockchain. For those who don’t want to disclose a little information, this is not enough. There may be a choice now. AlphaBay, the world's largest online drug market, announced on Reddit last week that since September 1, the platform will support Monero, a superanonymous cryptocurrency. So, what is Monero? Monero was born in April 2014. Its name comes from Esperanto and it means money itself. First, unlike other currencies that would like to replace Bitcoin, Monero does not use Bitcoin's code but is based on the CryptoNote protocol. This agreement was first announced by Nicolas van Saberhagen in 2012. Of course, like Nakamoto, the author's name should also be a pseudonym. Monero and Bitcoin have some common features, such as mining and blockchain are the core mechanisms, but it has several major improvements that can help users remain anonymous online. Bitcoin users typically use a single wallet address and all transactions are related to it and visible to everyone. In contrast, Monero creates a unique address for each transaction and generates a private viewkey (reading key) that only the recipient and the person who obtained the key can see the complete transaction information. In theory, the government cannot spy on any information. Monero also automatically mixes a transaction with other similar-sized deals, which adds a layer of protection and makes it impossible to track from the blockchain. These selling points also made Monero since its inception in 2014 and continued to attract some attention in a low-key manner. On the day that AlphaBay announced its support for it, Monero's trading market value reached about 40 million U.S. dollars. After one day, the price rose by 200%. The trading market value also reached nearly 60 million U.S. dollars. Bitcoin's trading market value is now about 9 billion U.S. dollars. However, the privacy of Monero should not be too exaggerated. There are fewer transactions using Monero now, which means that any larger transaction will be outstanding because no comparable size deals can be confused. This should not be a good news for large drug dealers . Monero's anonymity is ideal for ordinary users of small transactions . In addition, if Monero's success on AlphaBay, will make up for its shortcomings. This is a positive cycle: the use of more people will increase the volume of transactions, thus solving the privacy problems caused by fewer users, which will further attract more users. AlphaBay also said, "We expect Monero's prices to rise. If you are an investor, you are now ready to go." However, this is not the first time that a cryptocurrency will outperform Bitcoin's secretiveness, such as Dash. Dash, formerly known as Darkcoin, was adopted by some midmarkets in 2014 and has received a lot of attention, but two years later, almost no market is using it. This also caused Monero to be questioned. After all, transferring from Bitcoin to Monero requires a lot of costs, and in addition to technical issues, there are trust issues and market fluctuations. The overnight trading value of the market rose by 2 million U.S. dollars, in addition to the fact that Monero attracted a lot of users because of its anonymity, which also indicated that the monetary value was unstable. Because it is not based on Bitcoin, Monero cannot use the bitcoin technology ecosystem, such as payment processing systems, so everything must be done from scratch. At the moment, Monero is still unable to invest in Bitcoin with caution. Want to understand how to use, can see here. Hongkong Onice Limited , https://www.ousibangvape.com