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Monero is a public and decentralized ledger that uses technology that enhances privacy in order to achieve anonymity of their users when carrying out transactions. The transaction addresses, amounts, balances, and transaction histories cannot be seen, verified or traced by observers. Monero’s biggest claim to fame is the privacy it can afford its users. The cryptocurrency has made it possible for everyday people to mine it without specialized hardware. It is very popular among anyone with criminal need for transactions as it is very difficult to track who is making a transaction and who is receiving one.