Guarda Wallet is a multicurrency non-custodial light wallet. We support the most popular coins and tokens, and Monero is one of them! It is easy to use, you don’t even need to create an account and you can feel secure since we don’t store any user’s personal data. Guarda was designed as an interface where clients can manage, store, transfer and receive coins and tokens.
Monero is a privacy-focused cryptocurrency. The crypto coin was created in 2014
by forking from Bytecoin. XMR coin is one of the very few currencies that allow users to have
complete control over their data and privacy settings. Anonymous
cryptocurrency was in demand during the time of Monero creation, so the
novelty was greeted on the market as an instant remedy to the blockchain
Monero is not controlled by any central authority. There is, however, a team of developers behind the project who crowdfunded the whole thing. Besides this team, there are more than 500 contributors to Monero from all around the world. Anyone can contribute to the development by submitting their ideas to OpenHub
As we have already told, Monero is a fork of Bytecoin. Bytecoin is the first implementation of CryptoNote protocol. Monero runs on a protocol called CryptoNote Runs Ring Signatures and Ring Confidential Transaction (RingCT). This technology is using cryptographic functions to hide the number of funds transferred. Due to this, your transactions become untraceable on the blockchain.
Ring Signature technology was proposed back in 2001. More than 10 years afterwards, Monero team decided to make this mechanism the core of how XMR transactions are being structured, The use of Ring Signatures protects both sender and receiver, as the transactions are not linkable to the addresses.To sum this paragraph up, we can say that the Monero anonymity policy definitely made great use of all the technology they decided to utilise.
Unlike many other cryptocurrencies, Monero is fungible. Basically, fungibility refers to the characteristic of equal units of currency being equal regardless of the source, usage, owner and what not. Every Monero coin is equal to another Monero coin, no matter where it comes from. Monero mining is only possible with the use of CPUs and GPUs – this also makes the coin more decentralised.
|Ticker||Genesis Date||All-Time High||Website|
|XMR||April 18, 2014||$542.33||www.getmonero.org/||twitter.com/monero|
Special cryptocurrency needs special wallets to store it in. This is possibly why Monero cryptocurrency wallets mostly specialise on XMR alone. We at Guarda have tackled this issue and created a multi-platform, multi-currency wallet offering Monero support. Guarda wallets offer secure XMR storage, fast transactions, speedy exchanges and complete non-custodial freedom for the users. You can also check our guide on how to choose a Monero wallet to get more information and criteria on the best XMR storage service provided by our team.
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