5 ways to Monero in the fight against the Coronavirus will help

Bitcoin is great, but it is the safest Option for Covid-19? We examine why Monero in this unprecedented Situation, the superior crypto could be currency.

Health experts have speculated that the blocking of the Coronavirus could take up to six months, which raises for the foreseeable future, a shadow of uncertainty on financial, fiscal and state policies.

Some in the crypto-community will buy as much Bitcoin and crypto-systems, as they can, against the possibility of a recession hedge.

But what if your Bitcoin is as safe as you think? Here are five reasons to start now with the purchase of Monero to.

Monero surpasses Bitcoin since the beginning of 2020

If we look at the percentage increases in the first four months of the year 2020, we can see that Monero, as well as some of the other coins for the protection of privacy, Bitcoin has exceeded shows that the protection of privacy in the case of transactions for those who invest in crypto-currencies, gaining more and more importance.

The data also show that Monero increases since the crash of crypto-currency in mid-March, its dominance on the percentage of Bitcoin has maintained a Trend that is likely to continue in the longer term, of great importance could be.

Bitcoin Creator could have Monero invented

New research has provided some compelling evidence that Satoshi Nakamoto was also the leading force behind Monero, a revelation that could be if true, the currency is TRANS-formative, by legitimizing it as a major player in the crypto space, and contextualized.

One of the criticisms of Bitcoin comes from one of the Strengths in which it is rooted – the Distributed Ledger. Transactions can be traced, what creates trust, but also of the authorities can be exploited to make the owner of the wallet down. Although this is difficult, this is possible and is something that wanted to bring Satoshi maybe in his second crypto-currency project in order, claims the research.

The speculation comes from Moneros white paper, which was written under a nickname such as Bitcoin – in this case, the author Monero Nicolas van Saberhagen was. The writing analysis claims that a Similarity between Saberhagen and Satoshi’s writing to have, the style, and Monero to some of the areas where Bitcoin came in his white paper, short, corrected.

Monero updated in spite of the Virus more

Monero has recently updated its Carbon Chameleon Software, in spite of the current climate and circumstances.

The Upgrade is mainly focused on the execution of transactions, as well as on the improvement of its data protection protocols, with Tor and the I2P network.

Monero provides a way to transfer money completely anonymously, and the continued Upgrades will inspire the owners certainly have more confidence. As some governments around the world to take draconian, and more measures, such as Hungary, it might not be the worst idea to keep the money safe and beyond the reach of the government.

Monero, the crypto currency of choice for Criminals

Although none of us approves of the actions of Criminals, speaks to the fact that this currency was used in the past by those who want to escape the attention of certain authorities, volumes about how successful Monero preserves the privacy.

This shows that privacy must work protocols of the currency; to see how the authorities try, the identities behind the transactions to uncover, is one of the best ways to test the technology.

A Tweet of the infamous technology developer John McAfee shows that he believes that the criminal involvement is good for the development of the coin.

McAfee claims that Criminals be friends with, historically, faster with new technology than the authorities, and Monero is not an exception, by quoting the Criminal, the phones faster than the police have adopted.

A broader introduction can be facilitated by those who wish to have a greater financial independence from the government and the company.

Monero could put Google and Facebook to an end

In the meantime, we all have a basic understanding of how Google and Facebook earn money, isn’t it?

Do you use Cookies, to track your purchases, and the purchase then use the data to target Ads specifically to you. Imagine, all our purchases were made with Monero. They wouldn’t be traceable, which would put the targeted advertisements to an end, and Google and Facebook force you to find new ways to monetize their services, or you would run the risk of completely collapsing.

Some argue with the difficulties that the governments had been in the collection of taxes and the securing of their revenue, if we were to use all of the Monero, the other would go quickly to the huge tax evasion by the super and the poetic justice point, the this would mean for the ordinary people, who have no choice when it comes to the payment of taxes.

Whatever happens, Monero could play a role, when this crisis developed and when the traditional markets prove to be unsafe place for the storage of wealth.