The Monero (XMR) and Tutanota tie up; Is this enough of a boost to surpass Bitcoin (BTC)?
Monero (XMR), an open-source cryptocurrency, tweeted yesterday that Tutanota, an open-source comprehensive encrypted mail service, is now accepting donations from them. “Tutanota now accepts #Monero for donations,” said the Monero tweet.
Monero is known for being secured, private and untraceable. It is a contemporary of Bitcoin (BTC) and is often compared to the same. In this recent positive turn of event for Monero, let’s have a look at the two top cryptocurrencies and analyze if Monero is actually surpassing Bitcoin in the cryptocurrency market.
What are the factors that are making Monero a superior?
According to Coin Market Cap, Monero is currently in the 13th position and Bitcoin is still in the #1 position. Yet the very characteristics that build Monero, push it ahead of Bitcoin.
SEE ALSO: Monero, Stellar, Ethereum, EOS and Tether : Technical analysis and price prediction
Privacy and Security
Monero upholds privacy as one of their top priority. Every output is its individual one time address with no choice about it. On the contrary, Bitcoin doesn’t permit reuse. Monero’s end-to-end privacy doesn’t permit anyone to view the balance only by looking at the blockchain. The fact that Monero’s transactions can’t be tracked makes it even more popular among its users, by gaining their trust and ensuring that they will keep the transactions private.
The fact that its transactions are never revealed whereas Bitcoin publicly exposes the addresses of the senders and receivers, makes Monero known for being end-to-end secured.
Cost and time consumption
Bitcoin demands transaction cost that is way more than that of Monero. Also, unlike Bitcoin, Monero reportedly has much faster transactions. The reason behind this is a higher number of users access it at a time.
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