Schmidt on Nostr: 5 key similarities between Monero and cash Fungibility: Like cash, each Monero unit ...
5 key similarities between Monero and cash
Fungibility:
Like cash, each Monero unit is interchangeable and indistinguishable from another, ensuring uniform value.
Anonymity:
Monero transactions provide strong privacy features, keeping sender, receiver, and transaction amounts confidential, similar to cash transactions.
Wide Acceptance (Growing):
While not as universally accepted as cash yet, Monero is increasingly being adopted by merchants and individuals who value privacy.
No Transaction Fees:
Monero transactions have minimal fees, similar to the zero-cost nature of cash exchanges.
Immediate Settlement:
Monero transactions are quickly confirmed and settled on the blockchain, providing a level of immediacy akin to cash exchanges.
Published at
2024-07-13 11:07:28Event JSON
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"content": "5 key similarities between Monero and cash\n\nFungibility: \nLike cash, each Monero unit is interchangeable and indistinguishable from another, ensuring uniform value.\n\nAnonymity: \nMonero transactions provide strong privacy features, keeping sender, receiver, and transaction amounts confidential, similar to cash transactions.\n\nWide Acceptance (Growing): \nWhile not as universally accepted as cash yet, Monero is increasingly being adopted by merchants and individuals who value privacy.\n\nNo Transaction Fees: \nMonero transactions have minimal fees, similar to the zero-cost nature of cash exchanges.\n\nImmediate Settlement: \nMonero transactions are quickly confirmed and settled on the blockchain, providing a level of immediacy akin to cash exchanges.\nhttps://image.nostr.build/90c7ca7f722e77204e4acb1fde1a896b6de57001efea4ce9e788a0a84596411e.jpg",
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