SaberhagenTheNameless on Nostr: It's private, fungible, and very cheap to use. A better digital *cash* Specifically, ...

It's private, fungible, and very cheap to use. A better digital *cash*

Specifically, you cannot see amounts or receivers on the Moneros blockchain. Completely hidden using "Confidential Transactions" and "Stealth Addresses". IP address is also hidden by default using "Dandelion++"
Senders are obfuscated with "Ring Signatures" (15 decoys + real spender).

After one hop from a transaction you have a less than a percent chance of guessing a spender (0.4%). After two hops (0.02%). Even if you figure out who sent a transaction somehow you won't know how much was sent or to whom. Only that they sent a Monero.