What is Monero? XMR Explained with Animations
In this video, we explain how the privacy-based cryptocurrency Monero works. You'll learn how Monero hides transactions through ring signatures and why it is even needed in a blockchain ecosystem.
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Without privacy crypto cannot be truly decentralized.
@wg4024
2 жыл бұрын
How so?
@SrChalice
2 жыл бұрын
@@wg4024 What kind of question is that? Why are you people so clueless on a simple thing as privacy, sovereignty and self autonomy. Has the educational systems failed you this much dude? You need to understand what fiat currency is, why it WAS backed by gold, why they got off the gold standard and who is benefiting from us no longer being on the gold standard, what is Jekyll island and why did the titanic ACTUALLY CRASHED. You have a lot of homework to do. Good LUCK!
@wg4024
2 жыл бұрын
@@SrChalice LMAOO you’re clearly some Monero maxi. What an ironic comment. Let me address all your points 1 by 1 so you don’t miss anything. 1. A legitimate question. Decentralization means there is no central authority. Power is distributed and there is no single point of failure. Any definition I’ve ever read never mentions privacy, hence why I ask. 2. You people? Lol idk who you think is out against you and your little Monero. And yes I love when clowns like you make assumptions that someone is clueless about things because I don’t share the same view as you. 3. I’m 100% sure I made better use of the educational system than you did. How about you go uploads some gaming videos to your 60 subs instead of try to assert yourself as some kind of intellectual alpha 4. I don’t give a single shit about Jekyll Island or why you think the Titanic sank. You sound like a little conspiracy theorist 😂😂
@privateger
2 жыл бұрын
@@wg4024 Yeah, I don't know what that other guy is on, but here goes: Monero mining is decentralized because of the nature of CPU mining and the fact that you cannot identify people that have mined it. This is important for countries like China, which are restricting cryptocurrency. If everyone was on a public ledger, correlation would be quite simple pull off and result in prosecution of the people that aren't allowed to use crypto.
@wg4024
2 жыл бұрын
@@privateger i see. So if I understand you correctly, you are saying that we can’t achieve true decentralization if only people where crypto is not banned can participate but others are exempt from participating because their countries don’t allow if? I can see where this argument is coming from but why should we let a country banning crypto be the decider that true decentralization is unachievable? As long as the power isn’t in the hands of a hand full, I feel like it shouldn’t matter if 4 or 5 countries can’t participate. It can still be decentralized amongst those that do have the option to participate
A very compelling coin and underrated and under appreciated
@Haha-ky9eu
2 жыл бұрын
@yourface0707 are we?
Thank you for covering Monero. It really sand for privacy, the most important thing in crypto, that people actually should care a lot more about
@alanlanzoni8854
2 жыл бұрын
Pplo don't know what they need, until they need it
@jasoncharles8651
2 жыл бұрын
@@alanlanzoni8854 fuckin exactly right!
@victor696900
2 жыл бұрын
I never considered Bitcoin I just can't find myself ever trusting it. One of the main reasons is I don't understand the mining hardware but I do know the best ones are made in china and for all I know it could be salami slicing the bitcoins being mined
@user-jb8vm3yv3n
2 жыл бұрын
Thank you for subscribing,
@user-jb8vm3yv3n
2 жыл бұрын
For more information hit me 👆👆👆
I love Monero concept, full anonymity!
Love XMR!!! The reason why I got into crypto in the first place. Once I started learning/researching the history of money Monero was something I could totally get into. Great channel with excellent videos. There's a similar "whiteboard" channel that is also good but I'm liking this one more. Not too long, but not too short either! Makes things very understandable. Keep up the great work!
@WhiteboardCrypto
2 жыл бұрын
This feedback means a ton :D Finematics is good, but he definitely creates longer, slower videos at a much slower upload pace. His 'weaknesses' are what we are trying to double down on, even though he inspired us!
@vladthemagnificent9052
2 жыл бұрын
Yet another good slogan for Monero: The reason you got into crypto in the first place :)
@anndyroo4724
2 жыл бұрын
@@vladthemagnificent9052 drugs
@vladthemagnificent9052
2 жыл бұрын
@@anndyroo4724 I didn’t mean that but haha
@AntoninusPius17
Жыл бұрын
Does DCENT store Xmr? Because other name comes up. Oxmonero
The first crypto I learned about was Monero and I absolutely loved it! Really glad you made this video, I'm surprised this channel doesn't have more subs since you make it so easy to understand crypto, it's a matter of time until it blows up!
@pinedbywhiteboardcrypto6125
2 жыл бұрын
Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information
@keylanoslokj1806
Жыл бұрын
Can't exchange fiat with it without going through the fiat mainstream system though... .
What I love about this channel is the way the guy who creates these videos just gets it about crypto; both the how AND why.
I do really love this channel, thanks for this amazing content man!!
@user-fm4of1ul3s
2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button +¹⁹⁸⁵²³⁵²⁸²⁶ What'sapp me For more info===+++
Wow, well done. This covers Monero quite well.
Thank you, have been watching your channel for couple of weeks ago and it's really make sense and it really help me through..
@amelialily9892
2 жыл бұрын
I recommended a professional broker to you guys sometime ago,can i get person who invested with her Comment below...
@elizabethava2438
2 жыл бұрын
Hello thanks for introducing her to us i actually did the trade with a loan from my friend and now with the profits i payed up and now am happy and comfortable
@Christopher-fd4ge
2 жыл бұрын
Who made profits for you, am really looking for a pro who can manage my account and make me huge profits
@faithbremen8376
2 жыл бұрын
@Kimberly Williams She's expert Mrs Cynthia Donald of the best and trustworthy broker ever
@miaaria6778
2 жыл бұрын
@@marktimothy9607 Haha you don't have to be surprised Mrs Cynthia is really good and everyone loves genuine services, she've helped me recover what I lost trying to trade on my own
monero is the real decentralization, peoples currency, Satoshi knows that, he wrote codes in monero, knows monero have privacy
@pomp4401
Жыл бұрын
hahaha what a pure lie
Your videos are consistently informative.
Im really astonished with the quality of this channel... Congrats, guys. Big fan here!!!
Last week, Warren Buffett talked in BBC news about how investors and traders can make millions through Crypto. He also recommended an expert Mrs Katherine Stellar. Wondering if any viewers here are familiar with her services?
@oliviasandra2985
2 жыл бұрын
Yes I'm conversant with this trader, She's an experienced and unique trader, I have a friend who's investing with her for some time now
@anabelmartin4216
2 жыл бұрын
Investing or trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor their trades.... I will advice you to stop trading on your own it’s very risky. Seek advice of a professional trader.
@edwardrowland6566
2 жыл бұрын
I'm so delighted for the services of Mrs Katherine Stellar , I never knew forex trading could be so Promising turning me into a millionaire . pumps or dumps still earn $28,000 weekly on trade
@frontloader9489
4 ай бұрын
That old tosssser also said crypto was worthless
@kuryaku5906
2 ай бұрын
This is a scam
Thanks for making these animated videos, it helps fill in some of the many blanks I have.
That was great and easy to absorb information, thanks.
Great video, thank you WC!
This channel is f. incredible. Thanks you for the hard work. This is for the algorithm.
Very pedagogical explanation
I started off as a web3 writer and got discouraged. Then, I stumbled on your channel. Now, I read on the web, whitepapers and come back here to cap it all. Because your channel is the best. Tbh.
Brilliant 👍 complete analysis thanks 👌
Thanks for the super informative content. I am sharing this channel with everyone who is into crypto
Great informative content!
your channel is awesome congrats !
Thank you for the sharing video
So informative man! I have some Monero and I just learned some new things which I didn't know before 🙏. Keep up the great videos! I like how you present them.
@pinedbywhiteboardcrypto6125
2 жыл бұрын
Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information..
@user-jb8vm3yv3n
2 жыл бұрын
Thank you for Subscribing For more information hit me 👆👆👆
That was a great presentation. Honest, verifiable & simple! Exactly what the crypto community needs. I hope this channel continues it’s mission & is successful. I haven’t contributed any financial support as of this writing because of the classic concern of safety, security & privacy. But once I am confident in the use of the trident tool of digital assets, I will. I’m just sayin..
Excellent explanation.
i mine monero using my phone, maybe not the best thing to do but it is my best option atm, this explaination helped a lot to fill gaps, thanks
@NoAlias_
2 жыл бұрын
Is that even worth? Im Running 24/7 a ryzen3600 and the hash rate is to slow for my liking
@woori1264
2 жыл бұрын
@@NoAlias_ uhhhh... so yeah, i kinda stopped that coz i was getting nowhere😬😬😬
thank you for this video 😌
Thanks for the video
Cool. This video lets someone with attention span as low as mine to get a basic understanding of the features of Monero
@user-ol9vq7gp8w
2 жыл бұрын
THANKS FOR WATCHING. FOR CRYPTO GUIDANCE & INVESTMENT SEND A MESSAGE RIGHT AWAY 𝖜𝖍𝖆𝖙𝖘𝖆𝖕☝️☝️☝️
Woho!! looks so cool!!
best explanation! bro. This is how it should be.. more power to people!
Monero is the most important crypto.
Video idea - review of prominent hacks/thefts in crypto and the cautionary tales they tell. Keep it up!
@WhiteboardCrypto
2 жыл бұрын
it always amazes me the video ideas you guys come up with, this is a great one :D
interesting information about Monero, I learned a lot, good project
Great video!
@pinedbywhiteboardcrypto6125
2 жыл бұрын
Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information.
Love your videos! Subscribed! One piece of constructive feedback, though. At the time of publishing the video, it was known in the crypto world that IRS offers a huge bounty to anyone who could crack Monero. This is information that, imo, should probably be added to the video in some shape or form.
@johnmoga3668
Жыл бұрын
ruling power shitting bricks because their financial system is going to be destroyed by Monero
@thisandthatfacts843
Жыл бұрын
Also, if I'm not mistaken was Ricardo, Fluffy Pony, and did he cave in when captured
I enjoyed this video so much
Thanks brotha
Very interesting
The way I've always seen the concept of cryptocurrency is that the government should be using something like Bitcoin, so citizens can view a public ledger at any time that shows what their taxes are spent on, while the public themselves are using something like Monero that's more akin to digital cash. You would convert your private XMR to public BTC to pay taxes and then you could view all the transactions and see how every cent adds up and is used. It would make it much easier to keep the people in government in check and keep them from becoming the self-serving criminal organization we have running amuck today.
nice one thanks
Amazing video Do ExLocker next. ExLocker protects funds from rugs and team abuse
@pinedbywhiteboardcrypto6125
2 жыл бұрын
Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information..
Perfect like always!! but I think you should get political because one of the first reasons cryptocurrencies emerged, is to confront the governments and stupid tax laws
@pinedbywhiteboardcrypto6125
2 жыл бұрын
Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information..
Bitcoin is the sketch, Monero is the masterpiece.
I love your videos and all ready subscribed. Please make a video of unus sed Leo i want to understanding more 🙏🏻
I love monero!
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN😞.. I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.. CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
@hasansaidi8684
2 жыл бұрын
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade.. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader
@brianwilliams5146
2 жыл бұрын
That's true most people today have been having a lot of failure in Forex and crypto sector because of poor orientation and bad experts
@brianwilliams5146
2 жыл бұрын
Expert Ms Ashley Bailey has the best strategies in trading
@dennisneol3318
2 жыл бұрын
Wow I'm just shock you mentioned and recommended Expert Mrs Ashley I thought I'm the only trading with her
@freemanharris401
2 жыл бұрын
You don't need to be shock because I'm also a huge beneficiary of expert Mrs Ashley
Good video.
Monero has everything that crypto coins should have. Privacy and true decentralization..I don't get why people haven't caught onto this coin yet. I guess people just want what's hyped (Bitcoin) and not what has actual good use cases (XMR and XRP)
second comment for support KZread algorithm 👏
Love it Monero xmr
@pinedbywhiteboardcrypto6125
2 жыл бұрын
Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information
good vid
You sound like Seth from seth's bike hacks. @bearpeak :) Thanks for the info!
The “build back better” BS should make Monero worth a lot more. 😂
Few minor errors but all in all pretty good.
Please do a video on COSMOS...
Key is in kyc or non kyc exchanges. Btc decentralization and privacy stops once you open kyc account. We might as well just hand all the crypto to the banks
You explained the idea behind Monero and all the jargon so lucidly! I am proud of myself for recommending your channel to my friends, can't wait for your reviews of Avalanche and NEAR Protocol next :)
@6months757
2 жыл бұрын
Thanks~~~~
One major issue with Monero is the XMRig Brute Force attacks. Where people try to hack others just to spawn a XMRig farm to mine for them anonymously
MOnero will be linked to Cosmos blockchain wich is decentralized exchange..
@pinedbywhiteboardcrypto6125
2 жыл бұрын
Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information.
Are you considering doing a video on ARR?
Do you also have the channel practical psychology?
Great video!. It would be nice to compare monero also with other privacy oriented cryptos like Dash, Verge, Zcash, etc.
@6months757
2 жыл бұрын
Thanks~~~~
3:30 this definition of fungibility leaves a lot to be desired
Really enjoyed your content and like the idea of Monero. Monero is only private when doing transaction in itself correct? If it possible to bridge a new cryptocurrency to transact on Monero?
@pinedbywhiteboardcrypto6125
2 жыл бұрын
Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information
@swox3669
2 жыл бұрын
One of the old lead developers broke off from Monero to create his own version of Ethereum with a more private blockchain, however I think with the exception of the lightning network there are no layer 2 privacy alternatives for any of the major coins.
cool
🙌🙌
@user-ol9vq7gp8w
2 жыл бұрын
THANKS FOR WATCHING. FOR CRYPTO GUIDANCE & INVESTMENT SEND A MESSAGE RIGHT AWAY 𝖜𝖍𝖆𝖙𝖘𝖆𝖕☝️👌☝️
Canada recently presented a great use case.
Amazing video! I use XMR a lot for WHM purchases and mostly found it due to it being required. I think buying monero legally isn't too dangerous as long as you use your own wallet as a middleman and never ever pay other people straight from exchanges
@save_g
2 жыл бұрын
lmao
@alex-c1337
2 жыл бұрын
mate u sure u wanna specify where u use ur monero?
@calebbritannia6283
2 жыл бұрын
@@alex-c1337 Yeah =D WHM the best market
@twl148
2 жыл бұрын
nigga really admitted to be a frequent black market customer in youtube comments
@alex-c1337
2 жыл бұрын
@@twl148 and we admitted to knowing exactly which market he talks about
I love xmr
@user-ol9vq7gp8w
2 жыл бұрын
THANKS FOR WATCHING. FOR CRYPTO GUIDANCE & INVESTMENT SEND A MESSAGE RIGHT AWAY 𝖜𝖍𝖆𝖙𝖘𝖆𝖕☝️
can you do Harmony one?
Absolutely incredible! The single most comprehensive video on Monero. Hope more to come in the future. Keep up the great work.
@6months757
2 жыл бұрын
Thanks~~~~
lol loved the idea of Monero …got beat up day trading it back when it was $42 a coin …
OBRA MAESTRA
Is the idea of a USD-pegged private stablecoin possible? I would totally invest in a project like that.
My fav. Coin
will be huge
@pinedbywhiteboardcrypto6125
2 жыл бұрын
Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information.
Beautiful video. I've been part of the crypto world for nearly a year and aside from Bitcoin I really only have vague ideas of how the coins work. Still don't fully understand it, but atleast I'm not racking my brain for an hour trying to untangle a horrifically dense paper.
@pinedbywhiteboardcrypto6125
2 жыл бұрын
Thanks for commenting, don’t forget to hit the subscribe button and notification bell 🔔 plus ①=⑧=⓪=④=③=⑨=⑥=③=①=③=⑤ what’sapp📩📩 for more information.
Monero can be printed physically (in theory), with the private keys inside the coin and the "view" key on the outside. This allows you to see the value of the coin on the outside, while breaking the coin allows you to spend it however you like.
@xedsity
Жыл бұрын
Is it worth buying because the price seems to tell me it will never hit 1k?
@FHBStudio
Жыл бұрын
@@xedsity I have no idea, since I'm not into crypto whatsoever besides looking at it as a technology over just as a currency. I'm hoping it will be, it looks to be a good currency.
@xedsity
Жыл бұрын
@@FHBStudio Then how do you invest Stocks?
@FHBStudio
Жыл бұрын
@@xedsity I do not. I'm not good with money.
@xedsity
Жыл бұрын
@@FHBStudio Thats really interesting because I would assume everyone who watches these kind of videos and is interested in this industry would invest 🤷♂️
Do you expect the price of monero to go up?
I would've appreciated if the video mentioned if monero is capable of smart contracts
@Greg-lg3cp
6 ай бұрын
I don't believe it is
@Greg-lg3cp
6 ай бұрын
It's the private version of BTC. DERO is a smart contract crypto that is private
Which coin or token like monero?
you need to make more crypto videos
@user-fm4of1ul3s
2 жыл бұрын
Thanks for commenting don't forget to hit the subscribe button +¹⁹⁸⁵²³⁵²⁸²⁶ What'sapp me For more info===+++
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America..
@justinhudson6561
29 күн бұрын
That's awesome
@justinhudson6561
29 күн бұрын
Which source/platform did you use to earn such huge sum of money?
@justinhudson6561
29 күн бұрын
As I know it's possible, I'd appreciate it if you showed me how to do it.
@leonardorossi9097
29 күн бұрын
It was with the help of Cassandra Roberts i am who i am today
@leonardorossi9097
29 күн бұрын
I know I'm blessed if not I wouldn't have met someone who is as spectacular as Mrs Cassandra Roberts
Monero has all the time in the world. It’s here to last. No one can touch it
KZreadr: “people like you” Me: Holdup.
Hi. Can I translate this video to Russian and publish it on my channel?
Can you make a video that shows some of the top coins that have great potential but still worth penny's right now?
@MILLonIGSavedmylife
2 жыл бұрын
Thanks to 👆🏼👆🏼mill he saved my life , I started mining with a little amount and now I got back $57k . So reliable ... beware of scammers ❌❌❌
Mining monero right now on my laptop! Only making $0.6 a month tho lol
the one thing that really gets me is the monero mining. its pure genius. bitcoin mining is its weak point., still think its great. but its just an undeniable weak point. it does great things for the energy industry so will have a huge constituency there, so im still really pro bitcoin for the world. but it 'could' become more centralized over time.
Can you make a video about Raptoreum? :)
monero is fair, private and everybody has a fair competition depending on how hard you invest into mining or buying shares.
Ppl who have money should buy monero
Bro I don't know I have gut feeling it is too good to be true. Is it really that good.
3:41 I like how he uses 5 dollar bills to explain the value of 1 dollar. That’s inflation kids🙃
You back tracked all your comments in the last minute
Monero 😊