Frequently asked questions
Monero is a cryptocurrency which emphasises privacy and security. It uses a form of proof-of-work known as RandomX as a consensus mechanism. Unlike Bitcoin and Ethereum, it does not use a public blockchain which can potentially be used to deanonymize users. The way that Monero works is different — a blockchain is still used, but the specifics of every transaction are hidden.
Monero is like every other cryptocurrency, in the sense that its value is a market price, determined by supply and demand on exchanges. Monero's price is also closely tied to the broader crypto market. If the market swells up, then Monero will be buoyed by it, if the market recedes, then the opposite will happen.
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