Privacy in an open society requires anonymous transaction systems. Until now, cash has been the primary such system. An anonymous transaction system is not a secret transaction system.

An anonymous transaction system empowers individuals to reveal their identity when desired and only when desired; this is the essence of privacy.

Cryptocurrencies were basically developed to protect the financial privacy of individuals and businesses.  Innovative mechanisms, which focuses on facilitating privacy, encryption, and security to its users are evolving.  Privacy mechanisms are positive attributes for privacy lovers, but they also bring about questions related to privacy compliance.

There are well-known and identified deficiencies in financial privacy mechanisms.  Different privacy coins make use of privacy, encryption and security.  The AML regulation of privacy coins has different approaches in different nations.  Privacy coins in reality protect legitimate individuals and commercial privacy interests and the already existing financial regulations sufficiently address the AML issues which the privacy coins present.

Monero has the most obvious application for privacy in a decentralized network.  Several decentralized projects like Tor, i2p, Freenet, and many others have been around before the coming of Bitcoin. Now, Monero will be representing the best privacy effort for cryptocurrencies.  It is very obvious that Monero is going to battle enough to sustain privacy.

Monero (XMR) and the Darknet Giant

White House Market, the Darknet Giant recently expressed that it will be henceforth supporting only Monero payments as they dropped support for Bitcoin. And, now they are only using Monero.

One of the observers stated that Monero will be the only Dinosaur to survive long after all the other PoW Dinosaurs have become extinct, and that Monero has great utility. XMR has proved that it is the die-hard coin of all. Many of them still continue to point to how Monero will not be going away and also that BTC and ETH flourished due to First-mover advantage.

Some of them are very firm in their view that Governments do not have and will never have the capabilities to fight cryptography by citing an example: Torrenting: 0 funding media and entertainment industry; largest Gov. Lobby in America; fight results: overwhelming asymmetrical defeat.

Monero is definitely the sound money in a safe mode.  For those who missed the information, Bulletproofs+, a zero-knowledge proving system which ensures Monero transactions in a way to be lighter faster to verify and smaller is already ready for security audit. With Monero, Money continues to be confidential, grassroots, open source, dedicated to privacy and freedom.