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What is Blur (BLUR)?
Blur (BLUR) - the cryptocurrency focused on privacy and anonymous transactions.
- It is a fork of the cryptocurrency Monero (XMR) and uses a proof-of-work (PoW) algorithm called CryptoNight R.
- It aims to provide a way for private and secure online transactions.
- Blur also uses a transaction routing system called "Mixnet," which helps hide transaction information by routing transactions through multiple nodes.
Key Blur (BLUR) metrics
| Precio Reciente | $0.55 |
|---|---|
Cap de Mercado | $220,020,550 |
Suministro Circulante | 423,023,600 BLUR |
Suministro Total | 3,000,000,000 |
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What is Blur (BLUR)?
Blur (BLUR) is a cryptocurrency that focuses on privacy and anonymity. It is a fork of the cryptocurrency Monero (XMR) and uses a proof-of-work (PoW) algorithm called CryptoNight R. This algorithm was specifically designed to be ASIC-resistant and to be used on CPUs and GPUs, making it more accessible to miners.
Blur (BLUR) was launched in 2018 as a fork of the cryptocurrency Monero (XMR). It aimed to provide an alternative to Monero with greater accessibility for miners and a focus on privacy and transaction anonymity.
The development team behind Blur was inspired by Monero but sought to improve its accessibility and performance for miners. Therefore, they chose the CryptoNight R proof-of-work algorithm CryptoNight R to avoid ASIC mining and promote fairer mining using CPUs and GPUs.
In the Blur network, all transactions are recorded in a public ledger, but the information is hidden through the use of signature rings and hidden addresses. Signature rings allow a transaction to be signed by multiple addresses, making it difficult to trace the source address. Hidden addresses are used to hide the recipient address.
In addition, Blur also uses a transaction routing system called "Mixnet," which helps hide transaction information by routing transactions through multiple nodes.
Blur (BLUR): What makes it different and why invest?
Blur cryptocurrency can be bought and sold on several cryptocurrency exchanges, such as TradeOgre and QBTC. It can also be mined using CPUs and GPUs.
In addition, Blur also implemented some unique features to enhance transaction privacy, such as the use of hidden addresses and signature rings to hide the identity of the sender and recipient of transactions.
Since its launch, Blur has been slowly growing and gaining a following in the cryptocurrency community that values privacy and security.
Currently, the BLUR token has a maximum cap of 360 million in circulation, with a supply of around 3 billion for an eventual 100 percent launch.
It should also be noted that this platform does not charge commissions for NFT sales, so this currency is also used as a payment method for alternative digital marketplaces.
