Monero is a privacy-focused cryptocurrency and proof-of-work blockchain designed for private digital payments. It utilizes a peer-to-peer network and a distributed ledger to allow users to send and receive currency while hiding transaction senders, receivers, and amounts.
The system achieves financial confidentiality through the use of ring signatures for sender obfuscation and RingCT with Bulletproofs to hide transaction values. To ensure network security and decentralization, it employs a memory-hard proof-of-work algorithm optimized for general-purpose CPUs.
The project provides a full node implementation for blockchain synchronization and ledger validation, alongside a wallet application for managing private keys and generating payment addresses. It supports advanced financial capabilities including trustless atomic asset swaps, multi-signature wallet coordination, and the integration of hardware wallets.
Network connectivity includes support for SOCKS5 proxies and traffic anonymization to hide node locations. Application interaction is handled via remote procedure call interfaces for monitoring blockchain state and coordinating wallet services.
