Monero is a cryptocurrency that focuses on privacy and anonymity. Unlike many other digital currencies, it uses advanced cryptographic techniques to ensure that transactions are untraceable and that users' identities remain hidden. This makes it appealing for those who prioritize confidentiality in their financial activities. Founded in 2014, Monero operates on a decentralized network, meaning it is not controlled by any single entity or government. It employs a unique technology called RingCT (Ring Confidential Transactions) to obscure transaction details, making it difficult for outsiders to track the flow of funds.