Monero Classic Price(XMC)

At its core, Monero Classic is an open-source cryptocurrency that aims to uphold the original characteristics of the Monero blockchain that was altered through a hard fork. Classified as a privacy coin, Monero Classic exploits advanced cryptographic techniques to ensure transaction confidentiality, making it particularly attractive to users who prioritise anonymity.

Unlike traditional cryptocurrencies such as Bitcoin, where transaction details are publicly accessible, Monero Classic actively encrypts transaction data, shielding the amounts, sender, and receiver from prying eyes. The objective of this project transcends mere privacy; it aspires to create a scalable and efficient cryptocurrency solution that caters to the needs of its users.

The decision to diverge from the mainstream Monero blockchain stems from a disagreement within the community. Monero's core developers undertook updates that rendered the blockchain ASIC-resistant, which prompted a segment of the community to pursue an alternative route that welcomes ASIC mining. Thus, Monero Classic was born, paving the way for a new chapter in the realm of digital currencies.