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XMRWallet.com responded to strong demand within the crypto community of Monero by releasing a new web-based portfolio.
The client-side open source portfolio provider announced the new Web browser portfolio of Tor on Reddit at the end of August.
According to the post, users can now access their Monero portfolio anonymously through the Tor network via xmrwalletdatuxds.onion . This is the first web-based XMR wallet to use Tor network anonymization technology.
The provider hopes to offer users a way to send and receive their privacy-focused coins more securely than ever before.
The new web-based portfolio can be found at. The service joins Pro Publica and Facebook. I offer an extremely secure access option available only through the highly secure Tor network.
"After long considerations and hundreds and hundreds of onion addresses generated to choose from, this was the best and easiest choice
Monero's privacy-centric technology means that he has gained considerable attention since its launch in 2014. In recent years, XMR has seen greater use within the Tor network, adding to the already formidable advantage of users almost complete privacy.
The combination of XMR with Tor adds an additional level of anonymity and reinforces Monero as a cryptocurrency of choice on the net.
A recent survey on cryptographic classification by Weiss Rating has suggested that a large number of users consider Monero the best coin in terms of privacy. According to the survey, the 65% of respondents said they preferred XMR over other currencies where privacy and security were the two main considerations [19659010] What is the best currency for privacy? #Dash #Zcash #Monero #XRM #ZEC
– Weiss Ratings (@WeissRatings) 4 September 2018 [19659007] L & # 39 The integration of XMR wallets into the Tor network was thorny, since initially Monero had not been designed with integration in the privacy browser. Users must follow a complex installation guide if they want to take advantage of the anonymity features of the Tor network.
The same problems with XMR portfolios and Tor integration have also hit the Monero GUI portfolios when they are released in 2017. The Monero User Interface (GUI) chart is a full-node wallet, which means users must download the entire blockchain, adding complexity.
However, it was hampered by the complications associated with a long and difficult installation process. Most regular users simply did not need the level of privacy offered by Tor when compared to the difficulty of configuring it.
Monero is the gold standard for privacy
The privacy features of Monero make it already one of the best cryptocurrencies preferred by users of the dark network. Dark transactions on the web have seen XMR beat Bitcoin top coin and other privacy-focused coins in this ever-growing market.
However, it also meant that the authorities focused their attention on the use of XMR, mainly because of its non-traceability. Cryptocurrencies are still largely seen as a potential vehicle for criminal activities such as money laundering and terrorist financing.
Therefore, when it comes to monitoring, countries and forces of order are more concerned about privacy-focused currencies such as Monero, Zcash and Dash.
Although privacy alone is not a crime, lack of transparency often attracts government agencies. For example, the Japanese regulators have advised against the trade in XMR and have therefore reinforced its oversight of trade.
None of this has prevented the currency from becoming the first choice as seen in the Weiss Rating survey. And according to XMRWallet.com, the new Web .onion portfolio increases the likelihood that the currency will become even more used in darknet markets.
The increased use of XMR through the Tor browser will only serve to make sure Monero continues to dominate other private currencies in the dark web market.
Popular XMR between hackers and criptojacker
Monero offers users many positive features such as irreversibility, fungibility and privacy. However, recent events have brought to light questions related to the security of the owners.
Monero derives its security from being a decentralized cryptocurrency that uses a distributed consensus system. This means that transactions are secure and immutably recorded on the blockchain. However, it is not immune to attack.
XMR continued to attract hackers who use cryptographic malware and phishing to acquire coins. The appeal stems from the private nature of the currency, which makes it difficult for anyone to monitor transactions.
These attacks were responsible for the infection of more than 200,000 routers who ended up secretly extracting XMR using proprietary hardware unaware of mine. [19659004] A similar attack earlier this month saw the Google Chrome extension for MEGA.nz attacked by a malicious code. The compromised extension was able to steal private keys and access XMR funds on the MyMonero portfolio.
In addition, in recent weeks, Changelly's cryptographic exchange has begun to hold back the funds of customers transferred to XMR if it considers them suspicious, risky and potentially fraudulent.
The Czech platform indicated the privacy and non-traceability of Monero as a reason to request KYC verification for large XMR transfers.
While Monero continues to struggle with these and other problems, none of them indicates a weakness in his blockchain. These problems risk to persist for a long time, since they derive more from the popularity of Monero than from its technology.
Monero (XMR) market performance
Monero's performance in the market largely mirrored the rest of the market for most of the year. The recent wave of negative news, including encryption attacks, Changelly and a general market crash, have caused the abandonment of XMR for 7 consecutive days.
XMR is currently trading at around $ 102 against the US dollar. Its price has dropped from a maximum of $ 140 on September 5th. Although it is among the few coins to trade in the green today, its value is down more than 22% in the last seven days.
Despite this price decline, the currency maintains a strong medium-term perspective. If market rally occurs, XMR will rely on supply zones for $ 135, $ 150 and $ 160. One downside leads to $ 104 and $ 100.
The 10th classified krypton has a rating of market of $ 1.7 billion and has an average intraday volume of approximately $ 30 million.
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