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Monero {XMR} community rejoices as Google publishes blog detailing the need for privacy

The main highlight of Monero is the utmost focus on privacy. Addresses belonging to senders and receivers remain hidden [with the help of Ring Signatures and Stealth Addresses], and transactions carried out aren’t visible either i.e. the chain isn’t transparent like that of Bitcoin but rather opaque.

Google had recently released a blog which talks about the growing necessity of privacy in today’s rapidly developing world. The “Privacy Sandbox” is the latest venture. The blog mentions how fingerprinting can be more dangerous than cookies, as specific identifiers are established. This will, in turn, help developers locate a particular user.

However, do note that Google advises users to accept cookies whenever possible. This contradicts their own statements. In the same document, Google mentions how funding for “publishers” is substantially reduced when one chooses to block all cookie alerts they come across.

What I don’t understand is such problems have been plaguing the World Wide Web since more than a decade. Considering the fact they’re only mentioning this now, we can comprehend the cavalier attitude of the ones in-charge at Google. hyc-symas sarcastically stated on Reddit “Because nobody deserves to get their hands on your private data besides Google” in response to this news.

On the other hand, Jimmy Nguyen [a Bitcoin SV fanatic] tweeted against BTC and XMR for being linked to transactions on the darknet. Apparently, according to the White House, more than 70,000 deaths as a result of opioid overdoses is a fault of digital currency. JP Morgan and a number of leading banks have laundered money belonging to drug kingpins for years.

Monero is once again back at #10 in the market after Stellar had overtaken it for a brief while a day ago. The price climbed at a rate of 1.82% in the course of the past 24-hours. The trading volume recorded is $111.416 million, whereas the supply has 17,174,673 XMR coins in play. The total market cap of Monero is $1.402 billion as of this moment, and XMR is presently priced at $81.67.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.