Blokt, a cryptocurrency news portal, interviewed Justin Ehrenhofer, the Monero community workgroup organizer. The interview covered various aspects including the upcoming October 18th upgrade, the importance of privacy and the reason it was a basic human right. They also spoke about the future plans of Monero community and whether the regulatory conditions were affecting the Monero community.
Justin spoke about Monero, stating that it was a decentralized cryptocurrency which focused on privacy, fungibility, and security. He added that Monero was an open-source platform where users had complete control over their privacy and security.
In the interview, they also spoke about the privacy aspect and the reason for its importance. According to Justin, “Privacy is a basic human right”. He stated that individuals had the right to not disclose their source of funds or be tracked by a third party when they pay for goods or services. He added:
“Monero’s privacy features allows people to transact digitally without worrying about whose Monero is worth more or less than another, or whose Monero will result in their account being investigated or closed”
Justin also spoke about the reason for Monero being the leading privacy coin, stating that the coin offered more privacy in comparision to other cryptocurrencies in the market. He added that the systems on Monero did not have to worry about leaking important transaction metadata including the amount. Justin stated:
“Monero provided a substantial amount of privacy for all transactions and takes a respected approach to decision-making. It is a fair and decentralized coin like Bitcoin”
Monero will also undergo an upgrade on October 18th and Justin opined that it was a typical twice-per-year upgrade. According to him, the upgrade introduced major improvements in privacy, decentralization, security, efficiency, and scalability.
They also spoke about Monero and it’s upcoming partnerships and exciting future plans. Justin stated that ‘Mastering Monero’ was the new book which focused on introducing important topics to readers. He added:
“This is a community initiative funded through the Forum Funding System [FFS]”
Furthermore, Monero is expecting to implement Kovri later this year, which would allow users to easily hide their IP address metadata. In addition, Kasisto, a Monero point of sale payment processor is expected to reach its second beta at the end of November.
The post Monero [XMR]’s privacy promotes basic human rights, says Justin Ehrenhofer appeared first on AMBCrypto.
Source: AMBcrypto
Original Post: Monero [XMR]’s privacy promotes basic human rights, says Justin Ehrenhofer
