Monero is a privacy coin that is rapidly replacing Bitcoin on dark web marketplaces. This is because Monero is built on three core values: security, total privacy, and decentralization, enabling its users to become invisible on the Internet. With its unique features of stealth addresses and ring signatures, you can conduct any financial activity on the web without being noticed.
Due to this reason, Monero is increasingly becoming the only coin accepted on various dark web marketplaces like White House Market, Alphabay and Oasis. The coin jumped 27x in 2016 and currently sits at $175, with no signs of slowing down. Due to its popularity on dark web marketplaces, regulatory authorities like Europol and IRS have been cracking down on Monero’s use.