Monero is a privacy-focused cryptocurrency first developed in 2014. It has gained popularity among users who wish to remain completely anonymous. Monero utilizes innovative technical features such as ring signatures and stealth addresses to protect the identity of individuals on its network. Ring signatures blend together an individual user’s account keys with public keys from the blockchain, resulting in a range of possible signers. This prevents anyone analyzing the blockchain from discovering the identity of the parties in a given transaction.