this post was submitted on 13 May 2024
13 points (78.3% liked)
Monero
1653 readers
24 users here now
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It makes the privacy coin ecosystem more decentralized and unstoppable. If we have a DEX where they can all be easily swapped instantly then they become interchangeable.
If we have a whole bunch of private coins with roughly the same amount of users each then attacking one or two of them makes no sense because people will just hop over to another one.