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30 lines
1.6 KiB
Markdown
30 lines
1.6 KiB
Markdown
# The Monero circuit
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**Monero** [[1]](https://www.getmonero.org/) is decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the **blockchain** [[2]](https://en.wikipedia.org/wiki/Blockchain). Third-parties do not need to be trusted to keep your **Monero** [[3]](https://en.wikipedia.org/wiki/Monero_(cryptocurrency)) safe. Monero is *totally* untraceable.
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Let's do some considerations before start with a deep dive into this network. First of all **M** is its logotype, simple is the concurrency of the Machine, what we start to explain in the last chapter. But does it can be converted into classical money? Yes for sure here it is the exchange graphic:
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But it's possible to simply go to a cash dispenser and get euro? Yes it is.
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Remember that to get cash from this **ATM** [[4]](https://en.wikipedia.org/wiki/Automated_teller_machine) normally you have to change XMP to LTC, then use a bitcoin debit card and go to the machine to get normal currency money. So people beside this system, people who work in the synthetic telepathy network gain money in various different ways, doing what is called normally an *articulated economic fraud*:
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### External Links
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1. https://www.getmonero.org/
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2. https://en.wikipedia.org/wiki/Blockchain
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3. https://en.wikipedia.org/wiki/Monero_(cryptocurrency)
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4. https://en.wikipedia.org/wiki/Automated_teller_machine
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