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Hello steemians! I trust you are all doing great.
Today we’ll be doing an overview of the emerging crypto coin, EXMR.
So what is EXMR?
EXMR is the official ticker for the emerging cryptocurrency, New Monero. The ticker is derived from a combination of the Ethereum and the crypto coin, Monero(XMR) upon which model the new coin is based. That is to say its concepts are adopted from Monero(XMR) while it utilities the ethereum blockchainn for its transacions.
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EXMR is a decentralized coin basedon the ethereum ecosystem. It is designed to be used for purchases of digital goods and services with cheaper transaction costs and more privacy. This way, it is hoped to meet the needs of the ever increasing number of users using the blockchain for leisure and work. In other words, EXMR aims to serve the same purpose as XMR but in a more faster and secure way.
The choiceof the ethereum blockchain for the EXMR is predicated upon its unique transaction execution model which tends to place emphasis on the state of transaction. It is also one of he safest and easy-to-use platforms.
Every good project(in the case of crytpos, every good coin) is aimed at solving anexisting problems one way or the other. This is exactly the case with EXMR. EXMR seeks to address thesecurity issues commonly associated with crypto currencies, notably the transaction charges and the privacy of users.These, it aims to solve by ensuring speed, accuracy,convenience, privacy, transparency, low fees, and security of users. The exmr also aims to help expand the possibilities of investment by encouraging users to embrace blockchain as a good and realistic tool in managing their finances.
EXMR is reputedly the world’s fastest ERC20 token with respect to block generation time and privacy control. This, it achieves by implementation of zk-SNARKS which adds value to the technology.
About zk-SNARKs
EXMR is set to revolutionalize the crypto market by unifying the best technologies on the the blockchain to achiev its ultimate aims. A major milestone on this is its adoption of zk-SNARKs. This is a crypto graphic tool enabled by the ethereum blockchain which helps provide the needed privacy essential for online businesses/transations. This feature used alongside other tools, it is hoped that EXMR would no doubt achieve its vission of being “oneof the most traded and valueable cryptocurrencies”, numbering among the first 100 coins in the coin market.
EXMR is an open source crypto currency developed by a team of experts sometime earlier in the year, precisely, October, 2017. The team is made up of the following persons:
KAMIL HAZIM – Exchange Adviser
ALBERT NANITA - Developer
ARTISH DARPEL - Project manager
BESSIE MAE - Marketing manager
KEIAN MASCARINAS - Communication manager
JAMELYN DUGENA - Bounty system controller
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