Monero
Monero (XMR) is an open-source cryptocurrencyA cryptocurrency (or crypto currency) is a digital asset des... More created in April 2014 that focuses on privacy, decentralization, and scalability. Unlike many cryptocurrencies that are derivatives of BitcoinThe term "Bitcoin" can either refer to Bitcoin the network, ... More, Monero is based on the CryptoNote protocol and possesses significant algorithmic differences relating to blockchainA blockchain is a shared digital ledger, or a continually up... More obfuscation. Monero experienced rapid growth in market capitalization (from US$5M to US$185M) and transaction volume during the year 2016, partly due to adoption by major darknet market AlphaBay at the end of Summer 2016.
Note: These are non-technical definitions meant for a general audience and should not be used as legal definition