Monero is a cryptocurrency that focuses on privacy. Using the ring signature technology- a type of digital signature that can be performed by any member of a group of users that each have keys. A group of cryptographic signatures contains at least one real participant, but without any opportunity to tell which in the group is the real one as all signatures appear valid. Monero is ‘secure, private and untraceable’.
Monero protects privacy in three ways for all transactions on the network:
At fourth place with $138 million in market cap, Monero is mostly used by individuals wishing to remain incognito on the web.