What is Monero?
Monero (XMR) is a cryptonight algorithm based alternative crypto currency. Cryptonight features an entirely new code base and is not a fork of Bitcoin. The coin is based on Proof of Work and has a block reward that varies smoothly. The difficulty retargets every block with a sixty second block target.
Monero uses Ring Signatures to conceal sender identities via mixing and it also has unlinkable transactions that is achieved using 1-time keys for each individual payments.