Monero To Launch Monero Malware Response Workgroup Website. Monero (XMR) is an open-source cryptocurrency created in April 2014. It uses an obfuscated public ledger i.e, anybody can broadcast or send transactions, but no outside observer can tell the source, amount or destination. On Sept. 26th Monero announced that it will be launching a new website to help combat illicit mining of its cryptocurrency.
This is done in order to control and take necessary corrective actions that the currency has encountered. A Lot of privacy-related issues and also other troubles that include a spike in illicit cryptocurrency mining targeting Monero and other coins. The recent bug that lets hackers “Burn” exchange wallets and making the accounts unusable.
To control the cryptocurrency mining malware a self-organized set of volunteers are in need who provide tools and resources necessary for protection against crypto-jackers and other malware. This made Monero (XMR), to launch a new website the Monero Malware Response Workgroup a sanctioned resource for protecting oneself against “unwanted in-browser mining, system mining, and ransomware”
Company contributor Justin Ehrenhofer explains why the company launched the site in Monero’s blog entry: “While the vast majority of users take advantage of these features for good, some attackers use Monero to earn money from machines without users’ consent. They may run miners on web pages that activate without a user’s consent.”
In search of equilibrium:
Monero To Launch Monero Malware Response Workgroup Website. After all these proceedings privacy should be the central feature of Monero. Transactions in Monero are untraceable via ring signatures which hide transaction details on the network. This feature provides a greater privacy experience but indirectly masking criminal activities.
Monero wants to educate its user base on the presence and the effects of illicit mining. They didn’t want to restrict mining of Monero to physical miners instead of its software program Cognitive.
According to Ehrenhofer’s post, the website explains the basic principles of Monero for users who may not know what mining. Also, it explains cryptocurrency mining. Secondly, the site hosts resources explaining how to stop illicit in-browser, system, and ransomware mining. This is by identifying and removing malicious software.
Says Ehrenhofer: “The website is purposefully approachable to absolute newcomers so that anyone can understand, though it offers actionable information that novices and experts alike can follow.”