Cryptocurrencies are a dime a dozen (or two dozen) these days. With more popping up every day, and others flopping, it can be hard to keep track of them all. But there’s one that’s been getting a lot of attention lately, especially from those who value privacy and enjoy memes. It’s called Wownero, and it’s a cryptocurrency that’s all about giving users what they want and what they need.
Dogecoin which is known as the first meme coin was released as a joke December 6, 2013, and its name was derived from the famous DOGE internet meme that became popular earlier in 2013. A simple search for “meme coins” will result in a long list of cryptocurrencies claiming to be a meme coin. Although most of these meme coins are actually crypto tokens and not crypto coins by definition. Meaning these cryptocurrencies are running on either the Ethereum network or another network and not on their own individual blockchains. When searching these meme tokens you will discover most of them actually have no relation to memes at all. A few are merely riding on the Doge-tails of Dogecoin, inferring that these tokens are a part of the DOGE ecosystem. A meme token based on the original meme coin named after a meme. Confused? Well to simplify the idea, these tokens are the crypto version of a poser. The once upon a time “fun and friendly Internet currency” community of Dogecoin has recently re-established itself in 2021 according to dogecoin.com. This action brought several high profile celebrities to influence and pump DOGE.
Wownero was created on Easter Sunday/April Fool’s Day 2018 by a ragtag team of developers with a sense of humor that were fed up with the way other cryptocurrencies and “meme coins” were being run. With a branding designed by one of the world’s most talented artist
Wownero is built on a fork of the Monero protocol, which is known for its strong privacy features. Wownero is more than just another fork of Monero, it has its own genesis block, creating a new, possibly improved privacy centric blockchain that’s also open-sourced. Transactions on the Wownero network are completely untraceable, meaning that users can send and receive funds without having to worry about their identity or amounts sent and received being revealed. The Wownero transaction fee is around 1/1000 of a single WOW.
But Wownero isn’t just about privacy. The team behind the coin is also passionate about memes and the art community. In fact, they’ve even created their own meme based website, suchwow.xyz. This website is built for submitting Wownero based memes for others to laugh at and each meme can receive a tip in WOW. As of this writing there are over 6,500 memes and 50,000 Wownero paid out in tips. This is an impressive statistic other meme coins will never achieve.
Wownero is a Doge-inspired, CPU-mineable, solo-mining only, privacy-respecting meme coin. It was fairly launched on April Fools’ Day in 2018. It is a software fork of Monero, but with a lite version of RandomX, larger ring size, and a fixed supply of 184 million coins emitted over 50 years. Wownero has no trusted setup, premine, or dev tax. Besides betting on online snail racing, the main use case of Wownero is micro-tipping meme creators with sound magic internet money. As a 100% community-driven, free and open source software, Wownero does not depend on billionaire shills or lame ass “influencers.”
Unlike Opposing Projects.
Wownero is based on the CryptoNote protocol and uses a number of innovative features to provide users with a high degree of privacy. For starters, it uses a unique POW cryptography algorithm called “Random-WOW” which is designed to make it very difficult to trace transactions. In addition, Wownero was first to deploy bulletproofs; it also employs ring signatures and stealth addresses to further obfuscate the identities of its users.
While Wownero may not be as well-known as some of the other Privacy coins, it has a lot to offer users who are looking for a high degree of privacy and security. In addition, its support for memes makes it a fun and unique option for those who want to show their support for the currency.
When launched in April 2018, Wownero was unique in a few different ways. For one, it was a Proof of Work (PoW) cryptocurrency that could be mined with CPUs and GPUs, rather than just ASICs. Currently Wownero is solo-mining only making it 51% attack resistant. This made it more accessible to average users and helped to keep mining decentralized. Secondly, it implemented the CryptoNote protocol which improves upon Bitcoin’s privacy features. This means that transaction amounts and sender/receiver addresses are obfuscated, offering a higher degree of anonymity.
All of these factors contribute to making Wownero a unique and interesting cryptocurrency. While it may not have the same level of name recognition as some of the bigger coins, it offers a compelling proposition for those looking for an alternative to the status quo.
If you’re a fan of memes or are looking for a more private alternative to Bitcoin, Wownero may be the cryptocurrency for you. Launched in 2018, Wownero is a fork of the popular cryptocurrency Monero, which itself is known for its focus on privacy and security.
Wownero shares many of the same features as Monero, including the use of Ring Confidential Transactions (RingCT) to hide the amounts being sent and received, as well as Stealth Addresses to hide the identity of the sender and receiver. In addition, all Wownero transactions are recorded on a public blockchain, ensuring transparency and immutability.
What sets Wownero apart from other privacy-focused cryptocurrencies is its focus on memes. The cryptocurrency’s logo is a play on the Monero logo and designed by Carty Sewill, and the Wownero website suchwow.xyz is devoted to rewarding funny Wownero-related memes that users contribute.
Wownero is available for purchase on the Tradeogre exchange. In order to buy Wownero, you will first need to set up a cryptocurrency wallet. There are a number of different wallets available, but we recommend using the official Wownero Wallets which can be downloaded from the Wownero website and listed here,
Once you have set up your wallet, you will need to purchase some Bitcoin., as Wownero is not currently available for purchase with fiat currency. We recommend using Coinbase to purchase Bitcoin, as it is one of the most user-friendly exchanges available. Once you have purchased Bitcoin, you can then transfer it to the Tradeogre exchange since it offers Wownero trading.
On Tradeogre you will need to create a KYC-free account and deposit your Bitcoin. Once your funds have been deposited, you can then place an order to buy Wownero. We recommend using a limit order, as this will ensure that you pay the price you want, rather than the market price.
Once your order has been filled, your Wownero will then be stored in your exchange wallet. However, we recommend transferring your Wownero to your own personal wallet, as this will give you full control over your private keys. The official Stack Wallet is a great option for storing your Wownero, as it is mobile, easy to use and provides a high level of security.
Wownero wallets like most wallets are pretty simple. You can either use a software wallet, which stores your private keys on your computer, or a hardware wallet, which stores your private keys on a hardware device. Here are some things to consider when choosing a wallet:
-How much money do you want to store in your wallet? If you’re only storing a small amount of Wownero, a software wallet should be fine. But if you’re planning on holding a lot of Wownero, you’ll want to get a wallet you have complete control of and is mostly offline.
-How comfortable are you with managing your own private keys? If you’re not comfortable with managing your own private keys, you might want to use a software wallet that has some built-in security features, like a multi-sig option.
-Do you need to be able to access your Wownero from multiple devices? If so, you’ll want to use a software wallet that supports multiple devices.
-Are you privacy-conscious? If so, you’ll want to use a wallet that supports privacy-enhancing features like Tor.
Wownero also has the first crypto wallet integrated into virtual reality.
When it comes to mining Wownero, there are a few things to keep in mind. For starters, you’ll need to make sure you have a computer with a decent CPU and you don’t mind learning a few lines of code to type in CLI.
That being said, mining Wownero can be a profitable endeavor. Unlike other cryptocurrencies, Wownero is solo-mining only, so there are no mining pools to join and Wownero doesn’t allow ASICs to mine. This gives everyone a fair chance at mining.
The other thing to keep in mind is that Wownero is a Proof of Work (PoW) cryptocurrency. This means that you’ll need to solve complex mathematical problems with your CPU in order to mine blocks. There are several miners available to achieve this.
If you’re serious about mining Wownero, you should check out the Wownero forum for tips on starting your Wownero mining adventure.
All in all, mining Wownero can be an educational intro to privacy coins and a profitable endeavor. Just make sure you have a decent CPU or you submit some hella based memes at suchwow.xyz
Wownero has a few things going for it that could make it appealing to cryptocurrency users. For one, it has built-in privacy features that not every coin can boast. Secondly, it’s become known as the “Monero meme coin”, which could endear it to a certain swath of the internet-using population.
There have been a growing number of retailers and artists such as CypherMarket, SuchWowStuff, and Mile High Gear that create Wownero gear that also accept Wownero as payment. This adds to the functionality of Wownero and opens future opportunities for the coin’s use.
The Wownero community is constantly growing and the founding members are involved in NFT projects like art101.io and patrn.me
That said, there are also some potential drawbacks to using Wownero, which are worth considering before investing.
One issue with Wownero is that it’s a relatively new coin, and as such, it doesn’t have the same level of adoption or support that some of the more established coins do. This can make it harder to find exchanges that trade in Wownero, and also make it more difficult to find buyers when you want to sell.
Another potential downside to using Wownero is that, because of its privacy features, it could be stereotyped in the same fashion as other privacy coins to be used for illegal purposes. This isn’t necessarily a reflection on the coin itself, but rather on the fact that anonymity can be appealing to those engaged in shady activities. Of course, this is also true of other privacy-centric coins, but it’s something to be aware of nonetheless.
Ultimately, whether or not Wownero is the right coin for you depends on your individual needs and preferences. If privacy is a high priority for you, then Wownero could be worth considering. However, if you’re looking for a coin with a paid celebrity endorsement or a “CEO” running the show, look elsewhere.
Wownero is a cryptocurrency that is here to stay. Its developers are continuing to work on it and make advancements. They are also very responsive and submerged in the Wownero community. Wownero is a real meme coin with privacy features far ahead of the rest of the crypto world. The future is WOW.
If this article is worth a WOW tip, throw some Wownero at : WW3rSWvJovr1C6xJ5s6tYWQoWm81unCtJ9Gi4AZJnKahhw1VDgLjvS2dCHFMU9Fxqo2uwDHS6DoXBT3sN1nGV4Yr1KwhQNTEE
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