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Monero is a privacy-focused cryptocurrency that prioritizes user anonymity and fungibility through advanced cryptographic techniques like ring signatures, stealth addresses, and RingCT. Unlike Bitcoin, which records all transactions on a transparent ledger, Monero obscures sender identity, receiver address, and transaction amounts by default, making it impossible to trace transactions on its blockchain. This emphasis on mandatory privacy and untraceable transactions distinguishes Monero from other cryptocurrencies and makes it the preferred choice for users who value financial confidentiality.