Monero (XMR) is a cryptocurrency which has been around for quite some time now. Monero started 2017 with a price of $13 and reached an all-time high price of $430 – which is an impressive growth indeed. However with time many names have come to trust the currency and the latest such backer is VideoLAN – the company behind the VLC Media Player.
Donations are often a way of saying that organizations are supporting the currency. Even though this is a small and indirect act of support – it goes a long way. XMR, for instance, is supported by many other big names, including Wikileaks.
What makes XMR so popular with many organizations is the fact that it has shown quite a promising growth in it’s technology. The currency functions on the CryptoNote protocol which is focused on privacy and anonymity. This is unlike many other cryptocurrencies which are basically derivatives of Bitcoin or function in a similar manner.