{"id":58618,"date":"2018-01-23T11:15:20","date_gmt":"2018-01-23T17:15:20","guid":{"rendered":"https:\/\/www.pcmatic.com\/blog\/?p=58618"},"modified":"2018-01-23T11:15:20","modified_gmt":"2018-01-23T17:15:20","slug":"monero-new-bitcoin","status":"publish","type":"post","link":"https:\/\/www.pcmatic.com\/blog\/monero-new-bitcoin\/","title":{"rendered":"Monero: The New Crypto-Currency in Town"},"content":{"rendered":"<h3>Is Monero the New Bitcoin?<\/h3>\n<p>With the boom in bitcoin popularity, hackers are beginning to find an alternative crypto-currency to use for ransom demands.\u00a0 Due to more individuals buying bitcoin, the process of purchasing the digital currency has become rather cumbersome.\u00a0 One of the biggest issues lies in the amount of time it takes to complete the purchase.\u00a0 Often times this could take days.\u00a0 This is not ideal for various reasons.\u00a0 First, bitcoin value has been changing drastically on a daily basis, if not hourly.\u00a0 Secondly, if your files are encrypted and you have to wait days to purchase the bitcoin, the urgency to pay the demand decreases.\u00a0 Therefore, hackers are not getting paid as often as they&#8217;d like.\u00a0 Lastly, hackers are questioning the security of bitcoin, due to the recent arrest of various cyber criminals who used the digital currency.<\/p>\n<p>Therefore, it is suggested cyber criminals will begin moving toward monero.\u00a0 This crypto-currency is not something new, in fact<a href=\"http:\/\/www.zdnet.com\/article\/ransomware-why-the-crooks-are-ditching-bitcoin-and-where-they-are-going-next\/\"> it has been around since 2014<\/a>.\u00a0 However, it does provide increased stability and security for the hackers who choose to use it.\u00a0 There are currently ransomware variants, <a href=\"http:\/\/www.zdnet.com\/article\/ransomware-why-the-crooks-are-ditching-bitcoin-and-where-they-are-going-next\/\">such as Kirk ransomware<\/a>, that are demanding payment in monero instead of bitcoin.<\/p>\n<p>It is unclear if the increased use of monero will cause bitcoin value to plummet, although it is not unreasonable to speculate such.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is Monero the New Bitcoin? With the boom in bitcoin popularity, hackers are beginning to find an alternative crypto-currency to use for ransom demands.\u00a0 Due to more individuals buying bitcoin, the process of purchasing the digital currency has become rather cumbersome.\u00a0 One of the biggest issues lies in the amount of time it takes to [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":55953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[183],"tags":[5011,5453,5452,5451],"class_list":["post-58618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tips","tag-bitcoin","tag-crypto-currency","tag-digital-currency","tag-monero"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Monero: The New Crypto-Currency in Town<\/title>\n<meta name=\"description\" content=\"A new crypto-currency is beginning to gain in popularity with cyber criminals due to its increased stability and security. 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