What is XMR used for?
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XMR serves as the native currency of the Monero network and is primarily used for peer-to-peer payments, value transfers, and private transactions. Because transaction details remain hidden, many users choose Monero when they want greater financial privacy compared to traditional cryptocurrencies.Beyond payments, XMR is often used as a store of value by individuals who prioritize privacy and censorship resistance. The network is maintained through decentralized mining, and unlike many newer cryptocurrencies, Monero remains one of the few major proof-of-work projects that is still actively focused on preserving user anonymity and fungibility.