Monero is an open source, decentralized, scalable and privacy-oriented cryptocurrency. The transaction of Monero is completely private and anonymous. It uses obfuscation which disallowing the information of sender, receiver and amount to be seen by the public. In order to make transaction untraceable and unlinkable to each other, stealth addresses is provided which means it can only be used once. It is also fungible, which means it will always be accepted.
Monero runs by the same consensus mechanism as Bitcoin, which is Proof-of-Work (PoW). However, Monero uses RandomX PoW (upgrade from CryptoNight PoW) instead of SHA-256 PoW. RandomX PoW is ASIC-resistant and CPU-friendly POW algorithm which will prevent the use of mining-specific hardware by any entities to become dominant force.