Monero (XMR) is a cryptonight algorithm crypto currency (secure digital cash settlement) managed by a network of users. Transactions are confirmed by distributed consent, and are invariably recorded on the unit.
Monero is your own bank. You can safely perform any operation knowing that outsiders can not see your balances or track your activities. ( Uses a Ring Signature system to protect your privacy, allowing users to make untraceable transactions.)
Pros of Monero:
Monero provides all the advantages of a decentralized crypto currency without any typical concessions of confidentiality.