The problem of Cryptojacking is pretty widespread. Cryptocurrency of choice for the Cryptojacking is Monero (XMR). It is widely anticipated that most of the Cryptojacking attempts occur for Monero (XMR). Up until now, there is no actual clue regarding the number of cryptocurrencies used for Cryptojacking attempts.
How far spread is Monero (XMR) Cryptojacking?
Monero (XMR) is the most prevalent the token when it comes to Cryptojacking. The reason for this is that Monero (XMR) is anonymous. It has various mechanisms to ensure proper fungibility. The fungibility ensures that transactions go untraced. At the same point in time, the ring signature makes sure that none of the transactions can be traced back.
At 5% of the total supply, the scale and magnitude of Monero (XMR) cryptojacking is huge. The problem is that the cryptojacking attempts are growing at an exponential pace. It is tough to detect, but awareness is undoubtedly going up as the number of PCs containing malware are going up consistently.
It is the time that consumers become more aware regarding the various malware and also scan their computers more frequently. Hackers have now got an additional way to monetize the malware. It is much more effective than ransomware and other such methods. That is why they are doing their best to spread the malware at a rapid pace.
All in all, the spread of Monero (XMR) malware is growing at a rapid pace. Unless and until the users become more aware of it, it will be difficult to halt the progress of Monero (XMR) cryptojacking attacks.