Monero
XMR
$ 85.57
0.00824692 BTC
Marketcap
$ 1,468,593,982
Volume (24h)
$ 65,342,682
Circulating Supply
17,162,268 XMR
Total Supply
0 XMR

What is Monero?

Monero (launched 2014) is a privacy focused cryptocurrency which is based on Cryptonote technology. Privacy is built in its design by default for all the network participants. The development is currently led by Riccardo Spagni with a few other core protocol developers after splitting from the original Bitmonero project (forked from bytecoin) in 2014.  Monero has unbounded inflation, after emission of 18.132 million monero (May 2022), a constant tail emission of 0.6 XMR every 2 minutes will ck in resulting around 1% inflation per year. A permanent inflation keeps miners incentivized, thereby securing the network. Monero enables untraceable and unlinkable transactions. It uses Ring signatures to protect sender identity, stealth address to protect recipient identity and Ring CT (Ring confidential transaction) to protect transaction amount. This is vastly different from Bitcoin where all transactions are visible to everyone and a sophisticated blockchain analysis can potentially reveal a users identity. Monero is currently working on Kouri to integrate I2P (The invisible internet project) to protect users IP address as well. In April 2018, Monero made an effort (successful so far) to become ASIC resistance, in order to prevent mining centralization.


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