Monero, launched in 2014, is a privacy-focused cryptocurrency with unique features like default anonymity and innovative technology. More
| Fully Diluted Valuation | $4.79B |
|---|---|
| 24H Trading Volume | $77.36M |
| 24H Low / High | $258.19 / $ 273.94 |
| Circulating Supply | 18.45 M |
| Total Supply | 18.45 M |
| Max Supply | ∞ |
| Categories | Privacy 4 more |
|---|---|
| Founder | Anonymous |
| Website | getmonero.org |
| Socials | 4 more |
| Explorer | Xmrchain 7 more |
| Name | Pair | OG Score |
|---|
Monero (XMR) stands as a testament to the evolving landscape of cryptocurrencies since its launch in 2014. Rooted in the ethos of privacy and decentralization, Monero differentiates itself by providing users with default anonymity. This is achieved through innovative technologies such as Ring Signatures, Stealth Addresses, and Ring Confidential Transactions. The dynamic proof-of-work algorithm prevents centralization by thwarting the dominance of ASICs in mining. Monero's commitment to privacy extends to its unique features like one-time Stealth Addresses and the continuous evolution of its privacy-preserving capabilities. Notably, Monero has become a preferred choice for those seeking private and untraceable transactions, offering a valuable alternative to transparent blockchains like Bitcoin.
The origins of Monero trace back to a dedicated community of developers, with its code forked from Bytecoin in 2014. The team's emphasis on privacy, security, and ease of use has shaped Monero into a cryptocurrency that obscures user data on the blockchain, setting it apart from its peers. Monero's unique features, including fungibility, distinguish it from other privacy coins like Zcash. As a decentralized currency, Monero allows users to transact without the need for trust, embodying a vision for maximum decentralization. The cryptocurrency's value lies not just in its use as a medium of exchange but also in its potential as an investment, particularly for those anticipating a growing demand for privacy in the future.
Monero's versatility is highlighted by its mining options, offering enthusiasts the choice between solo mining, joining pools, or utilizing cloud mining services. Unlike Bitcoin, Monero's mining doesn't necessitate specialized hardware, allowing users to mine using their CPU or GPU. Mining pools like MineXMR and cloud services such as Minergate cater to diverse preferences.
Monero sets itself apart with default anonymity and innovative features like Ring Signatures and Stealth Addresses, ensuring private, untraceable transactions.
Monero was created by seven developers, with five remaining anonymous. Its origins trace back to a 2014 fork from Bytecoin.
Monero's development is community-driven, and it has not disclosed specific backers or investors.
Monero (XMR) utilizes a proof-of-work (PoW) consensus mechanism to secure its network and validate transactions.
You can buy Monero (XMR) on MEXC, Kraken, HTXKuCoinBitMart cryptocurrency exchanges.
