XMR

XMR

Monero
$54.30
+0.44%
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  • Market Cap
    $941,781,915
  • 24h Vol (Global)
    ฿3,012 ($22,564,393)
  • Circulating Supply
    17,344,050
  • Issue Date
    2014-04-18
  • Issue Price
    -
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
-17,344,0502014-04-18-POW1
monerovision.com
2
moneroblocks.info
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
17,344,050CryptoNight-V8https://github.com/monero-projhttps://getmonero.org/COIN

General Data and Information Monero (XMR, formerly BitMonero) is a fork of Bytecoin (on 18th April 2014) that emphasises the obfuscation of private data (like addresses and transaction values) making for a blockchain with a public ledger with open access for broadcasting and writing transactions but with complete privacy for users. Each user can read the portions of the blockchain that relate directly to their own addresses, or can choose to broadcast unobfuscated transactions. The rationale behind the emphasis on privacy is the principle that no outside observer should have the unrestricted right to view a user’s private financial transactions and net worth. This holds true for the current financial system, and Monero aims to recreate this right to privacy in the crypto-currency ecosystem. This privacy is achieved through a combination of enforced privacy, bulletproof zero-knowledge proofs, ring confidential transactions, stealth addresses, ring signatures and ASIC resistance. Milestones 18th April 2014 - Monero blockchain launched. 10th January 2017 - Confidential Transactions and Ring Signatures adopted, known collectively as Ring Confidential Transactions (RingCT). October 2018 - Bulletproofs (zero knowledge proofs) adopted on chain. Utility Monero (XMR) aims to be fiat currency replacement, a store of value. By implementing privacy features by default, it restores the right to privacy of a user whilst being able to utilize and harness the strengths of a public blockchain, namely resilience, decentralization and censorship resistance. Due to the untraceability of transactions, all Monero coins are essentially fungible as no transaction history can be attached to them, thus making them functionally identical. Further developments include the ability to obfuscate IP addresses to further enhance privacy protections for users. Significant Features Privacy coin, transaction addresses and amounts are obfuscated by design. Privacy of transactions mimics the use of cash in current economies. Monero is fungible, past transactions can not be traced, thus all coins are indistinguishable from other coins. Open and unrestricted access with no third party middleman for approving transactions. Transactions can be revealed by a user if required. Average blocktime of 2 minutes; Total supply of 18.4 million XMR (then 0.3 XMR per minute forever); Consensus via Proof of Work (CryptoNight). References: https://en.wikipedia.org/wiki/Monero_(cryptocurrency) https://www.getmonero.org/ https://cryptonote.org/whitepaper.pdf https://coinsutra.com/monero-cryptocurrency/#targetText=The%20mathematics%20of%20the%20total,into%20the%20system%20continuously%20forever.

Introduction

General Data and Information Monero (XMR, formerly BitMonero) is a fork of Bytecoin (on 18th April 2014) that emphasises the obfuscation of private data (like addresses and transaction values) making for a blockchain with a public ledger with open access for broadcasting and writing transactions but with complete privacy for users. Each user can read the portions of the blockchain that relate directly to their own addresses, or can choose to broadcast unobfuscated transactions. The rationale behind the emphasis on privacy is the principle that no outside observer should have the unrestricted right to view a user’s private financial transactions and net worth. This holds true for the current financial system, and Monero aims to recreate this right to privacy in the crypto-currency ecosystem. This privacy is achieved through a combination of enforced privacy, bulletproof zero-knowledge proofs, ring confidential transactions, stealth addresses, ring signatures and ASIC resistance. Milestones 18th April 2014 - Monero blockchain launched. 10th January 2017 - Confidential Transactions and Ring Signatures adopted, known collectively as Ring Confidential Transactions (RingCT). October 2018 - Bulletproofs (zero knowledge proofs) adopted on chain. Utility Monero (XMR) aims to be fiat currency replacement, a store of value. By implementing privacy features by default, it restores the right to privacy of a user whilst being able to utilize and harness the strengths of a public blockchain, namely resilience, decentralization and censorship resistance. Due to the untraceability of transactions, all Monero coins are essentially fungible as no transaction history can be attached to them, thus making them functionally identical. Further developments include the ability to obfuscate IP addresses to further enhance privacy protections for users. Significant Features Privacy coin, transaction addresses and amounts are obfuscated by design. Privacy of transactions mimics the use of cash in current economies. Monero is fungible, past transactions can not be traced, thus all coins are indistinguishable from other coins. Open and unrestricted access with no third party middleman for approving transactions. Transactions can be revealed by a user if required. Average blocktime of 2 minutes; Total supply of 18.4 million XMR (then 0.3 XMR per minute forever); Consensus via Proof of Work (CryptoNight). References: https://en.wikipedia.org/wiki/Monero_(cryptocurrency) https://www.getmonero.org/ https://cryptonote.org/whitepaper.pdf https://coinsutra.com/monero-cryptocurrency/#targetText=The%20mathematics%20of%20the%20total,into%20the%20system%20continuously%20forever.

Social Media
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'Reports of the Death of Privacy Coins Have Been Greatly Exaggerated'
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Binance Will Support the Upcoming XMR Scheduled Protocol Upgrade
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Bitcoin Jumps 10% Again, Outperforms Major Altcoins
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BitBay Also Delists Monero, Citing Money Laundering Concerns
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BitBay Crypto Exchange to Delist Monero Due to Money Laundering Concerns
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Crypto Market Tumbles: Bitcoin, Ethereum, XRP & EOS Price Analysis 22nd Nov
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Compromised Monero Wallets May Still Be Around
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US Think Tank Releases Report on Investigation Into Illicit Transactions on the Dark Web
2019-11-21
Grin Developer Refutes MimbleWimble Privacy Being 'Fundamentally Flawed'
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Altcoin Market Capitalization Shrinks Despite Volume Boost Since 2017
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Phineas Fisher Offers Hefty BTC Funds to New “Bug Hunting” Hacktivists
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Monero’s Website Was Hacked to Distribute Crypto-Stealing Malware
2019-11-20
MimbleWimble Anonymity Unraveled, Charlie Lee Claims Bug was Known
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Malware on Official Monero Website Can Steal Crypto: Investigator
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Privacy Coin Grin Deemed Inept After Early Bitcoin Adopter Backs Project
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Phineas Fisher: $100K Bounty in Crypto for Incriminating Corporations
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