Monero (XMR)
A privacy-focused cryptocurrency designed to keep transactions private and untraceable.
About Monero
Monero(XMR) was created in 2014 with the goal of providing maximum privacy in transactions. Unlike Bitcoin, Monero hides the sender, receiver, and transaction amount using techniques such as ring signatures, stealth addresses, and RingCT. It uses the RandomX algorithm, which is optimized for CPU mining, making the network more decentralized and more resistant to ASICs.
Key Characteristics
- Algorithm: RandomX
- Block Time: 2 minutes
- Max Supply: ∞ XMR
- Block Reward (First Block): 18 XMR
- Block Reward (Current): 0.6 XMR
- Halving Schedule: Inexistent(used Tail Emission, finished)
- Difficulty Adjustment: Every 1 blocks
- Preferred Mining Hardware: CPUs
- Preferred Mining Software: Visit Mining Softwares page for details
- Pool Explorer: MiningPoolStats
Useful Links
Important Documents
Quick Facts
Created: 2014
Creator: thankful_for_today (unknown)
Max Supply: ∞
Block Time: 2min