Monero
- Charts
- Historical Data
- Markets
- Social
- News
- Comments
- Zoom
- Hour
- Day
- Week
- Month
- Year
- All Time
- Type
- Line Chart
- Candlestick
Date | Open | Close | High | Low | Volume |
---|
# | Source | Pair | Volume | Price | Change | Updated |
---|
- r/monero
- Bitcoin forming 'massive' bullish wedge pattern as trader eyes $85KCointelegraph.com News – 1 hour agoBitcoin’s bullish pattern on the chart is signaling to crypto traders a potential 25% price increase from its current level. Bitcoin’s price is forming a…
- RFK Jr. promises BTC strategic reserve, dollar backed by hard assetsCointelegraph.com News – 4 hours agoThe presidential hopeful gave Bitcoin eloquent praise as a future support for the US economy and way to fix broken American money and society. Independent…
- SEC approves Grayscale Bitcoin Mini Trust for Trading on NYSE ArcaCointelegraph.com News – 4 hours agoGrayscale must await final regulatory signoff on its registration filing before listing the fund The United States Securities and Exchange Commission (SEC) approved Grayscale’s newest…
- ‘We have to get rid of the folks who are in the way’ — Senators speak at Bitcoin 2024Cointelegraph.com News – 5 hours agoThe two Republican senators claimed that if their party wins control of the Senate, they will stop the SEC’s “regulation by enforcement.” Republican United States…
- No BTC strategic reserve announcement from Sen. Lummis — Bitcoin 2024Cointelegraph.com News – 5 hours agoUS Senator Lummis recently authored a report highlighting the benefit of the Bitcoin mining industry and denouncing Biden’s proposed 30% tax. United States Senator Cynthia…
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 user’s 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. Monero’s privacy feature makes a true fungible coin. It also supports the concept of ‘view key’. Using a ‘view key’ a user can share transaction details with a third party or an auditor. No one can spend coins using ‘view key’.
Governments are usually not greats fans of the anonymous cryptocurrency concept. Notably, the Japanese Financial Security Agency is already trying to ban such coins, as they worry that they can be used for illegal activities. However, Monero’s community is strong and supportive and most probably a real market need for a privacy respecting coin will always be there. (eg. Monero is already a primary payment method for buying branded Tor onion domains).