Monero - XMR

Monero XMR price, market cap & charts

Live Monero prices from all markets and XMR coin market Capitalization. Stay up to date with the latest Monero price movements and discussion. Check out our snapshot charts and see when there is an opportunity to buy or sell Monero

Price

BTC 0.01232009
USD

67.08

Market Cap

USD

1,135,893,478

Change % (1H)

%

0.24

Change % (24H)

%

-2.98

Monero (XMR) Historical Price & Volume Charts

What is Monero?

Monero (XMR) is a cryptonight algorithm based alternative crypto currency. The coin is based on Proof of Work and has a block reward that varies smoothly. The difficulty retargets every block with a sixty second block target.

Monero uses a Ring Signature system to protect your privacy, allowing users to make untraceable transactions.

Genesis Date: 2014-02-06

Website: http://getmonero.org/

Features

  • Privacy (Untraceable payments, Unlinkable transactions) Monero daemon uses the original CryptoNote protocol except for the initial changes (as the block time and emission speed). The protocol itself is based on ring signatures (Daniel J. Bernstein's Curve25519 + Ed25519, Schnorr signatures on a Twisted Edwards curve) and stealth addresses. The end result is passive, decentralised mixing based on heavily-tested algorithms.
  • Decentralisation The smart mining[20] forthcoming feature will allow transparent CPU mining on the user's computer, far from the de facto centralization of mining farms and pool mining, pursuing Satoshi Nakamoto's original vision of a true p2p currency.
  • Scalability
    Monero has no hardcoded limit, which means it doesn't have a 1 MB block size limitation preventing scalability.

Technology

Ring Signature

The Basics

In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members' keys was used to produce the signature.

For instance, a ring signature could be used to provide an anonymous signature from "a high-ranking White House official", without revealing which official signed the message. Ring signatures are right for this application because the anonymity of a ring signature cannot be revoked, and because the group for a ring signature can be improvised (requires no prior setup).

Application to Monero

A ring signature makes use of your account keys and a number of public keys (also known as outputs) pulled from the blockchain using a triangular distribution method. Over the course of time, past outputs could be used multiple times to form possible signer participants. In a "ring" of possible signers, all ring members are equal and valid. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. So, ring signatures ensure that transaction outputs are untraceable. Moreover, there are no fungibility issues with Monero given that every transaction output has plausible deniability (e.g. the network can not tell which outputs are spent or unspent).

To read how Monero gives you privacy by default (unlinkability), see stealth addresses.

Monero Wiki

beta

Monero Key Financial Information

Mkt. CapUSD 1,135,893,478Volume 24HUSD 121,816,088
Mkt. Share0.63 %Available Supply16,933,697
Change % (1H)0.24 %Max Supply0
Change % (24H)-2.98 %Total Supply16,933,697
Change % (7D)-1.51 %ProofPoW
AlgorithmCryptoNightUpated: 5 hours ago

Monero Historical Data

DatePriceVolume

Monero Videos

Bold Statement from Monero XMR Community Resurfaces
Monero (XMR) in a Nutshell

Monero (XMR) Reviews & Critics

Don't forget to subscribe and hit that notification ' ' & visit our base camp at https://cryptodaily.co.uk JOIN OUR CRYPTO REVOLUTION For the details about ....

  • Love MONERO. the ONLY crypto i invest in.
  • anonymous stablecoin would out do this coin huh?
  • Monero does not need marketing, because MONEY does not need marketing. It's not a company - and that's a good thing! Monero is the closest thing to Milton Friedman's prediction of e-cash (back in 1999): https://youtu.be/6MnQJFEVY7s
  • This (XMR) looks like the perfect currency to splice with an Amazon sales account... i'll try it and let you know how I did it... hint: discounting with XMR the sleeping giant of Cryptocurrency.
    Copyright © 2019 Coins Critics.
    Powered by PROTEK