Common information
Title
Monero
Ticker
XMR
Volume
8,814,920 USD
Description

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.

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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.
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Mining algorithm
CryptoNight
Proof algorithm
PoW
Currency started
02.06.2014
Difficulty change
2 blocks
Reward reduction
-
Last blockchain height
1425060
Block time
120 sec
Network hashrate
250,942,000 hash/sec
Mined coins
15,244,769
Mining reward
6.18938
Reddit
Active / all subscribers
765 / 30633
Post comments in day / hour
388.02 / 16.17
Post post in day / hour
28.2 / 1.18
Dev
Repository Info Issues Is fork? Last update Parent
C++ 1242 / 221 / 540 139 / 674 No 21.10.17 04:29