Monero

What is Monero (XMR)?

Monero is a privacy-focused cryptocurrency that facilitates secure, anonymous transactions. Unlike Bitcoin and other public blockchains, Monero hides transaction details such as the sender, receiver, and amount, ensuring untraceable transactions and protecting users' financial privacy.

What Problem Does Monero (XMR) Solve?

Monero addresses:

• Privacy: It enhances user privacy by concealing transaction data, preventing tracking and analysis.
• Fungibility: Monero ensures all coins are treated equally, making each XMR interchangeable without a transaction history.
• Decentralization: Monero promotes decentralization by enabling mining with consumer-grade hardware, avoiding specialized equipment.

Why Does the Crypto Market Need Monero (XMR)?

Monero benefits the crypto market by:

• Ensuring Financial Privacy: It offers robust privacy for users concerned about transparency in traditional blockchains.
• Untraceable Transactions: Monero's privacy features make transactions impossible to trace, appealing to users in areas with strict financial surveillance.
• Secure Payments: Monero provides a safe and anonymous payment method in the digital economy.

History & Achievements

Launched in April 2014 as a fork of Bytecoin, Monero has become the leading privacy coin, known for its cryptographic features like Ring Signatures, Stealth Addresses, and Confidential Transactions. Its focus on privacy and decentralization has earned it widespread adoption, especially among privacy advocates.

Who Created Monero (XMR)?

Monero was created by pseudonymous developer Nicolas van Saberhagen, with contributions from developers including Riccardo Spagni (aka Fluffypony) and Francisco Cabañas. Monero is a community-driven project with global contributors improving its code and privacy features.

What Technology Does Monero (XMR) Use?

Monero uses:

• Ring Signatures: Obscures the actual sender by mixing their output with others.
• Stealth Addresses: Generates a one-time address for each transaction, hiding the recipient's wallet address.
• Confidential Transactions (RingCT): Hides the transaction amount, ensuring full privacy.

What Affects Monero (XMR) Price?

Monero's price is influenced by:

• Demand for Privacy: More users seeking privacy in financial transactions increase demand for Monero.
• Regulatory Scrutiny: Regulatory pressure on privacy coins could negatively impact Monero's market.
• Market Sentiment: Broader crypto trends and general adoption affect Monero's price.

How Many Tokens of Monero (XMR) Are in Circulation?

Approximately 18,446,744 XMR tokens are in circulation.

What is the Maximum Supply of Monero (XMR)?

Monero has an infinite supply, with a tail emission of 0.6 XMR per block after reaching the initial supply cap. This ensures continuous network security and incentivization for miners.

What is Monero (XMR) Utility?

Monero is used for:

• Private Transactions: Ensures anonymous transactions for users.
• Payments: XMR can be used to buy goods and services without revealing transaction details.
• Fungibility: Monero's untraceability makes it fully fungible, meaning no coin can be "tainted" based on its past usage.

Tokenomics of Monero (XMR)

Monero's tokenomics prioritize privacy, with no pre-mine or ICO. It uses Proof-of-Work (PoW) for mining, and its tail emission ensures constant rewards for miners, supporting network security.

What is the All-Time High and All-Time Low for Monero (XMR)?

• All-Time High: $542.33 on January 9, 2018
• All-Time Low: $0.2162 on January 14, 2015

Where to Buy Monero (XMR)?

Monero can be purchased on several exchanges, including:

• Binance
• Kraken
• KuCoin
• TradeOgre

Who Invested in Monero (XMR) at an Early Stage?

Monero did not conduct an ICO or pre-mine. It has been open to public mining and distribution since its launch, remaining community-driven without venture capital backing.

What Are the Revenue Streams of Monero (XMR)?

Monero's revenue streams include:

• Mining Rewards: Miners earn XMR tokens for securing the network through Proof-of-Work.
• Transaction Fees: Fees are paid to miners for processing transactions on the Monero network.