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 willShow more [+] 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).
Monero Price Prediction 2023-2032: Should You Buy XMR Now?
Monero Price Prediction 2023-2032 Monero Price Prediction 2023 – up to $272.82 Monero Price Prediction 2026 – up to $853.31 Monero Price Prediction 2029 – up to $2,619.93 Monero Price Prediction 2032 – up to $7,956.41 Monero $XMR is one of those cryptocurrencies that has held up for the most part, compared to many top … Monero Price Prediction 2023-2032: Should You Buy XMR Now? Read More »
Monero Price Prediction 2023-2032 Monero Price Prediction 2023 – up to $272.82 Monero Price Prediction 2026 – up to $853.31 Monero Price Prediction 2029 – up to $2,619.93 Monero Price Prediction 2032 – up to $7,956.41 Monero $XMR is one of those cryptocurrencies that has held up for the most part, compared to many top … Monero Price Prediction 2023-2032: Should You Buy XMR Now? Read More »
Qubetics Boosts Ethereum Scaling, FET Leads AI Blockchain, & Monero Faces Volatility
Qubetics Powers Ethereum Scaling with EVM Compatibility, While FET Leads AI Blockchain, and Monero Faces Market Volatility In a world increasingly dependent on digital transactions, traditional financial systems often struggle with inefficiencies, leading to lengthy transaction times and high fees. These challenges can stifle innovation and hinder economic growth, making it difficult for businesses and individuals to thrive. Qubetics is making waves in the crypto space by offering one of the most sought-after features in blockchain technology: EVM Compatibility. This powerful functionality allows developers to deploy and scale their existing Ethereum-based tools and decentralized apps (dApps) on the Qubetics platform The post Qubetics Boosts Ethereum Scaling, FET Leads AI Blockchain, & Monero Faces Volatility appeared first on The Merkle News.
Qubetics Powers Ethereum Scaling with EVM Compatibility, While FET Leads AI Blockchain, and Monero Faces Market Volatility In a world increasingly dependent on digital transactions, traditional financial systems often struggle with inefficiencies, leading to lengthy transaction times and high fees. These challenges can stifle innovation and hinder economic growth, making it difficult for businesses and individuals to thrive. Qubetics is making waves in the crypto space by offering one of the most sought-after features in blockchain technology: EVM Compatibility. This powerful functionality allows developers to deploy and scale their existing Ethereum-based tools and decentralized apps (dApps) on the Qubetics platform The post Qubetics Boosts Ethereum Scaling, FET Leads AI Blockchain, & Monero Faces Volatility appeared first on The Merkle News.
Analyzing XRP’s Trading Volume Rebound in Q4 2023; Monero and Polkadot Competitor Sees Surge in Investor Base
The post Analyzing XRP’s Trading Volume Rebound in Q4 2023; Monero and Polkadot Competitor Sees Surge in Investor Base appeared first on Coinpedia Fintech News
The resurgence of Ripple’s (XRP) trading volume in the fourth quarter of 2023 has captured significant attention. Ripple’s Q4 2023 XRP markets report revealed that the cryptocurrency witnessed a notable rebound, with daily trading volume soaring to approximately $600 million. This surge, marking a remarkable 75–100% growth compared to the preceding quarter, signals a resurgence …
The post Analyzing XRP’s Trading Volume Rebound in Q4 2023; Monero and Polkadot Competitor Sees Surge in Investor Base appeared first on Coinpedia Fintech News
The resurgence of Ripple’s (XRP) trading volume in the fourth quarter of 2023 has captured significant attention. Ripple’s Q4 2023 XRP markets report revealed that the cryptocurrency witnessed a notable rebound, with daily trading volume soaring to approximately $600 million. This surge, marking a remarkable 75–100% growth compared to the preceding quarter, signals a resurgence …
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