

Rank: # 30
Market Cap: $ 5,811,769,963
Volume (24hrs): $ 90,622,404
Circulating Supply: 18,446,744 XMR
Price in BTC: Ƀ 0.00300978
Change (1 Hr): -1.10%
Change (7 Days): -3.45%
Change (30 Days): -9.58%
All Time High: $ 542.33
All Time High Date: January 9, 2018
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Date | Open | Close | High | Low | Volume |
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# | Source | Pair | Volume | Price | Change | Updated |
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- Binance’s CZ suggests ‘will function’ to distribute crypto in case of deathCointelegraph.com News - 29 minutes agoBinance founder Changpeng Zhao said crypto platforms must prepare for the inevitable by enabling users to pass on digital assets after they die. Binance founder…
- Canada’s Sol Strategies files with SEC to list on the NasdaqCointelegraph.com News - 58 minutes agoSol Strategies’ stock price rose by more than 4% following the announcement that it has filed to be listed on the Nasdaq exchange. Sol Strategies,…
- Pacific nation Nauru passes law to establish a crypto regulatorCointelegraph.com News - 1 hour agoThe brother of former FTX CEO Sam Bankman-Fried once plotted to buy Nauru and build a doomsday bunker using funds from the now-defunct crypto exchange.…
- Bitcoin to Ether shift going unnoticed with ‘bear market PTSD’ — TraderCointelegraph.com News - 1 hour agoA crypto analyst says the altcoin season “we are all craving for” now hinges on Ether doing better and showing strength. Crypto market interest is…
- Ohio House passes bill allowing up to $200 tax-free crypto paymentsCointelegraph.com News - 1 hour agoOhio’s House passed a bill to legally insulate various crypto activities, such as mining and staking, and exempt some transactions from capital gains tax. Ohio’s…
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).
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