Swapping
Swap Rate
Minimum Trade
Estimated Time
5 - 30 minutes
Swap Fee
1.00 %
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XMR Coindex
Name
Monero
Symbol
XMR
Stats
Price
$ 325.95
24H Change
$ 3.02
Market Cap
$ 5.83 B
24H Change
0.93%
Volume 24H
XMR 677.13 K
Current Supply
17,887,135.8
General
Diff. Adjustment
2 blocks
Algorithm
CryptoNight-V7
Proof Type
PoW
Start Date
02/06/2014
Block Number
2181244
Block Time
120
Network H/s
1238016655.85
Total Coins Mined
~ 17.69 M
Block Reward
~ 1.00
*General last updated 09/25/20 4:04:36 PM
Social
Monero is an open-source cryptocurrency created in April 2014 that focuses on privacy, security, untraceability, and decentralization running on Windows, Mac, Linux, Android, iOS, and FreeBSD. Monero is based on the CryptoNote protocol possessing the CryptoNight proof-of-work hash algorithm.
Rather than using a bank, Monero as a private digital currency, allowing the user to act as their own bank. By doing so, users can access their funds safely without having their balance and/or activity being tracked.
Monero was launched by “thankful_for_today” who was a Bitcointalk forum user. Since then, Monero has had a large community of developers and engineers consistently improving on Monero’s privacy mechanisms to keep Monero at the top of privacy based cryptocurrencies, as well as to avoid any future attacks or exploitation.
Everyone has a public address, the funds a user ows are not associated with any particular address, unlike Bitcoin. If a user gives someone their public funds, that person will not be able to access the total amount. In the process of a transaction, the Monero platform creates a new one-time address as the destination called a stealth address, which is not linked to the recipients public address. Allowing both the sender and the recipient to keep their transaction records private. Another method Monero uses to hide the source from where the funds are sent is transaction mixing. Transaction mixing is when a user sends funds, several other funds are chosen by the user to appear as possible sources so that neither the recipient nor any other user on the platform can tell the source of which the funds came from.