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Monero Crypto Coin Rank 20
Website
17,840,896 XMR

Monero
Monero
XMR Coin Values XMR

Monero valuesUSD Price
$ 227.03

Monero BTC Price
0.00465081

Monero 24h Vol
$ 2,706,534,496

Monero Market Cap
$ 4,050,354,798

24h Vol
55,445 BTC
1 H
-1.42 %
24 H
4.79 %
7 d
40.03 %
Today Monero price in US dollars is currently 227.03 USD, and if converted to Bitcoin is 0.00465081 BTC. A total of 17,840,896 XMR are currently circulating in the Market. Monero price is currently experiencing a change of 4.79 %, and check here all cryptocurrency. Over the past 24 hours 27.065 M US dollars Monero have been traded on Crypto Exchanges. Get Monero's progress by adding it to your favourites and creating a free portfolio.
Full Name
Monero
Symbol
XMR
Algorithm
CryptoNight
BTC Price
0.00465081 BTC
BTC Market
82,975 BTC
BTC 24h Vol
55,445 BTC
Total Coins Mined
17,840,896 XMR
1h
-1.42 %
24h
4.79 %
7d
40.03 %
Twitter
Website
XMR Charts

Monero Price Charts

XMR High/Low Price Chart

Monero Price High/Low Price Chart

Historical Data

Monero Crypto Technology

Markets

Monero Crypto Market

Description

Monero Crypto ICO Description

Monero (XMR) – Investing in Everything You Need to Know

 

Monero is an open-source protocol and security focus cryptocurrency based on CryptoNote. It was started its journey in 2014. 

The Monero also known as XMR, used different privacy-enhancing technologies for fungibility. As our research of Monero history has attracted and gains more customers or users desiring security and privacy measures that are really good things than other cryptos. Also, in darknet markets, it has a good value.

 

True Fungibility

 

It takes more fungibility. For a better understanding look at a flat currency such as EUR, it has a serial number for identifying. This number guarantees to the government or anybody to analyze the history of a certain bill.

You can be tracked in bitcoin transactions. It depends on you, how you using it. Bitcoin has the systems to track from one person to another person.

But, Monero is free from tracking. There is no tracking system, it provides fungibility one step advanced. No chance to ordain what Monero was in what contract. It is fully free from any serial numbers. So, this characteristic brings a new level of privacy and security.

 

Dynamic Scalability

 

You must be stopped at the special benefit of Monero unlimited scalability. It provides huge advantages like it provides the power of currency to manage more clients in near future. Previously bitcoin users faced scalability issues, slow network and extraordinarily the fees were rise. For more, in 2007 users had paid $30 to validate a transaction.

Contrarily, it is free from pre-set block size and the miner can ordain the transaction block and desire to approve. For more, in the past, BTC has the 1MB block-size limit. Recently the Monero developers announced a block reward-penalty system. The action takes into the median size of the last 100 blocks.

 

The Pros and Cons of Monero

 

PROs

It is one of the top privacies providing cryptocurrency.

Completely Fungibility, transactions are impossible to trace.

No chance to make a transection to link a user.

It has multiple keys that increase the level of privacy.

It has dynamic scalability and doesn’t have a limit.

If you want you can show your transaction through the private view key.

An experienced, and dedicated team work here.

 

CONs

 

It is some difficult than other cryptocurrencies to use Monero on smartphones.

It has more development difficulty than bitcoin-based coins.

Monero uses a hashing algorithm, despite being ASIC resistant.

Furthermore, it not based on bitcoin so it is difficult for a developer that interlude with the blockchain system

 

Technology

Monero Crypto Technology

Ring Signature 

The Basics

In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members' keys was used to produce the signature.

For instance, a ring signature could be used to provide an anonymous signature from "a high-ranking White House official", without revealing which official signed the message. Ring signatures are right for this application because the anonymity of a ring signature cannot be revoked, and because the group for a ring signature can be improvised (requires no prior setup).

 

Application to Monero

A ring signature makes use of your account keys and a number of public keys (also known as outputs) pulled from the blockchain using a triangular distribution method. Over the course of time, past outputs could be used multiple times to form possible signer participants. In a "ring" of possible signers, all ring members are equal and valid. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. So, ring signatures ensure that transaction outputs are untraceable. Moreover, there are no fungibility issues with Monero given that every transaction output has plausible deniability (e.g. the network can not tell which outputs are spent or unspent).

To read how Monero gives you privacy by default (unlinkability), see stealth addresses.

Features

Monero Crypto 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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