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Monero (XMR)







A secure, private, untraceable cryptocurrency.


Monero is open source, freely available to all, and was fairly launched on April 18th, 2014, without premine or instamine. The technology behind Monero has already spiked the interest of several established people in the Bitcoin development world and the cryptography community. Monero development is completely donation-based and community-driven, with a strong focus on decentralization and scalability. With Monero, you are your own bank. Only you control and are responsible for your funds, and your accounts and transactions are kept private from prying eyes.




SPECIFICATION :

Ticker: XMR
PoW algorithm: CryptoNight [1]
Max supply: Infinite (see note below) [2]
Block reward: Smoothly varying [3]
Block time: 120 seconds
Difficulty: Retargets at every block
[1] CPU + GPU mining (about 1:1 performance for now). Memory-bound by design using AES encryption and several SHA-3 candidates.
[2] Initial number of atomic units is M = 264 - 1. However, once the block reward reaches 0.3 XMR per minute (sometime in 2022) that is treated as the minimum subsidy, which means that Monero's total emission will forever increase by ~157680 XMR annually.
[3] Uses a recurrence relation. Block reward = (M - A) * 2-20 * 10-12, where A = current circulation. Roughly 86% mined in 4 years (see graph).

















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Last update: 08/19/2017