Key metricsKey metrics
PricePrice$93.34
Asset TypeAsset TypePrivacy Coin
StructureStructureDecentralized
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorCurrency
IndustryIndustryBlockchain
FoundedFounded18-Apr-2014
CountryCountryInternational
Key personKey personRiccardo Spagni (FluffyPony)

Monero (XMR) Information{coin_name} ({symbol}) Information

With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.

Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity. Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe.

OrganizationsOrganizations

The Monero Project

Questions and AnswersQuestions and Answers

What is Monero?
Monero is a secure, private, untraceable (crypto-)currency. It is open-source and freely available to all.
Why Monero is good for merchants and individuals?
Monero is a tool that people can actually use. It makes receiving payments hassle-free, since merchants and individuals no longer need to fear the source of funds they are accepting. With transparent systems like Bitcoin, Ethereum, Verge, or Dash, these people need to hope (or spend substantial resources verifying) the sender did not use the funds illicitly. Furthermore, merchants do not want all their vendors known, and individually do not want everyone to know how much they are spending. If I spend more than I should at Newegg (store), that's my own business.
How different is Monero?
Monero is different because every transaction is always private. There is no way for pools and exchanges to opt out of sending private transactions. Thus, Monero's anonymity set far exceeds any other coin's anonymity set. Over 86,000 transactions in the past month of August, 2017 hid the sender and receiver, and about 99.95% of them also hid the amount (will increase to 100% of all new transactions in September)! There is no suspicion in using a private transaction, since all transactions are private. A single transaction does not stick out.*
What technology is used by Monero?
Monero uses four main technologies to provide privacy : 1. Ring Signature, RingCT, Kovri and Stealth addresses.
What is Ring signatures?
Ring signatures hide where the money comes from. Spent inputs in a transaction are hidden among several others that also appear to be spent. Thus, no one knows which source of money is actually being spent. Think of inputs as individual dollars or euros
What is RingCT?
RingCT hides the amount. Instead of spending a known value of an input, you can cryptographically commit to a certain value without revealing what the value actually is. This is a very complicated topic
What is Kovri?
Kovri is a work-in-progress tool to hide the transaction broadcast. Kovri will make it easy for users to hide their IP address when telling the network that they would like to make a transaction. Kovri will work with other cryptocurrencies and other projects through a common API, and Kovri can be used in a way to hide that you are using Monero at all. Kovri adds additional layers of network security for miners and pools, and it allows for the highest level of censorship resistance possible.
How Monero use stealth addresses?
Stealth addresses hide where the money goes to. Instead of sending money to a specific address directly, certain outputs are allocated for addresses, but outside observers do not know which addresses these belong to. Even if ring signatures were compromised for some reason, then people would still not know the sending address in a transaction thanks to stealth addresses.
is Monero fungible?
Every Monero remains equal and identical to any other Monero. It is the property of a crypto asset whose units/value are capable of mutual substitution no matter what historical transactions occurred in the past.
Who is behind Monero?
Monero has the best team. Over 270 contributors have brought Monero to where it is today. The vast majority of people donate their time to help Monero, but a few get paid through the Forum Funding System (FFS). This is how Monero can be a strong project despite not taking a portion of the block rewards or launching with a premine.
Am I a bad person to consider using this?
No, Monero is freedom money. You can do whatever you want with it, whenever you want, where ever you want. We make it clear that you should own your wealth 100%. What you do with it, is none of our concern.

TechnicalTechnical

Key metricsKey metrics

Source Code Repositories

monero-project/monero 3934 Stars 277 Contributers 359 Open Issues

Monero: the secure, private, untraceable cryptocurrency

EconomicsEconomics

Tradeable CoinsTradeable Coins
17,099,499 (100% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance XMR/BTC $93.27 -0.07% $4,012,065 0.05% 0.23%
Bitfinex XMR/BTC $93.36 0.02% $2,064,206 0.15% 0.28%
Binance XMR/USDT $93.30 -0.05% $722,736 0.21% 0.28%
Kraken XMR/BTC $93.34 0% $649,982 0.13% 0.21%
Bitfinex XMR/BUSD $93.34 0% $587,409 0.13% 0.18%
Poloniex XMR/BTC $93.44 0.1% $423,570 0.35% 0.45%
Kraken XMR/USD $93.25 -0.1% $397,354 0.12% 0.12%
Poloniex XMR/USDC $94.09 0.8% $247,735 0.66% 0.66%
Binance XMR/ETH $93.09 -0.27% $246,617 0.22% 0.49%
Kraken XMR/EUR $94.18 0.9% $216,982 0.17% 0.22%
Bittrex XMR/BTC $93.45 0.12% $115,787 0.36% 0.44%
Binance XMR/BNB $93.41 0.08% $90,506 0.19% 0.57%
Upbit XMR/KRW $92.10 -1.3% $66,292 0.18% 0.8%
Poloniex XMR/USDT $93.04 -0.32% $62,651 0.56% 0.69%
Gate.io XMR/USDT $93.71 0.39% $49,106 0.5% 0.94%
Poloniex LTC/XMR $93.43 0.09% $11,557 1.4% 1.4%
Bittrex XMR/USDT $94.52 1.3% $10,735 0.62% 0.62%
Bittrex XMR/ETH $93.20 -0.15% $10,443 0.4% 0.53%
Poloniex DASH/XMR $93.43 0.09% $5,118.63 1.3% 1.4%
Poloniex ZEC/XMR $93.43 0.09% $4,415.75 1.1% 1.9%
Gate.io XMR/BTC $92.59 -0.8% $301.40 0.87% 3.4%
Poloniex MAID/XMR $93.43 0.09% $277.33 2.3%
Poloniex BCN/XMR $93.43 0.1% $53.80 1.6%
Poloniex NXT/XMR $93.43 0.1% $9.6740 2.4%

Latest Monero NewsLatest Monero News

State-Sponsored Chinese Hacking Group Is Targeting Crypto Firms: Report

A Chinese espionage operator is attacking crypto firms during state-sponsored campaigns, according to a FireEye Threat Intelligence report published August 2. The intelligence company “assesses with high confidence” that APT41, a hacking collective, has moved on from financially motivated attacks of video game...

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Cryptojackers Making Secondary Income Off Security Data Seizures: Report

In the wake of lower cryptocurrency prices, ghost mining hackers are turning to metadata seizures. In a report issued today, cybersecurity firm Carbon Black says a well-known 2018 monero crypto mining botnet contained a secondary component capable of seizing IP addresses, domain info, usernames, and passwords. Dubbed...

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At-Home Crypto Miner Coinmine Now Pays Out Bitcoin

Coinmine, a tool some call the Xbox of crypto, will now be able to mine bitcoin. The device was able to mine monero, zcash, grin, and ethereum at launch, a set of cryptocurrencies that had a low enough difficulty threshold to allow for the average miner to see a minimal return. The addition of bitcoin – an established...

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Crypto Is an Important Defense Against Today’s Orwellian Surveillance

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly , a custom-curated newsletter delivered every Sunday exclusively to our subscribers. “Privacy is dead. Get over...

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Monero Price Analysis - Consensus algorithm change slated for October

Created in April 2014, Monero ([XMR](https://bravenewcoin.com/data-and-charts/assets/XMR/price)) is classified as a privacy coin due to untraceable, unlinkable, private, and analysis resistant transactions. The cryptocurrency is now down 76% from the all-time high of nearly $500, established in December 2017. The...

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New Monero Botnet Looks Like Last Year’s Outlaw Attack

There’s another Monero mining botnet that’s targeting China. Or maybe it’s one we’ve seen before. Bloggers steeped in the hacker-verse recently exposed a URL spreading a botnet that looks suspiciously like one unleashed by the Outlaw hacking group last year . The Outlaw outfit — a name coined by its discoverers at...

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Inside Monero’s ‘Last Ditch Effort’ to Block Crypto Mining ASICs

Developers behind the popular privacy coin monero are ramping up their efforts to keep specialized mining hardware from operating on the cryptocurrency network. Called RandomX, the code is based off the work of Howard Chu – CTO and founder of computer software firm Symas Corporation – who also developed Lightweight...

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Desktop Crypto Mining App HoneyMiner Comes to MacOS

HoneyMiner, a desktop-based crypto mining application, has released a new version for MacOS users. HoneyMiner , which launched in July 2018, accesses your CPU or GPU and uses it to mine various cryptos. A central server points the connected machines at a certain target like ethereum, ethereum classic, zcash, monero...

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Monero Price Analysis - Incremental upgrades

Created in April 2014, Monero ([XMR](https://bravenewcoin.com/data-and-charts/assets/XMR/price)) is classified as a privacy coin due to untraceable, unlinkable, private, and analysis resistant transactions. The cryptocurrency has dropped 88% from the all-time high of nearly $500, established in December 2017. The...

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Six Cryptocurrencies to Watch in 2019

Photo: QuoteInspector Following last year’s very well publicized crisis moment for Bitcoin , it’s very tempting to believe that the moment for cryptocurrency has passed. The market of cryptocurrencies is unstable and this has rocked the confidence in it significantly. However, Bitcoin has performed quite well in the...

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This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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