Monero
| Last updated | 3 hours ago |
| Price per XMR in USD | $ 307.35766605699 |
| Price per XMR in Bitcoin | 0 |
| Volume over the last 24 hours | $ 184,567,282 |
| Market cap in USD | $ 5,669,748,205 |
| Change in % over the last hour | -0.05792494 |
| Change in % over the last 24 hours | 3.70555113 |
| Change in % over the last 7 days | -4.68914546 |
XMR specifications
| Name | Monero |
| Symbol | XMR |
| Minable | Yes |
| Algorithm | CryptoNight-V7 |
| Prooftype | PoW |
| Premine: | N/A |
Coin description
Monero is a privacy-focused cryptocurrency that prioritizes anonymity through features like ring signatures, stealth addresses, and confidential transactions. It operates on a proof-of-work consensus mechanism, utilizing the RandomX algorithm to ensure fair mining accessibility. Monero's untraceable transactions and fungibility make it a preferred choice for users seeking financial privacy.
Monero Privacy Features
Monero's resistance to ASIC mining promotes decentralization, allowing individuals to mine using consumer-grade hardware. This democratization of mining ensures that the network remains resilient and secure, even as it grows. Additionally, Monero's mandatory privacy features make it impossible to trace transactions, ensuring that users' financial activities remain confidential.
One of Monero's most significant contributions is its role in advancing the concept of fungibility in cryptocurrencies. Because all Monero transactions are private by default, every unit of XMR is indistinguishable from another, making it truly fungible. This characteristic is particularly valuable in scenarios where privacy and anonymity are paramount, such as in regions with strict capital controls or surveillance. Keywords like Monero privacy and ASIC-resistant mining are closely tied to its mission.