This article is about the cryptocurrency. For other uses, see Monero (disambiguation).
Privacy-focused cryptocurrency
Monero
Denominations
Plural
moneroj
Code
XMR
Precision
10−12
Subunits
1⁄1000
millinero
1⁄1000000
micronero
1⁄1000000000
nanonero
1⁄1000000000000
piconero[1]
Development
Original author(s)
Nicolas van Saberhagen
White paper
"CryptoNote v 2.0"
Initial release
18 April 2014 (10 years ago) (2014-04-18)
Latest release
0.18.3.3 / 2 April 2024 (36 days ago) (2024-04-02)
Code repository
github.com/monero-project/
Development status
Active
Operating system
Linux, Windows, macOS, Android, FreeBSD
Source model
FOSS
License
MIT License
Ledger
Timestamping scheme
Proof-of-work
Hash function
RandomX
Block reward
XMR 0.6
Block time
2 minutes
Supply limit
Unlimited
Website
Website
getmonero.org
Monero (/məˈnɛroʊ/; Abbreviation: XMR) is a cryptocurrency which uses a blockchain with privacy-enhancing technologies to obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading Monero, transaction amounts, address balances, or transaction histories.[2]
The protocol is open source and based on CryptoNote, a concept described in a 2013 white paper authored by Nicolas van Saberhagen. Developers used this concept to design Monero, and deployed its mainnet in 2014. The Monero protocol includes various methods to obfuscate transaction details, though users can optionally share view keys for third-party auditing.[3] Transactions are validated through a miner network running RandomX, a proof-of-work algorithm. The algorithm issues new coins to miners and was designed to be resistant to application-specific integrated circuit (ASIC) mining.
Monero's privacy features have attracted cypherpunks and users desiring privacy measures not provided in other cryptocurrencies. It is used in illicit activities such as money laundering, darknet markets, ransomware, cryptojacking, and other organized crime. The United States Internal Revenue Service (IRS) has posted bounties for contractors that can develop Monero-tracing technologies.[4]
^"Moneropedia: Denominations".
^Braun-Dubler, Nils; Gier, Hans-Peter; Bulatnikova, Tetiana; Langhart, Manuel; Merki, Manuela; Roth, Florian; Burret, Antoine; Perdrisat, Simon (16 June 2020). Blockchain: Capabilities, Economic Viability, and the Socio-Technical Environment. vdf Hochschulverlag AG. pp. 165–167. ISBN 978-3-7281-4016-6.
^Lacity, Mary C.; Lupien, Steven C. (8 August 2022). Blockchain Fundamentals for Web 3.0: -. University of Arkansas Press. pp. 9–33. ISBN 978-1-61075-790-4.
^Cite error: The named reference :0 was invoked but never defined (see the help page).
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