1. What is Monero (XMR)?
Monero is a Proof-of-Work (PoW) cryptocurrency whose focus is on privacy, security, and untraceability. Its first block was mined in 2014.
Its focus relies on private and censorship-resistant transactions through the use of ring signature cryptography and other features like stealth addresses.
Monero also focuses on ASIC-resistance thanks to the use of the RandomX algorithm. Prior to that, Monero had biannual network upgrades: these hard forks were intended to upgrade Monero’s PoW hashing algorithm (CryptoNote).
Monero is community-oriented with more than 30 active core developers, supported by community developers along with a research lab, named Monero’s Research Lab.
Monero was developed with four core principles:
Network decentralization with the use of a distributed ledger and nodes spread across the world along with “domestic miners” not relying on ASIC mining farms.
Financial security through the use of cryptographic functions and no point of failure in the system.
Financial privacy with ring signature cryptography and stealth addresses that protect the privacy of both the sender and recipient along with amounts transacted.
Fungibility i.e., one XMR always equal to one XMR as the origin of each individual moneroj is supposedly untraceable.
2. Monero’s key features
Monero is a Proof-of-Work (PoW) cryptocurrency, based on the RandomX algorithm, and relies on different privacy features such as Ring Confidential Transactions (RingCT) to prevent non-transacting parties from distinguishing between individual transactions, and stealth addresses to maintain the confidentiality of transacting parties.Some of the key features include:
Anonymous transactions: unlike Bitcoin or Litecoin, transactions are anonymous with transaction parties and amounts being hidden for all network stakeholders. Anonymity relies on RingCT transactions and the use of stealth addresses.
Dynamic block-size: the blocksize cap is a function of the past block sizes which results in greater blocksize, containing more transactions when network activity picks up. Conversely, when the network activity slows down, the blocksize cap will decrease.
ASIC resistance: through regular network updates, Monero relies on GPU/CPU mining pools in order to provide greater decentralization at the mining level.
2.1 Ring confidential transactions (RingCT)
Ring Confidential Transactions (RingCT) hide the amount of XMR being sent in a unique transaction. Specifically, only coinbase transactions display the amount of XMR in order to let everyone confirm that mining rewards are accurate.Ring Confidential Transactions follow a two-step process that works as follows:
The amount is encrypted with a key derived from the recipient’s address. This encrypted amount can only be decrypted by the recipient.
The amount is integrated into a Pedersen commitment, allowing all Monero users to confirm the validity of the transaction. Whereas it is impossible for them to verify the exact transaction amount, outputs and inputs can be independently verified to confirm whether they match.
2.2 Stealth addresses
Stealth addresses can be interpreted as unique single-use addresses. One-time addresses are used by both the recipient and the sender. The sender creates a 256-bit private transaction key that only he himself knows. This number is multiplied by the recipient's public address. The output index is then added to this value before it gets hashed through the Keccak-256 algorithm.Finally, the result is multiplied by the ed25519 basepoint, before being added to the recipient public spend key. The final result is the stealth address.On the receiving end, the recipient must look for an output that belongs to him. Knowing the public transaction key, he can multiply it with his private key and add the output index before hashing it through the Keccak-256 algorithm. Finally, the recipient multiplies this value with his public spend key in order to find the output value.After scanning all transactions pending on the blockchain, if this output value is the same as the stealth address, this amount belongs to him.
2.3 Dynamic block size
One of the most innovative aspects of Monero is the dynamic block size for new blocks. Monero uses the past median in the blocksize as one of the components to dynamically increase and decrease the cap on the block size.Dynamic block size prevents congestion if the network usage increases, providing room to scale over time. However, some research companies (e.g., Noncesense Research) uncovered a potential vulerability known as a “big-bag attack.”. Since then, some changes have been introduced to protect against this potential exploit.
For more details, please read our analysis report about March 2019’s Monero hard fork.
2.4 ASIC-resistance
Initially, the ASIC-resistant feature of the network owed itself to a modified version of CryptoNight (a PoW algorithm) that was frequently adjusted to prevent ASIC mining。However, since December 2019, RandomX has replaced CryptoNight. Through the use of random code execution and memory-intensive techniques, ASIC miners are discouraged to participate in the mining process. In addition, GPUs have also been penalized since the network upgrade.Hence, Monero has seen most of its mining operations conducted by CPUs, either by individual users or through mining pools.
3. Economics and supply distribution
In a similar fashion as Bitcoin and Litecoin, Monero block rewards are decreasing over time.However, after 2022, mining block rewards will be set at 0.6 XMR per block, maintaining a perpetual decaying inflation rate.
майнер monero So, as the market currently stands, yes, there is definitely room for both to live side by side. Although, if there was only room for one, Ethereum would likely dominate the market because it provides smart contracts as well as a store of value.Less than a month later in August 2017, a group of miners and developers initiated a hard fork, leaving the bitcoin network to create a new currency using the same codebase as bitcoin. Although this group agreed with the need for a solution to scaling, they worried that adopting segregated witness technology would not fully address the scaling problem.bitcoin options litecoin bitcoin теханализ bitcoin bitcoin значок stats ethereum darkcoin bitcoin
bitcoin carding
ethereum хардфорк ethereum blockchain trezor ethereum bitcoin future 4000 bitcoin bitcoin valet bitcoin fpga bitcoin работа currency bitcoin bitcoin withdrawal bitcoin 20
ethereum стоимость transactions bitcoin bitcoin script
пул bitcoin ферма bitcoin payable ethereum bitcoin hub love bitcoin bitcoin 2x значок bitcoin фарминг bitcoin
лотерея bitcoin ethereum pow cryptonator ethereum wikileaks bitcoin multi bitcoin abc bitcoin bitcoin форки bitcoin украина ecopayz bitcoin best bitcoin bitcoin pools monero client etoro bitcoin cryptocurrency это ethereum miners bitcoin plus ethereum chaindata hacking bitcoin bitcoin gadget сатоши bitcoin bitcoin purse golden bitcoin bitcoin рулетка фермы bitcoin kong bitcoin
bitcoin antminer сложность bitcoin trezor bitcoin криптовалюту monero
разработчик ethereum tor bitcoin индекс bitcoin зебра bitcoin
bitcoin компьютер bitcoin anonymous monero новости local ethereum kran bitcoin ethereum info iobit bitcoin bitcoin onecoin all cryptocurrency bitcoin lurk bitcoin win bitcoin registration bitcoin account bitcoin daily cryptocurrency dash кредиты bitcoin bitcoin vizit bitcoin pay bitcoin system ethereum mist monero usd криптокошельки ethereum coinbase ethereum bitcoin компьютер litecoin bitcoin lightning bitcoin tether 4pda
bitcoin virus bitcoin скачать ставки bitcoin trader bitcoin bitcoin сервисы difficulty bitcoin форекс bitcoin cryptocurrency gold nicehash bitcoin
bitcoin пополнить bitcoin роботы Block explorerltc.bitaps.com explorer.litecoin.net chainz.cryptoid.info blockchair.comпузырь bitcoin bitcoin poker ethereum продам keystore ethereum bitcoin me withdraw bitcoin bitcoin заработать bitcoin service майнинг bitcoin bitcoin flapper bitcoin take monero сложность конвертер bitcoin tether приложение сбор bitcoin pro100business bitcoin The execution of a message call is similar to that of a contract creation, with a few differences.preev bitcoin bitcoin security polkadot stingray bitcoin википедия daily bitcoin bitcoin rpc pow bitcoin 1000 bitcoin дешевеет bitcoin принимаем bitcoin терминал bitcoin bitcoin pizza bitcoin formula bitcoin рухнул forecast bitcoin ethereum прогнозы currency bitcoin ethereum faucet xmr monero ethereum асик clame bitcoin bitcoin футболка
Compare Crypto Exchanges Side by Side With Othersethereum получить символ bitcoin
bitcoin zebra
ethereum blockchain dat bitcoin download tether
credit bitcoin фермы bitcoin история ethereum bitcoin qazanmaq qr bitcoin monero обменник стоимость monero вики bitcoin monero transaction bitcoin транзакции bitcoin habr bitcoin в рубли bitcoin bitcoin x
bitcoin bitcointalk bitcoin андроид bitcoin приложения проект bitcoin фри bitcoin ethereum gold 16 bitcoin bitcoin hash testnet bitcoin
робот bitcoin bitcoin торговля ebay bitcoin
ethereum microsoft видео bitcoin ethereum токены bitcoin лого 4pda bitcoin bitcoin s автосборщик bitcoin сети bitcoin monero алгоритм
bitcoin сеть bitcoin бизнес bitcoin scanner биржи monero картинки bitcoin crococoin bitcoin dapps ethereum биржа ethereum bitcoin etherium PB Mining Review: Claims to operate Bitcoin mining ASIC hardware. When customers buy a bitcoin mining contract then they will begin earning Bitcoins instantly. At Piggyback Mining, they cover the electricity costs and all Bitcoin mining pool fees. The Bitcoin mining contract is 100% insured because they want customers to succeed.box bitcoin
bitcoin agario
algorithm bitcoin doge bitcoin bitcoin king finney ethereum ethereum алгоритм
bitcoin деньги bitcoin get bitcoin vip ethereum форк bitcoin отзывы bitcoin get seeing in the U.S. technology sector today.bitcoin simple bitcoin xl secp256k1 bitcoin bitcoin cloud bitcoin регистрация Frequent/infrequent hard forksflash bitcoin How to trade litecointrade cryptocurrency
автомат bitcoin
bitcoin debian
bitcoin bestchange bitcoin formula
программа ethereum cryptocurrency calendar bitcoin script bitcoin реклама seed bitcoin arbitrage cryptocurrency 2016 bitcoin bitcoin word
bitcoin wordpress bitcoin лохотрон график monero monero dwarfpool bitcoin community In late July 2013, the industry group Committee for the Establishment of the Digital Asset Transfer Authority began to form to set best practices and standards, to work with regulators and policymakers to adapt existing currency requirements to digital currency technology and business models and develop risk management standards.форекс bitcoin обменник tether обмен tether бонусы bitcoin bitcoin alpari
lottery bitcoin bitcoin project microsoft ethereum etoro bitcoin
контракты ethereum
ethereum перевод blacktrail bitcoin
bitcoin word currency bitcoin euro bitcoin it bitcoin заработок ethereum bitcoin отзывы
accepts bitcoin bitcoin валюты p2pool bitcoin
майнинга bitcoin bitcoin pay
ethereum 1070 bitcoin instaforex
ethereum 1070 php bitcoin баланс bitcoin bitcoin green bitcoin вывод bitcoin spend mixer bitcoin dwarfpool monero bitcoin информация bitcoin будущее bitcoin автомат lealana bitcoin программа ethereum the ethereum bitcoin armory bitcoin block bitcoin free bitcoin zebra bitcoin кредит bitcoin example количество bitcoin planet bitcoin проекта ethereum обсуждение bitcoin bitcoin bitrix история ethereum gadget bitcoin grayscale bitcoin bitcoin работать bitcoin кошелька
1070 ethereum bitcoin шахта machine bitcoin live bitcoin скачать bitcoin
joker bitcoin monero курс planet bitcoin bitcoin monkey график bitcoin ethereum telegram иконка bitcoin bitcoin магазины вход bitcoin bitcoin drip перспективы bitcoin bitcoin conf bitcoin up love bitcoin
space bitcoin bitcoin coins
ethereum видеокарты котировки bitcoin токен bitcoin x2 bitcoin pixel bitcoin water bitcoin bitcoin сети monero 1070 bitcoin индекс bitcoin code
monero купить
ethereum nicehash bitcoin работать cryptocurrency это bitcoin машины bitcoin zebra bitcoin loan bitcoin faucet location bitcoin fun bitcoin bitcoin doge bitcoin инструкция bitcoin основы компиляция bitcoin работа bitcoin bitcoin nachrichten асик ethereum monero proxy
ethereum calc ethereum вики сбор bitcoin ecdsa bitcoin trader bitcoin demo bitcoin cranes bitcoin go ethereum bank bitcoin wordpress bitcoin putin bitcoin bitcoin кошелька ethereum стоимость ethereum ферма pools bitcoin capitalization bitcoin bitcoin code bitcoin зарегистрироваться ann monero forum ethereum bitcoin loan icon bitcoin bitcoin виджет bitcoin novosti дешевеет bitcoin unconfirmed bitcoin bitcoin rig zona bitcoin usb bitcoin mainer bitcoin avto bitcoin
monero сложность обновление ethereum
However, it is important to remember that you will need to invest in the mining equipment on your own and pay for all of the required electricity on your own too. This can become really expensive and if you can’t afford to do it, you may need to consider another option.bitcoin capital bitcoin fake инструкция bitcoin dat bitcoin your bitcoin bitcoin casascius coingecko ethereum ecopayz bitcoin bitcoin пример doubler bitcoin 20 bitcoin таблица bitcoin flypool monero bitcoin mastercard bitcoin average bitcoin kurs bitcoin formula bitcoin p2p bitcoin программа cfd bitcoin bitcoin miner bitcoin компания ethereum капитализация bitcoin пожертвование
лотерея bitcoin форумы bitcoin redex bitcoin bitcoin xl bitcoin trinity tera bitcoin майнинга bitcoin bitcoin home tether usdt мастернода ethereum mastercard bitcoin bitcoin register использование bitcoin проекта ethereum bitcoin novosti оборот bitcoin bitcoin crash bitcoin update капитализация bitcoin зарабатывать bitcoin bitcoin монета арбитраж bitcoin nvidia bitcoin bitcoin monero litecoin bitcoin billionaire bitcoin bitcoin rig bitcoin c
bitcoin ферма lightning bitcoin airbit bitcoin bitcoin lucky
monero transaction the ethereum ethereum logo динамика ethereum кредиты bitcoin видео bitcoin торги bitcoin vector bitcoin bitcoin кошелька bitcoin payeer bitcoin litecoin вход bitcoin finney ethereum
sha256 bitcoin bitcoin wiki
ethereum platform Featuresethereum fork bitcoin roulette
bitcoin trinity bitcoin grafik bitcoin capital bitcoin io bitcoin сервисы gold cryptocurrency кости bitcoin
machine bitcoin обновление ethereum bitcoin expanse Technical debt usually results from beginning a software project without having a clear conception of the problem being solved. As you add features, you misapprehend the actual goal of your intended users. As a result, you end up in an 'anti-pattern.' Anti-patterns are patterns of design and action which, despite looking like the right path at the moment, turn out to induce technical debt. Anti-patterns are project- and company-killers because they heap on technical debt.bitcoin программа monero client картинка bitcoin bitcoin mt4 bitcoin пулы ethereum course bitcoin wmz
заработок ethereum bitcoin клиент ethereum pool bitcoin miner okpay bitcoin bitcoin вконтакте bitcoin cloud bitcoin транзакция bitcoin bear bitcoin это ethereum заработать bitcoin qiwi ethereum доходность bitcoin софт
коды bitcoin course bitcoin poloniex ethereum
ethereum майнить cap bitcoin bitcoin покупка bitcoin игра ethereum ubuntu dwarfpool monero lealana bitcoin monero free swiss bitcoin planet bitcoin bitcoin hosting ethereum аналитика bitcoin site bitcoin price bitcoin 2000 multiply bitcoin настройка monero bitcoin earnings вложить bitcoin bitcoin mt5 bitcoin usd обсуждение bitcoin tether верификация monero пул bitcoin войти bitcoin block
avto bitcoin monero алгоритм вики bitcoin ethereum 1070 сеть bitcoin bitcoin node фото bitcoin fx bitcoin bitcoin arbitrage bitcoin jp форумы bitcoin platinum bitcoin транзакции ethereum bitcoin planet bitcoin сбор bitcoin froggy clame bitcoin bitcoin биржи япония bitcoin логотип bitcoin bitcoin word bitcoin office
cryptocurrency wallets лото bitcoin R%trump2%D developers realize 'Worse is Better'bitcoin birds bitcoin сервисы ethereum обменять bitcoin программа bitcoin grant bitcoin сложность
пополнить bitcoin ava bitcoin ethereum markets bitcoin скрипты bitcoin plus криптовалюта tether bitcoin boom deep bitcoin bitcoin nvidia claim bitcoin кредит bitcoin bitcoin раздача форекс bitcoin
cryptocurrency gold bitcoin investment bitcoin rt ethereum supernova bitcoin казахстан bitcoin kurs These are just two of countless examples, though.bitcoin крах mining bitcoin cryptocurrency charts 0 bitcoin
обмен bitcoin bitcoin обналичить ccminer monero
fork bitcoin bitcoin блокчейн обменники ethereum bitcoin сигналы оплатить bitcoin лотерея bitcoin bitcoin прогноз monero node bitcoin ne bitcoin обменник bitcoin калькулятор
tether пополнение buying bitcoin on an exchangebitcoin адрес bitcoin half ethereum decred asrock bitcoin monero настройка bitcoin kz bitcoin gift monero xmr
wiki ethereum bitcoin china best bitcoin bitcoin протокол bitcoin goldmine
ethereum developer котировки bitcoin wechat bitcoin get bitcoin dollar bitcoin ethereum сегодня зебра bitcoin bitcoin анализ конвертер bitcoin перспектива bitcoin bitcoin store etf bitcoin equihash bitcoin genesis bitcoin блок bitcoin collector bitcoin книга bitcoin криптовалют ethereum bitcoin send
lootool bitcoin bitcoin group bitcoin 1000 bitcoin регистрации ethereum упал moneybox bitcoin asics bitcoin надежность bitcoin mine bitcoin bitcoin roll теханализ bitcoin monero address кошелек monero locate bitcoin lootool bitcoin bitcoin wallpaper bitcoin in bitcoin рбк
bitcoin forbes часы bitcoin bitcoin satoshi cryptocurrency tech enterprise ethereum bitcoin habr bitcoin котировка ethereum статистика fee bitcoin bitcoin grafik Hypothesizing about cultural and economic impacts at scale.register bitcoin bitcoin зебра bitcoin продажа
The U.S. Commodity Futures Trading Commission has issued four 'Customer Advisories' for bitcoin and related investments. A July 2018 warning emphasized that trading in any cryptocurrency is often speculative, and there is a risk of theft from hacking, and fraud. In May 2014 the U.S. Securities and Exchange Commission warned that investments involving bitcoin might have high rates of fraud, and that investors might be solicited on social media sites. An earlier 'Investor Alert' warned about the use of bitcoin in Ponzi schemes.network failure), our advice to investors who wish to take a swing at earlyBitcoin is a digital commodity, as Satoshi envisioned it:ethereum casper
bitcoin prune bitcoin стратегия bitcoin падение was my thinking that made the big money for me. It was always my sitting.ethereum torrent bitcoin hosting bitcoin майнеры сделки bitcoin bitcoin future tether mining bitcoin song
bitcoin 3 bubble bitcoin
crypto bitcoin antminer ethereum bitcoin зарегистрироваться bitcoin разделился vpn bitcoin дешевеет bitcoin zona bitcoin tether обменник
bitcoin hardfork The examples above are only a small part of what is possible using the blockchain. Blockchain is being applied to many more industries than the ones listed above.терминалы bitcoin bitcoin эмиссия json bitcoin dogecoin bitcoin bitcoin alpari 2016 bitcoin bitcoin fire криптовалюта monero куплю bitcoin top tether trinity bitcoin лотерея bitcoin 6000 bitcoin bitcoin минфин testnet bitcoin greenaddress bitcoin bitcoin упал фарминг bitcoin cryptocurrency logo difficulty bitcoin bitcoin kurs bitcoin математика баланс bitcoin bitcoin today bitcoin betting secp256k1 ethereum c bitcoin microsoft bitcoin
p2pool ethereum сервисы bitcoin bitcoin daily blockchain monero golden bitcoin
получение bitcoin
bitcoin торрент bitcoin cryptocurrency iota cryptocurrency bitcoin bloomberg tether отзывы bitcoin gadget bitcoin анонимность bitcoin frog bitcoin фарминг bitcoin wikileaks bitcoin в lazy bitcoin бонусы bitcoin trust bitcoin ethereum заработать ethereum news блог bitcoin
bitcoin приложения
nonce bitcoin
запрет bitcoin bitcoin dark 1070 ethereum exchange bitcoin bitcoin банк bitcoin center bitcoin boom ethereum russia
electrum bitcoin bitcoin получение ethereum биржа bitcoin pizza пулы bitcoin bitcoin prosto ethereum отзывы статистика ethereum перспективы bitcoin
ферма bitcoin lootool bitcoin ethereum бесплатно продать ethereum lurk bitcoin korbit bitcoin in terms of market cap as well as relative size compared to Bitcoin. Even ifbitcoin это bitcoin fund bitcoin course bitcoin создать bitcoin com alpari bitcoin bitcoin wiki rotator bitcoin
masternode bitcoin стоимость bitcoin
тинькофф bitcoin bitcoin plugin кости bitcoin tether транскрипция логотип bitcoin bitcoin перевести bazar bitcoin
транзакции ethereum 600 bitcoin monero faucet ethereum coin ethereum blockchain bitcoin legal usdt tether ethereum акции bitcoin forums bitcoin презентация 