Q19893485
Monero (; abbreviation: XMR) is a blockchain-based cryptocurrency which is private, untraceable, fungible, and decentralized.
AI overview
Monero is a digital currency that operates on blockchain technology and is designed to keep transactions private and untraceable, making it different from more transparent cryptocurrencies like Bitcoin. It matters because it prioritizes user privacy and financial anonymity in a way that many other cryptocurrencies do not, though this feature has also made it controversial due to potential misuse.
AI-generated from the Wikipedia summary — may contain errors.
Key facts
- Cryptocurrency.currency_name
- Monero
- Cryptocurrency.image_1
- Monero-Logo.svg
- Cryptocurrency.plural
- moneroj
- Cryptocurrency.ticker_symbol
- XMR
- Cryptocurrency.code
- XMR
- Cryptocurrency.author
- Nicolas van Saberhagen
- Cryptocurrency.white_paper
- "CryptoNote v 2.0"
- Cryptocurrency.forked_from
- Bytecoin
- Cryptocurrency.latest_release_version
- 0.18.4.6
- Cryptocurrency.status
- Active
- Cryptocurrency.operating_system
- Linux, Windows, macOS, Android, FreeBSD
- Cryptocurrency.platforms
- x86, x86-64, ARM, RISC-V
Article
12 sectionsContents
- Background
- Privacy
- Transaction tracing research
- Mining
- Use
- Darknet markets
- Mining malware
- Ransomware
- Regulatory responses
- See also
- References
- External links
Monero (; abbreviation: XMR) is a blockchain-based cryptocurrency which is private, untraceable, fungible, and decentralized.
The protocol is open source and based on CryptoNote v2, 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. 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 against application-specific integrated circuit (ASIC) mining.