XMR Price Live Data

The live Monero price today is $305.39 USD with a 24-hour trading volume of $197,362,611 USD. We update our XMR to lớn USD price in real-time. Monero is down 1.07% in the last 24 hours. The current ranking is #29, with a live sầu market cap of $5,491,440,915 USD. It has a circulating supply of 17,981,985 XMR coins & the max. supply is not available.

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If you would like khổng lồ know where khổng lồ buy Monero, the top exchanges for trading in Monero are currently Binance, OKEx, Huobi Global, ZBG, và BiONE. You can find others listed on our crypto lớn exchanges page.

What Is Monero (XMR)?

Monero was launched in 2014, và its goal is simple: khổng lồ allow transactions lớn take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy khổng lồ trace payments bachồng khổng lồ their original source because blockchains are transparent. On the other hand, XMR is designed khổng lồ obscure senders and recipients alike through the use of advanced cryptography.

The team behind Monero say privacy and security are their biggest priorities, with ease of use và efficiency coming second. It aims to lớn provide protection khổng lồ all users — irrespective of how technologically competent they are.

Overall, XMR aims lớn allow payments to lớn be made quickly and inexpensively without fear of censorship.

Who Are the Founders of Monero?

Seven developers were initially involved in creating Monero — five sầu of whom decided to remain anonymous. There have sầu been rumors that XMR was also invented by Satoshi Nakamokhổng lồ, the inventor of Bitcoin.

XMR’s origins can be traced back to lớn Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012. Two years later, a member of the Bitcointalk forum — only known as thankfulfortoday — forked BCN’s codebase, & Monero was born. They had suggested “controversial changes” lớn Bytecoin that others in the community disagreed with & decided to lớn take matters into lớn their own hands.

It’s believed that hundreds of developers have sầu contributed khổng lồ XMR over the years.

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What Makes Monero Unique?

There are several things that make Monero quality. One of the project’s biggest aims is achieving the greakiểm tra màn chơi of decentralization possible, meaning that a user doesn’t need to trust anyone else on the network.

Privacy is achieved through a few distinctive features. Whereas each Bitcoin in circulation has its own serial number, meaning that cryptocurrency usage can be monitored, XMR is completely fungible. By default, details about senders, recipients & the amount of crypto being transferred are obscured — và Monero advocates says this offers an upper hvà over rival privacy coins such as Zcash, which are “selectively transparent.”

Obfuscation is achieved through the use of ring signatures. Here, past transaction outputs are picked from the blockchain và act as decoys, meaning that outside observers can’t tell who signed it. If Ian was sending 200 XMR to Susan, this amount could also be split inkhổng lồ random chunks khổng lồ add a further level of difficulty.

To ensure that transactions cannot be linked khổng lồ one another, stealth addresses are created for every single transaction that are only used once.

All of these distinctive sầu features have led to lớn XMR being increasingly used for illicit transactions instead of Bitcoin — especially on darknet markets. Governments around the world, especially the U.S., have sầu also offered hundreds of thousands of dollars to lớn anyone who can craông chồng Monero’s code.

Related Pages:

Find out about Zcash, another privacy coin

All you need to know about the basics of crypto

What is a ring signature? Blog: Interviews with top cryplớn influencers

How Many Monero (XMR) Coins Are There in Circulation?

Monero is slightly unusual as a token sale wasn’t held for XMR — và no tokens were premined either. At the time of writing, the circulating supply of XMR stands at 17,703,471.

This cryptocurrency is designed lớn be resistant lớn application-specific integrated circuits, which are commonly used for mining new Bitcoin. In theory, this means that it can be possible to mine XMR using everyday computing equipment.

Overall, there will eventually be a total of 18.4 million XMR in circulation — và this cap is expected khổng lồ be reached on May 31, 2022. After this, miners will be incentivized using “tail emissions,” with a small amount of XMR being fed into the system every 60 seconds as a reward. It is believed this approach is more effective than relying on transaction fees.

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How Is the Monero Network Secured?

One of Monero’s main goals has khổng lồ prevent centralization — & this network uses a consensus mechanism called CryptoNight, which is based on proof-of-work. This prevents large mining farms from becoming a dominant force.

Where Can You Buy Monero (XMR)?

Because of its nature as a privacy coin, XMR isn’t listed on some major exchanges. For example, although you can buy XMR on Binance, it isn’t supported by Coinbase. As a result, you may need to convert your fiat into lớn Bitcoin and go through a smaller trading platkhung. This guide helps explain how you can convert fiat currencies into lớn crypto with ease.