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  • Monero hits $420 for 4.20 April 21, 2021
    ​ submitted by /u/waxnuggeteer [link] [comments]
  • Transfer amount is not the same as what the recipient got April 21, 2021
    I'm reviewing some transactions in March 2016 from an old mymonero wallet. Some of the numbers are not adding up and it's confusing. I sent four transfers to a friend and the amounts I sent don't add up to what they got. For example my wallet says I sent 0.515 XMR and when I look […]
  • “...based on RandomX formerly CryptoNote.” April 21, 2021
    submitted by /u/soccersousa [link] [comments]
  • Possible scenario if there was an inflation bug April 21, 2021
    Just a hypothetical scenario. Let's say there was an inflation bug introduced by an update that allowed someone to create millions of coins. Would it be possible for the blockchain to be rolled back before the new coins were introduced so everyone's wallet is restored or is that impossible due to the anonymous feature of […]
  • Newbie here... April 20, 2021
    Firstly I'd like to apologise if the formatting of this post is in any way incorrect. I've just started trying to get properly into cryptomining, and I've also been very wary of how I go about doing this and trading for fiat currency in the UK. All of the sources I've been able to find […]
  • Independent supply auditing tools April 20, 2021
    Could developing tools the coin supply in other languages ​​indeoendent from the core code base help identify a potential vulnerability? A third party contractor could possibly be hired to develop such a program. I think it would help with the inflation fud. Any thoughts? Has this been done before? submitted by /u/q1h1 [link] [comments]
  • Cointelegraph shilling XMR April 20, 2021
    submitted by /u/remaxi [link] [comments]
  • Dynamic spend keys April 20, 2021
    Hi, Monero community How feasible technically would be to have the feature of dynamic spend keys? I mean the ability to add and remove them on-demand, this can be implemented as a new transaction in the blockchain that requires paying a certain fee. Also put some spend limits, daily, weekly, monthly, annually. Or that can […]
  • The role Monero plays in the future of money April 20, 2021
    I think Monero is a key part of the future of money for reasons you all know. It is private, and so is fungible. Other details like tail emission are well implemented. But it’s not fast enough. Now, I don’t care about that for purchases like buying a computer, making a donation, paying rent,etc. I […]
  • What is this? What is yats? April 20, 2021
    submitted by /u/No_Kick7346 [link] [comments]

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What Is Monero ?

Monero denoted as XMR is a decentralised open-source cryptocurrency that focuses on privacy, security and scalability. Monero has cryptographic security features that shields are sending and receive and also amount transacted to be seen by prying eyes of the public. Monero is private, secure and untraceable.

We feel awkward whenever our account officer in a bank check our account details for one transaction or the other, as we think a second party is watching everything about our transactions. Bitcoin cryptocurrency came, and we started jumping up in celebrating thinking that, our financial transactions are enveloped with privacy.
Do you know that your transactions in bitcoin blockchain are viewed by the prying eyes of the public because those transactions exist in public ledger?
A group of people noticed this flaw and founded a cryptocurrency blockchain which the second party can never view transactions. That cryptocurrency is called Monero, and it was launched in 2014 by a team of seven developers.

Three extra features that made sending and receiving money more secure in Monero

Monero implements these three functions in its blockchain, they are:

Ring signatures: This feature shields where the money is coming from.

Stealth Addresses: This feature shields the destination where the money is being sent to.

RingCT (Ring Confidential Transactions): This feature shields the amount being sent.



The Monero’s team consists of seven developers, and five chose to be anonymous. The other two known faces include David Latapie and Riccardo Spagni aka “Fluffypony. These men are security experts and also experienced managers.

Practical Uses of Monero

  • It protects one’s online identity from the prying eyes of the public.
  • It is used for payment solutions.
  • Some banks use Monero’s blockchain platform for transactions.
  • It is an entirely anonymous cryptocurrency that makes people’s wealth private and fungible. Some law enforcement is having a running battle tracing people’ wealth in Monero.

Mining of Monero

Monero uses Proof of Work(PoW) called CryptoNight to mine and fully implements CPU/GPU computational power. There is no ASIC meaning anyone can mine so long as you have the required hardware and the technical know-how. Monero’s mining algorithm reduces the performance gap making XMR more expensive to mine.

You can decide to go solo mining or pool mining. In solo mining, you have enough computational power and payment of rewards comes quickly. In pool mining, there is a little fee attached to it, and there is no much computational power. The good thing about pool mining is that resolution of cryptographic problems comes faster and more blocks are added to the blockchain. The rewards are a little bit delayed.

Whichever method one chooses, mining Monero is painstaking but profitable.

Notes for Investing

Monero (XMR) has maintained a positive showing in the market capitalisation over the last 12 months, becoming a sensation in the market. The stability, privacy and worldwide acceptability Monero are getting has made it, a good investment option. In June 2016, the market capitalisation has increased from $5 million to $183 million while in July 2017.It has gotten to $720 million.

Those who purchased XMR in May 2016, got it less than $10 but today, it is over $100.Investment analysts have predicted that it will hit $200 before July 2018.It is a good investment option considering the cryptographic gladiators backing Monero.


You need to note that, cryptocurrency investment is speculative and unpredictable, and it involves risks. The market is full of uncertainty, susceptible to attack and capital loss. There are many parameters one needs to check before investing. Don’t invest only based on what you have read here, but invest based on the fact that, you have sought advice.
I wish you success!