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  • One of our MRL PhDs is not fully funded yet and it's really sad! We NEED these guys. Donate please! August 19, 2019
    submitted by /u/Rehrar [link] [comments]
  • Excess size penalty - applies only to new coins or also tx fees? August 19, 2019
    Hi all. In the CryptoNote v2.0 Whitepaper, section 6.2.3, we have the formula NewReward = BaseReward * (BlkSize / M_N - 1)2 Does this apply only to the new coins generated, or also to the collected tx fees? In other words, is the full formula Reward = NewCoins * (BlkSize / M_N - 1)2 + […]
  • Buying Monero with debit card August 19, 2019
    Anyone know a fast easy way to buy monero with my debit card submitted by /u/andrehicks7570 [link] [comments]
  • Where is my monero August 19, 2019
    I have the TX id and the transaction key and my wallet address is accurate but still no monero...Any ideas on what could possibly had happened submitted by /u/Mcwll5150 [link] [comments]
  • Monero on Tails August 19, 2019
    How do you use monero on tails, is there a wallet for it like with bitcoin, any advice is apreciated submitted by /u/teeelsn [link] [comments]
  • Should a ring contain 2 members from the same block? August 19, 2019
    I just created a transaction with one of the outputs having 2 ring members from the same block, should this not be avoided? submitted by /u/hecateheh [link] [comments]
  • Receive Money August 19, 2019
    Question, is it possible to send a Monero Link to someone who can then deposit cash via credit/debit card into the Monero Wallet? submitted by /u/SomeElseNotMe1 [link] [comments]
  • Looking to Learn about monero! August 19, 2019
    Essentially whats in the title. I have an okay knowledge of crypto in general so I am just looking for some resources to learn more about XMR! YouTube series, online webinars... Honestly anything. Additionally, If anyone knows about any crypto conferences that will have XMR speakers let me know! Thanks again! submitted by /u/FatSmellyFrog [link] […]
  • MAAM – Monero Ask Anything Monday – August 19, 2019 August 19, 2019
    Given the success of the previous MAAMs (see here), let's keep this rolling. The principle is simple: ask anything you'd like to know about Monero, especially the dumb questions that you've been keeping for you every other days, may the community clarify it all! Finally, credits to binaryFate for starting the concept! submitted by /u/AutoModerator […]
  • Bisq volume is growing!Also the price is much higher than other exchanges which shows the fungibility premium. August 19, 2019
    The premium(Bisq price over other exchange's price) is pretty significant,currently around 3-4%.Definitely not a anomaly but indicative of the btc at bisq being tainted. submitted by /u/XMRvsFSA [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!