Monero
Symbol
XMR

Descrption:Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.

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evaluation
Information
WebSite https://getmonero.org/
GitHub monero-project/monero
Update Date 2018 Aug 31 06:08:39
Market
Circulating Supply 16,436,557
Total Supply 16,436,557
Max Supply 0
Price $113.8502
Volume 24h $31,129,362
Market Cap $1,871,305,220
Change 24h -4.51%
Update Date September 26th 2018, 1:02:28 am

CryptoNote

v2.0

Principle and design goals

Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe.

Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Monero provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions.

Sending and receiving addresses as well as transacted amounts are obfuscated by default. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.

Monero is fungible because it is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.

Technology implementation

Consensus mechanism

Monero is more than just a technology. It’s also what the technology stands for. Some of the important guiding philosophies are listed below.

Security

Users must be able to trust Monero with their transactions, without risk of error or attack. Monero gives the full block reward to the miners, who are the most critical members of the network who provide this security. Transactions are cryptographically secure using the latest and most resilient encryption tools available.

Privacy

Monero takes privacy seriously. Monero needs to be able to protect users in a court of law and, in extreme cases, from the death penalty. This level of privacy must be completely accessible to all users, whether they are technologically competent or have no idea how Monero works. A user needs to confidently trust Monero in a way that this person does not feel pressured into changing their spending habits for risk of others finding out.

Decentralization

Monero is committed to providing the maximum amount of decentralization. With Monero, you do not have to trust anyone else on the network, and it is not run by any large group. An accessible “Proof of Work” algorithm makes it easy to mine Monero on normal computers, which makes it more difficult for someone to purchase a large amount of mining power. Nodes connect to each other with I2P to lower the risks of revealing sensitive transaction information and censorship (tba). Development decisions are extremely clear and open to public discussion. Developer meeting logs are published online in their entirety and visible by all.

Accounts and transactions

Smart contract system

Cryptography

Distributed storage protocol

Cross-chain and exchange technology

Special technology

Economic model and incentive

Governance mechanism

Applications

Contributors

No contributors information for the version. to see perfessional version!

Comment

comment/score
Whitepaper similarity
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No analysis results for the version. to see perfessional version!

Code similarity
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