Coins: 2164
Exchanges: 159
Dominance:
BTC 42.4%
ETH 16.1%
BCH 4.73%
  • Market Cap
    $2,296,709,024.46
  • 24 Hour Trading Vol
    $30,210,674.76
  • 24h Low / 24h High
    $137.78 / $146.75
  • Available Supply
    16.2 Million / 18.4 Million
XMR
USD

Monero (XMR) Overview

Complete Metrics Score
71%
Total
Major Exchanges Trading Activity
63%
Liquidity
Source Code Repository Activity
90%
Developer
Social Media & Discussion Board
63%
Community
Price Chart
About

What is Monero?
Monero (XMR) is a new privacy-centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system. Monero uses a special kind of cryptography to ensure that all of its transactions remain 100% unlinkable and untraceable. In an increasingly transparent world, you can see why something like Monero can become so desirable.

Origins of Monero
In July of 2012, Bytecoin, the first real life implementation of CryptoNote, was launched. While bytecoin had promise, people noticed that 80% of the coins were already published. So, it was decided that the bytecoin blockchain will be forked and the new coins in the new chain will be called Bitmonero, which is was then renamed Monero, meaning “coin” in Esperanto. In this new blockchain, a block will be mined and added every two mins.

Why Monero?

#1: Unlinkability - Your identity is completely private

You have complete control over your transactions. You are responsible for your money. Because your identity is private no one will be able to see what you are spending your money on. When you send funds to someone’s public address, what happens is that you actually send the funds to a randomly created brand new one-time destination address.

This means that the public record does not contain any mention that funds were received to the recipient’s public address. In Monero, your public address will never appear in the public record of transactions. Instead, a 'stealth address' is recorded in a way that only you, the receipient, can recognize the incoming funds.

#2: Fungibility

Fungibility is interchangeability between one asset and another asset of the same type.

Suppose you borrowed $50 from your friend, you can even return the money in the form of 1 $50 bill or 5 $10 bill, It is still fine. This shows that the dollar has fungible properties. However, if you were to borrow someone’s car for the weekend and come back and give them some other car in return, then that person will probably punch on the face. Cars, in this example, are a nonfungible asset.

What is CryptoNote?
CryptoNote is the application layer protocol that fuels various decentralized currencies. While it is similar to the application layer which runs bitcoin in many aspects, there a lot of areas where the two differ from each other. CryptoNote features an entirely new code base and is not a fork of Bitcoin. More info about CryptoNote can be found at their website https://cryptonote.org/.

CryptoNote uses Ring Signatures to conceal sender identities via mixing and it also has unlinkable transactions that is achieved using 1-time keys for each individual payments. Ring signatures enable ‘transaction mixing’ to occur. Transaction mixing means that when funds are sent, the sender randomly chooses several other users’ funds to also appear in the transaction as a possible source of the funds being sent.

The cryptographical nature of the ring signature means that no one can tell which of the funds were really the source of the transaction – not even the person that gave the funds to the sender in the first place. A system of ‘key images’ associated with each ring signature ensures that although no one can tell the true source of the funds, it can be easily detected if the sender attempts to anonymously send their funds twice.

Quick Stats
Monero Price $141.44
Monero Price in BTC Ƀ0.01931725
Market Cap $2,296,709,024.46
Trading Volume $30,210,674.76
24h Low / 24h High $137.78 / $146.75
Gecko Rank #9
Market Cap Rank #13
All-Time High $542.33
Since All-Time High
-74%
All-Time High Date 2018-01-09 (6 months)
24 Hours
-2.9%
7 Days
13%
14 Days
2.1%
30 Days
12%
60 Days
-28%
1 Year
300%
Twitter Sentiment
Powered by iunera
Links
Homepage https://getmonero.org
Announcement BitcoinTalk Thread
Blockchain/Supply http://monerovision.com/http://moneroblocks.info
Discussion Forum https://forum.getmonero.org/
Misc. Info
Genesis Date April 18, 2014 (over 4 years)
Hashing Algorithm Cryptonight
Hashrate N/A
Block Time 2.0 minutes
Available/Total Supply 16.2 Million / 18.4 Million
# Exchange Pair Price 24h Volume Volume %
1
Updated less than a minute ago
$141.37
0.01931 BTC
$9,147,582.78
64705.350 XMR
45.83%
2
Updated 2 minutes ago
$141.53
0.019324 BTC
$4,368,417.43
30865.330 XMR
21.88%
3
Updated 15 minutes ago
$142.06
142.06 USD
$2,749,151.80
19352.047 XMR
13.77%
4
Updated 5 minutes ago
$141.87
141.87 USD
$1,955,143.95
13781.236 XMR
9.79%
5
Updated 2 minutes ago
$141.22
0.019285 BTC
$1,742,659.76
12339.988 XMR
8.73%
3125
Stars
442
Watchers
1587
Forks
175
Contributors
2234
Merged Pull Requests
1167 / 1411
Closed Issues / Total Issues