Monero is a cryptocurrency that seeks to provide absolute transnational privacy in an effort to create true electronic cash. With unlinkable and untraceable transactions Monero is resistant to blockchain analysis. To achieve this Monero uses ring signature to obfuscate spending of outputs by allowing you to do a 1-of-N input for a transaction. A passive feature built in to the core of Monero that doesn’t require third-party participation unlike features found in Dash or CoinJoin for Bitcoin. Monero is a Proof-of-Work cryptocurrency that can be mined with computational power from a CPU or GPU. There are currently no ASICs for Monero, which means that anyone with a computer can mine it.
Learn more about Monero
|Symbol / Tag||XMR|
|Genesis Block Created||April 2014|
|Block Time||2 Minutes|
|Total Coins to be Issued||18,446,744,073,709,551,616|
|Downloads||Linux, Mac, Windows|
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To get started with Monero you first need to download a wallet for your particular device and operating system. A Monero wallet stores your private keys and enables you to send and receive monero. Please visit our guide where we explain the best practices you can implement to help keep your holdings secure. You can choose between desktop, mobile, web or hardware wallets designed for a variety of operating systems below:
The easiest way to buy Monero is through a cryptocurrency exchange. There exist a variety of exchanges where you can trade Monero for Bitcoin or other cryptocurrencies. Below you’ll find exchanges currently trading Monero:
The Monero mining process involves compiling recent transactions into blocks while trying to solve a computationally difficult puzzle. The first participant (miner or group of miners) who solves the puzzle gets to place the next block on the blockchain and claim the rewards. The rewards incentivize miners to uphold and secure the Monero network. Be sure to read our quick-start guide on some of the intricacies that are involved with mining cryptocurrencies. Below you’ll find Monero mining software and hardware you can use to be a successful miner.