Monero Price today
Monero, also known as XMR, has a price today of 173,75$ and a market capitalization of 2.790.735.872$, which is 0,76% of the total. Monero has a total of 16.061.790 coins in circulation.
In the last 24 hours, the price of Monero has decreased -4,64$, which is -2,60% of its valuation.
What is Monero?
Monero is here for the sole purpose of ensuring privacy. Other cryptocurrencies nowadays like Bitcoin or Ethereum runs on the blockchain technology that also protects the privacy. But Monero takes this privacy concern to a whole another level.
Its open sourced so anyone is welcomed to improve its structure and give it an updated look. It was first introduced in 2014 and it also runs on Android, Windows, Linux, iOS, macOS etc. Its main purpose is to improve the existing design and make all the information available on blockchain network private.
Meaning that the amount of money, the addresses or any kind of information would be encrypted and out of the reach of any third party organization.
This situation also has a bad side. A higher level of encryption enables many illicit individuals to share their funds by this mean. One has to mine to get Monero but this process is also encrypted and all the data is preserved safely.
The project to encrypt IP addresses named Kovri is still developing. After it’s done it will fully encrypt all the IP addresses too!
- No one can touch the currency when a user's on Monero network. Developers take the security concerns seriously.
- It’s a fungible process, meaning it can’t be tainted.
- It’s extremely scalable and it happens dynamically.
- One can use it in any application but it has integrated ASIC resistance.
- Monero allows the use of multiple keys to encrypt the data.
Monero is based on blockchain technology but it uses a special Proof of Work algorithm called CryptoNight. This special protocol ensures the encryption of the data stores in blockchain ledger. So, any currency can be easily replaced by another one on Monero network.Visit website open_in_new
|Price in BTC||0.02257452 BTC|
|Current Supply||16.061.790 XMR|
|24h Volume (coin)||48.851 XMR|
|24h Volume (currency)||$8.464.601|
|Last updated||2018-05-24 06:40:15 +01:00 BST|
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