Monero (XMR) is a crypto asset that touts private blockchain activity via various technologies. The XMR coin runs on its own native proof-of-work (PoW) blockchain, with all XMR transactions and their related parties private by default. Monero's blockchain has a block time of approximately two minutes, with blocks having flexibility (to a degree) in terms of block size.
What is Monero (XMR)?
Built from code called CryptoNote, Monero came into existence in 2014. The Monero community touts Monero as a project that prioritizes privacy and security.
Many blockchains and their native assets are public, meaning virtually anyone can check a block explorer online and see amounts of assets sent between addresses — but the addresses are typically strings of characters, so they are essentially anonymous. However, it is possible in some cases to determine the identity of asset transactors via these public addresses. Monero automatically hides this information.
How does Monero (XMR) work?
Monero relies on a number of technologies for its reported privacy characteristics. The asset's system uses Ring Signatures to muddle the clarity around who actually digitally signed a given transaction. Monero also conceals the sum of XMR transacted using a technology called Ring Confidential Transactions (RingCT). Single-use addresses, called Stealth Addresses, are also part of Monero's system, among other examples.
XMR crypto price
Looking to see the Monero price today? The XMR crypto asset is priced live in U.S. dollars (USD) at the top of the page, shown as an XMR to USD price. The XMR marketcap, an XMR price chart and more are also available above. Wondering about the Monero (XMR) total supply? XMR does not have a cap on its maximum coin supply.
