What kind of currency is Monero? Introduction to Monero's official website, circulation and trading platform

Monero, a privacy-focused cryptocurrency, boasts a decentralized network, untraceable transactions via ring signatures, and a capped supply of 18.4 million XMR.

Oct 01, 2024 at 02:30 am

What is Monero? An Overview of Monero's Official Website, Circulation, and Trading Platforms

Monero (XMR) is a decentralized, privacy-focused cryptocurrency that emphasizes fungibility and anonymity. It was launched in April 2014 as a fork of the Bytecoin protocol.

Official Website:

Monero's official website is located at https://www.getmonero.org/. It provides an overview of the cryptocurrency, its features, and resources for users.

Circulation:

As of February 23, 2023, the circulating supply of Monero is approximately 18.4 million XMR. The maximum supply is capped at 18.4 million XMR.

Trading Platforms:

Monero can be traded on a variety of cryptocurrency exchanges, including:

Binance
Kraken
KuCoin
Bittrex
Huobi Global

Key Features:

Ring Signatures: Monero uses ring signatures to conceal the identity of senders and recipients, making transactions untraceable.
Stealth Addresses: Stealth addresses are one-time addresses used to protect the privacy of recipients.
Bulletproofs: Bulletproofs are a type of zero-knowledge proof that allows users to prove they have a certain amount of funds without revealing the actual amount

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