API ID:
monero
Trade Symbol:
Coin or Token:
Max Supply:
Use Case:
Launch Date:
Coin Overview
XMR
Coin
No fixed cap
Privacy
April 18, 2014
Monero
Monero (XMR) is a cryptocurrency focused on privacy. Unlike Bitcoin or Ethereum, Monero transactions hide the sender, receiver, and amount, making it nearly impossible to trace. It’s used for private payments and as digital cash that prioritizes confidentiality. XMR is mined with CPUs and GPUs, keeping it more accessible than coins requiring specialized hardware.
A Deeper Dive
Technology & Use Case
Monero uses ring signatures, stealth addresses, and confidential transactions to ensure privacy. These technologies mix transaction details with decoys, hiding who sent money, who received it, and how much was transferred. As a result, Monero is considered the leading privacy coin, used for confidential payments, financial privacy, and censorship-resistant transactions.
Origins & Team
Monero launched in 2014 as a fork of Bytecoin, an earlier privacy-focused project. It was created by a community of anonymous developers, with “thankful_for_today” and later Riccardo Spagni (aka Fluffypony) among its early contributors. Today, development is led by a decentralized, open-source community rather than a central company or foundation.
Ecosystem & Partnerships
Monero is widely accepted by privacy-focused merchants and integrated into payment processors. It’s supported by wallets and exchanges that comply with privacy rules. While its anonymous nature has led to regulatory scrutiny, Monero remains one of the most used privacy coins, with an active community supporting ongoing development and upgrades.
A Deeper Dive
Popular Exchanges
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