Monero Overview

Founded: 2014

Key persons:

Capitalization: $4,436,682,661

Trading volume (24h): $275,788,137

CoinMarketCap rank: 42

Monero (XMR) facts:

  • The project is the largest fully anonymous blockchain.

Project objective: Creating and maintaining a fully anonymous blockchain.

Current trends and future plans: Since its launch, the project has been supported by a team of enthusiasts. Due to the fact that developers supporting the project are constantly changing, you can’t really flag the person responsible for decision making. It seems that some of the core project supporters may later face some questions from the governing authorities. In general, the development and maintenance of the project’s infrastructure is funded by anonymous donations within the Monero General fund (as of summer 2021, it held 5,637 XMR and 0.09BTC).

The project team did not initially aim for mass and everyday use of the Monero blockchain, focusing much more on the security and encryption algorithms. A fairly high level of anonymity is achieved through the use of one-time intermediate addresses and special algorithms to authenticate the transfers.

--

--

Tradable Index Coin providing investors with diversified exposure to top 100 coins by market cap

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
C100 Index Coin

Tradable Index Coin providing investors with diversified exposure to top 100 coins by market cap