Launch date 2014-04-18 Development status Working product Whitepaper Link Org. Structure Decentralized Open source No HD Wallet No Consensus type Proof of Work Hash algorithm Cryptonight V8

Monero sites

Coin categories

Cryptocurrency Digital asset designed to work as a medium of exchange that uses cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Cryptonight It's an algorithm that altered version is used by Monero, etc. (original - ASIC mining, altered version - CPU mining)

Proof Of Work Algorithm wherein the more a miner pays for the computing equipment required to crack the cryptographic puzzle, the better chances there is to score the right to mine the blocks.

Privacy & Security Cryptocurrency providing security, anonymity and privacy

Mining It's the process by which transactions are verified and added to the public ledger, using computing power

Team members