What is XMR

1. Programme Name

Monero (XMR)

2. Project Introduction

1. What Is Monero (XMR)?
Monero (XMR) is a pioneering cryptocurrency focused on privacy protection. Launched in 2014 based on the CryptoNote protocol, it achieves fully anonymous transactions through triple-layer encryption technologies. As the first digital asset to enable privacy features by default, XMR has redefined the privacy standards of blockchain transactions. Its core value lies in creating an untraceable financial system through ring signatures, stealth addresses, and ring confidential transactions. The project uses a dynamic block size and a perpetual inflation model. As of now, approximately 18.15 million XMR are in circulation. XMR has consistently ranked as the top privacy coin by market capitalization, accounting for approximately 90% of the market share in the private payment sector. It boasts strong technical defenses, with no major privacy breaches in over a decade.

2. How Does XMR Work?
XMR employs the RandomX algorithm to resist ASIC mining rigs and support CPU and GPU mining, thereby maintaining network decentralization. Blocks are generated every 120 seconds, with dynamic block sizes (up to 300KB) to accommodate fluctuations in transaction volume. All transactions are anonymous by default, and the Dandelion++ protocol is used to obfuscate transaction propagation paths. Its strong privacy foundation rests on three key technologies:
Ring Signatures: Each transaction includes 11 signatures from historical transactions, effectively masking the true sender.
Stealth Addresses: A one-time receiving address is generated for every transaction to prevent the tracking of fund flows.
Ring Confidential Transactions (RingCT): Transaction amounts are obfuscated, and only the balance of payments is validated.

3. Who Founded XMR
Key contributors include Nicolas van Saberhagen: Creator of the CryptoNote protocol; Riccardo Spagni (Fluffypony): Led the 2014 fork from Bytecoin that launched XMR; and Sarang Noether: Cryptography researcher and lead developer behind the implementation of RingCT.

4. Token Utility of XMR
Initial Supply: 18.4 million XMR (2014). Block Rewards: Currently 0.6 XMR per block, decreasing with each block. Inflation Model: Tail emission (fixed at 0.6 XMR/block after 2022). The current circulating supply is around 18.15 million XMR, with mild and sustained inflation to incentivize miners. The annual inflation rate remains below 1%. XMR's privacy features come at no additional cost, making it the clear leader in the privacy coin sector.

5. Timeline of Key Milestones
Q2 2024: The Seraphis++ protocol was deployed to improve transaction efficiency.
Q4 2024: The atomic swaps feature was integrated for decentralized cross-chain operations.
2025 Roadmap: Full nodes will be made lightweight (requiring <50GB of storage).

3. Zone

Main Zone

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. HTX does not take responsibility for any resulting direct or indirect losses.