About
Monero (XMR) is the industry's leading privacy-centric cryptocurrency, designed to be secure, private, and untraceable by default. Launched in 2014 as a fork of Bytecoin (based on the CryptoNote protocol), Monero was created to address the total transparency of blockchains like Bitcoin. In Monero, every user is anonymous, and every transaction is confidential. It achieves this through a suite of advanced cryptographic technologies: Ring Signatures hide the sender, Stealth Addresses hide the receiver, and RingCT (Ring Confidential Transactions) hides the transaction amount.
Unlike most other cryptocurrencies, Monero is "fungible," meaning one XMR is indistinguishable from another. Because transaction histories are private, a coin cannot be "tainted" by previous use, ensuring it is always accepted at face value. To maintain decentralization, Monero uses the RandomX hashing algorithm, which is specifically optimized for general-purpose CPUs and actively resists ASIC mining hardware. This allows everyday users to mine Monero on their home computers, preventing the network from being dominated by large-scale industrial mining farms. Managed by a global community of developers rather than a central company, Monero remains a grassroots project focused on financial sovereignty and the fundamental right to privacy.
