What is Monero? XMR Tokenomics Explained

Описание: 🤔 What is Monero?
Monero, also known by the market ticker XMR, is a cryptocurrency that focuses on privacy and anonymity. Unlike most other cryptocurrencies, Monero aims to provide untraceable and unlinkable transactions.

⚙️ How does Monero work?
Monero is a Proof-of-Work blockchain.
In a Proof-of-Work network, nodes, also known as miners, compete to solve complex mathematical puzzles. These puzzles are computationally intensive and require a significant amount of computational power to find a solution.
The first miner to solve the puzzle broadcasts the solution to the network, providing proof that they have performed the required work. This process is known as "mining."

💡 What makes Monero unique?
Naturally, privacy comes to mind, but it’s more how Monero becomes private that makes it unique.
For example, Monero uses a technique known as Ring Confident Transactions, or Ring CTs for short.

💰 $XMR Tokenomics
Unlike most crypto projects, Monero doesn’t have a fixed limit. While there are only 18.3 million XMR tokens that can be mined, all of which now have been, there is still the tail emission rate, which is an amount released with every newly created Monero block, which is designed to incentivize the nodes in the network to continuing hosting now that mining has finished.
Currently, this is set to 0.6XMR per block, with a new block being created approximately every 2 minutes.

👀 Read More about Monero: https://www.iexplaincrypto.com/monero...

Timestamps ⏳

00:00 Intro

1:00 What is Monero?

1:49 Forking Explained

3:04 How does Monero work?

3:26 Monero mining explained

4:16 What makes Monero unique?

4:32 Ring CTs Monero

5:13 Stealth Addresses Monero

5:36 Bulletproofs Monero

5:52 Dandelion ++ Monero

6:22 $XMR Tokenomics


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