Main purpose:
Completely private cryptocurrency that anyone can mine on personal computers.
Managing Organization:
The Monero Project [link] ⮡ Note: a loose collective of individuals behind Monero
Type of Organization:
Open Source Project
How much do developers own?:
Unknown
Is it a derivative token of another network?:
false
Programmable with Smart Contracts:
false
Privacy features:
Wallets and transactions are forced private by the protocol. Transaction amounts, senders and receivers are only visible to the parties involved.
Primary mining tool:
CPU + GPU
⮡ Note: Monero is focused on making their algorithm ASIC resistant so that everyone can participate with their personal computers.
Mining Algorithm:
Crypto-Night
Consensus protocol:
Proof of Work
Wallet Details:
Privacy:
Wallets and transactions are forced private by the protocol. Transaction amounts, senders and receivers are only visible to the parties involved.
Are public addresses reusable?:
Does it support multi-signature wallets?:
Yes. M of N for any M < N
How many public addresses can I make with 1 seed:
How many seeds are possible?:
Public Address format:
Seed format:
Seed Phrase
Distribution of coin supply:
Mining:
100 %
Staking (Proof of Stake):
0 %
Pre-release sale (ICO):
0 %
Free Distribution Event (Airdrop):
0 %
End date for full distribution: Not specified in the protocol.