Monero, a privacy-focused cryptocurrency, has entered a phase called "tail emission" where the block rewards are fixed at 0.6 XMR and will remain so indefinitely. Monero differs from other cryptocurrencies like Bitcoin in that it can be mined profitably with consumer-grade computer hardware, as it is resistant to mining with specialized ASIC chips. Monero's privacy features, including Stealth Addresses, Ring Signatures, and RingCT, ensure that all transactions made with XMR are fully private. Monero has no cap on its maximum supply, but its inflation rate will decrease over time. This helps keep the Monero network secure by providing incentives for miners beyond transaction fees. In contrast, cryptocurrencies with a capped supply, like Bitcoin, may face security issues if miners rely solely on transaction fees. Monero's tail emission phase ensures the continuous security of the network, accessibility through CPU mining, and long-term network sustainability and decentralization.



Other News from Today