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TürkçeMonero Information
Monero is a cryptocurrency that prioritizes privacy and anonymity, making it a popular choice for those who value confidentiality in their transactions. Unlike many other digital currencies, Monero uses advanced cryptographic techniques to obscure transaction details such as amounts, sender, and receiver information. Its focus on decentralization and security has made it a significant player in the realm of privacy coins, attracting a dedicated community of supporters and developers.
Introduction to Monero: A Privacy-Focused Cryptocurrency
Monero (XMR) is one of the most well-known privacy-focused cryptocurrencies, designed to ensure secure, private, and untraceable transactions. Since its inception in 2014, Monero has gained a reputation for protecting user anonymity through cutting-edge cryptography. In comparison to other cryptocurrencies, Monero's privacy features set it apart, making it a popular choice for users who value confidentiality in their digital transactions.
The Technology Behind Monero
Monero employs a range of technologies to ensure user privacy. The most notable is the use of ring signatures, which mix the user's transaction with a group of others, making the sender's identity ambiguous. Additionally, Monero utilizes stealth addresses, which produce a one-time address for every transaction, further enhancing anonymity. These features make it nearly impossible to trace Monero transactions, providing a significant privacy advantage over other popular cryptocurrencies like Bitcoin.
Advantages of Using Monero
The primary benefit of using Monero is its commitment to privacy. Users can transact without revealing their identity or financial details, ensuring that their transactions remain confidential. This feature is particularly appealing to individuals who live in regions with restrictive governments or face other privacy concerns.
Furthermore, Monero has a dynamic block size, which allows for scalability. The adaptive block size permits more transactions to be processed during high demand, maintaining efficiency and speed without exorbitant fees.
Challenges and Drawbacks of Monero
While Monero's privacy features are widely celebrated, they come with certain challenges. The anonymity of transactions makes Monero attractive for illicit activities, drawing scrutiny from regulators and governments worldwide. This has led to concerns about potential crackdowns or restrictions, posing a risk to its sustainability and legal standing.
Additionally, the privacy-enhancing techniques used by Monero, such as ring signatures, come with increased computational requirements. This can lead to higher transaction fees during peak usage, and the complexity of the technology may deter average users from adopting it.
Historical Performance of Monero
Monero has experienced significant volatility since its creation. It reached its all-time high of $542.33 in January 2018, during the crypto boom, but has since seen a substantial decrease in value. As of the latest data in October 2023, Monero is trading at $156.33, reflecting a significant drop from its peak. Despite these fluctuations, Monero has shown resilience, maintaining a strong market presence over the years.
Monero's all-time low was recorded in January 2015, shortly after its launch, at $0.216177. The growth since then highlights its appeal and the community's continued support for privacy-centric financial transactions.
Future Outlook for Monero
The future of Monero will likely be shaped by the ongoing demand for privacy in digital transactions. As data breaches and privacy concerns continue to rise, Monero’s value proposition becomes increasingly relevant. Furthermore, its development community remains active, ensuring continuous improvements and advancements in its privacy technology.
However, Monero's future is not without challenges. Regulatory scrutiny might intensify, impacting its accessibility and legal status. The development of blockchain forensic tools might also pose a threat to its anonymity features. Nevertheless, if Monero continues to innovate and adapt to the evolving landscape, it could maintain its position as a leading privacy-focused cryptocurrency.
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from price
$215
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General Information |
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Title
Monero
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Symbol
xmr
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Whitepaper
-
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Website
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Community
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Last Updated
2025-01-21 23:53
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Price Data |
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Current Price $
214.54
$
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High 24h
219.45
$
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Low 24h
202.77
$
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Price Change 24h
6.61
$
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Price Change % 24h
3.18084
%
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Market Data |
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Market Cap
3934394133
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Total Volume
62171842
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Market Cap Change 24h
89684615
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Market Cap Change % 24h
2.33268
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
18446744.07371
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Total Supply
18446744.07371
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Max Supply
-
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Historical Data |
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All Time High (ATH)
542.33
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ATH Change %
-60.88528
%
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ATH Date
2018-01-09 00:00
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All Time Low (ATL)
0.216177
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ATL Change %
98027.65551
%
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ATL Date
2015-01-14 00:00
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