XMR/EUR - Monero/Euro

The all-time low of XMR is approximately €0.19, reached on 14th January 2015.

Monero uses a unique set of cryptographic technologies to achieve privacy and anonymity. It employs ring signatures, Ring Confidential Transactions (RingCT), and stealth addresses to obscure users' identities and the details of transactions.

As of 5th August 2024, the market capitalization of XMR is approximately €2.44 billion.

There are a variety of wallets that support Monero, including hardware wallets like Ledger and Trezor, as well as software wallets like Monero GUI, MyMonero, and Cake Wallet. At Bit2Me, you can also buy and manage Monero securely.

Monero is secured by a proof-of-work (PoW) consensus algorithm called RandomX, which is designed to be resistant to ASICs. This means that it can be mined using general-purpose CPUs, leading to a more decentralised network.

Monero (XMR) is an open-source privacy-focused cryptocurrency launched in April 2014. It is designed to be censorship-resistant and anonymous, meaning transactions are private, untraceable, and cannot be linked to a specific identity or user.

Monero has the potential to continue growing in popularity as people seek more privacy in their financial transactions. However, it also faces challenges, such as the possibility of increased regulation and competition from other privacy-focused cryptocurrencies.

Monero is an open-source project developed and maintained by a community of contributors. The original creator is anonymous and is known by the pseudonym Nicolas van Saberhagen, who was the creator of the CryptoNote protocol. Another important developer in the community is Riccardo Spagni (@fluffypony), who was the lead developer of Monero for many years.

As of 5th August 2024, there are approximately 18.45 million XMR coins in circulation.

Unlike other cryptocurrencies like Bitcoin, which are pseudonymous, Monero is truly private. It uses advanced cryptographic techniques to obscure the addresses of senders and receivers, as well as the amounts of transactions. This enhanced privacy has made Monero a popular choice for those who value their financial privacy and wish to keep their transactions confidential.

The all-time high of XMR is approximately €484, reached on 7th May 2021.