Market Cap: $2.9269T -1.920%
Volume(24h): $230.0062B -25.430%
Fear & Greed Index:

83 - Extreme Greed

Market Cap: $2.9269T 3.08%
Volume(24h): $230.0062B 3.08%
  • Market Cap: $2.9269T -1.920%
  • Volume(24h): $230.0062B -25.430%
  • Fear & Greed Index:
  • Market Cap: $2.9269T -1.920%

Select Language

Select Language

Select Currency

What is the issuance and circulation of Monero?

Monero's issuance and circulation, unlike Bitcoin's finite supply, are carefully designed to balance new coin creation with privacy, security, and inflation control.

Oct 10, 2024 at 07:06 am

Monero Issuance and Circulation

Monero is a decentralized cryptocurrency that focuses on privacy and fungibility. Unlike Bitcoin, which has a predetermined issuance limit of 21 million coins, Monero has an unlimited issuance. New Monero coins are created through a process called mining, which involves solving complex mathematical problems.

Issuance of Monero

  1. Mining: Monero coins are created through mining. Miners use powerful computers to solve complex mathematical problems, and the first miner to find a solution is rewarded with newly minted Monero coins.
  2. Block Reward: The reward for mining a Monero block is currently set at 2.25 XMR. This reward is reduced by 0.6 XMR every 60,000 blocks (approximately one year).
  3. Tail Emission: In addition to block rewards, Monero has a fixed annual emission of 0.6 XMR, which is distributed to miners in the form of tail rewards. This ensures a continuous supply of new coins and reinforces the security of the network.

Circulation of Monero

  1. Initial Supply: The initial supply of Monero was 0 XMR, as no coins were pre-mined.
  2. Current Supply: As of October 2023, the circulating supply of Monero is approximately 19 million XMR.
  3. Distribution: Monero is distributed through a variety of channels, including mining rewards, exchange trading, and merchant acceptance.

Impact of Unlimited Issuance

Monero's unlimited issuance may raise concerns about potential inflation. However, the tail emission rate is designed to be low enough to keep the inflation rate under control. Additionally, Monero's focus on privacy and fungibility makes it less susceptible to manipulation than currencies with a limited supply.

Conclusion

Monero's issuance and circulation are designed to balance the need for new coin creation with the maintenance of privacy, security, and financial stability. The unlimited issuance, combined with the tail emission and a robust mining network, ensures a sustainable supply of Monero while preserving its fundamental characteristics.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Related knowledge

What is ZEC coin? What can ZEC coins do? How to store ZEC coins?

Nov 06,2024 at 10:56pm

What is ZEC Coin?ZEC coin, also known as Zcash, is a privacy-focused cryptocurrency launched in October 2016.It utilizes advanced cryptography techniques to provide users with enhanced levels of transaction anonymity and fungibility.What Can ZEC Coins Do?Private Transactions: Zcash offers two types of transaction options: transparent and shielded. Shiel...

How to buy and trade ZEC coins? Where to buy ZEC coins?

Oct 31,2024 at 10:15pm

Step-by-Step Guide to Buying and Trading ZEC Coins1. Understanding ZEC CoinsZEC coins, also known as Zcash, are a privacy-centric cryptocurrency designed to provide users with enhanced transaction anonymity compared to Bitcoin. Unlike Bitcoin, where transactions are publicly recorded on the blockchain, ZEC uses advanced cryptography to obscure the sende...

ZEC coin issuance price and total issuance volume in one article

Nov 05,2024 at 01:34pm

ZEC Coin Issuance Price and Total Issuance Volume1. Issuance PriceZcash (ZEC) was launched in 2016 with an initial issuance price of $5.50 per coin.2. Total Issuance VolumeZEC has a capped total issuance of 21 million coins.Issuance Schedule:Blocks 1-2.1 million: 50 ZEC per blockBlocks 2.1 million-4.2 million: 37 ZEC per blockBlocks 4.2 million-6.3 mill...

What is the issuance and circulation of ZEC coins?

Nov 04,2024 at 03:33am

What is the issuance and circulation of ZEC coins?IssuanceZEC coins are issued through a process called mining.Miners verify and add new transactions to the Zcash blockchain and are rewarded with ZEC coins.The maximum supply of ZEC coins is capped at 21 million, similar to Bitcoin.Circulating supplyAs of February 2023, the circulating supply of ZEC coin...

On which platform can ZEC coins be purchased? Recommended trading platforms for buying ZEC coins

Nov 10,2024 at 07:04pm

On Which Platform Can ZEC Coins Be Purchased? Recommended Trading Platforms for Buying ZEC Coins1. BinanceBinance is the world's largest cryptocurrency exchange by trading volume. It offers a wide range of cryptocurrencies, including ZEC. Binance has a good reputation for security and reliability.2. CoinbaseCoinbase is a popular cryptocurrency exchange ...

How to buy ZEC coins? How many ways are there to buy ZEC coins?

Nov 09,2024 at 03:19am

How to Buy Zcash (ZEC) CoinsZcash (ZEC) is a privacy-focused cryptocurrency that allows users to make anonymous transactions. While not as well-known as Bitcoin or Ethereum, ZEC offers several advantages, including enhanced privacy and security.As a prospective ZEC investor, understanding the various methods available for purchasing this digital currenc...

What is ZEC coin? What can ZEC coins do? How to store ZEC coins?

What is ZEC coin? What can ZEC coins do? How to store ZEC coins?

Nov 06,2024 at 10:56pm

What is ZEC Coin?ZEC coin, also known as Zcash, is a privacy-focused cryptocurrency launched in October 2016.It utilizes advanced cryptography techniques to provide users with enhanced levels of transaction anonymity and fungibility.What Can ZEC Coins Do?Private Transactions: Zcash offers two types of transaction options: transparent and shielded. Shiel...

How to buy and trade ZEC coins? Where to buy ZEC coins?

How to buy and trade ZEC coins? Where to buy ZEC coins?

Oct 31,2024 at 10:15pm

Step-by-Step Guide to Buying and Trading ZEC Coins1. Understanding ZEC CoinsZEC coins, also known as Zcash, are a privacy-centric cryptocurrency designed to provide users with enhanced transaction anonymity compared to Bitcoin. Unlike Bitcoin, where transactions are publicly recorded on the blockchain, ZEC uses advanced cryptography to obscure the sende...

ZEC coin issuance price and total issuance volume in one article

ZEC coin issuance price and total issuance volume in one article

Nov 05,2024 at 01:34pm

ZEC Coin Issuance Price and Total Issuance Volume1. Issuance PriceZcash (ZEC) was launched in 2016 with an initial issuance price of $5.50 per coin.2. Total Issuance VolumeZEC has a capped total issuance of 21 million coins.Issuance Schedule:Blocks 1-2.1 million: 50 ZEC per blockBlocks 2.1 million-4.2 million: 37 ZEC per blockBlocks 4.2 million-6.3 mill...

What is the issuance and circulation of ZEC coins?

What is the issuance and circulation of ZEC coins?

Nov 04,2024 at 03:33am

What is the issuance and circulation of ZEC coins?IssuanceZEC coins are issued through a process called mining.Miners verify and add new transactions to the Zcash blockchain and are rewarded with ZEC coins.The maximum supply of ZEC coins is capped at 21 million, similar to Bitcoin.Circulating supplyAs of February 2023, the circulating supply of ZEC coin...

On which platform can ZEC coins be purchased? Recommended trading platforms for buying ZEC coins

On which platform can ZEC coins be purchased? Recommended trading platforms for buying ZEC coins

Nov 10,2024 at 07:04pm

On Which Platform Can ZEC Coins Be Purchased? Recommended Trading Platforms for Buying ZEC Coins1. BinanceBinance is the world's largest cryptocurrency exchange by trading volume. It offers a wide range of cryptocurrencies, including ZEC. Binance has a good reputation for security and reliability.2. CoinbaseCoinbase is a popular cryptocurrency exchange ...

How to buy ZEC coins? How many ways are there to buy ZEC coins?

How to buy ZEC coins? How many ways are there to buy ZEC coins?

Nov 09,2024 at 03:19am

How to Buy Zcash (ZEC) CoinsZcash (ZEC) is a privacy-focused cryptocurrency that allows users to make anonymous transactions. While not as well-known as Bitcoin or Ethereum, ZEC offers several advantages, including enhanced privacy and security.As a prospective ZEC investor, understanding the various methods available for purchasing this digital currenc...

See all articles

User not found or password invalid

Your input is correct

Cancel