You can buy Monero from an exchange or from an individual. Exchanges are the most common way to buy Monero; there are compliant exchanges in most jurisdictions. Some wallets include functionality to easily buy Monero with fiat or other cryptocurrencies. Alternatively, you can try mining Monero to get coins from the @block reward.
You can buy Monero from an exchange or from an individual. Exchanges are the most common way to buy Monero; there are compliant exchanges in most jurisdictions. Some wallets include functionality to easily buy Monero with fiat or other cryptocurrencies. Alternatively, you can try mining Monero to get coins from the @block reward.
A @mnemonic-seed is a set of 25 words that can be used to restore your account anywhere. Keep these words safe and do not share them with someone else. You can use this seed to restore your account, even if your computer crashes.
A @mnemonic-seed is a set of 25 words that can be used to restore your account anywhere. Keep these words safe and do not share them with someone else. You can use this seed to restore your account, even if your computer crashes.
faq->a4
Monero uses three different privacy technologies: @ring-signatures, ring confidential transactions (@RingCT), and @stealth-addresses. These hide the sender, amount, and receiver in the @transaction, respectively. All transactions on the network are private by mandate; there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero. You do not need to trust anyone else with your privacy.
Monero uses three different privacy technologies: @ring-signatures, ring confidential transactions (@RingCT), and @stealth-addresses. These hide the sender, amount, and receiver in the @transaction, respectively. All transactions on the network are private by mandate; there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero. You do not need to trust anyone else with your privacy.
faq->a5
If you are running a full @node locally, you need to copy the entire @blockchain to your computer. This can take a long time, especially on an old hard drive or slow internet connection. If you are using a @remote-node, your computer still needs to request a copy of all the outputs, which can take several hours. Be patient, and if you would like to sacrifice some privacy for faster sync times, consider using a remote node or lightweight @wallet instead.
If you are running a full @node locally, you need to copy the entire @blockchain to your computer. This can take a long time, especially on an old hard drive or slow internet connection. If you are using a @remote-node, your computer still needs to request a copy of all the outputs, which can take several hours. Be patient, and if you would like to sacrifice some privacy for faster sync times, consider using a remote node or lightweight @wallet instead.
faq->a7
Monero is not based on Bitcoin. It is based on the CryptoNote protocol. Bitcoin is a completely transparent system, where people can see exactly how much money is being sent from one user to another. Monero hides this information to protect user privacy in all transactions. It also has a dynamic @block size and dynamic fees, an ASIC-resistant proof of work (@randomx), and a @tailcoin-emission, among several other changes.
Monero is not based on Bitcoin. It is based on the CryptoNote protocol. Bitcoin is a completely transparent system, where people can see exactly how much money is being sent from one user to another. Monero hides this information to protect user privacy in all transactions. It also has a dynamic @block size and dynamic fees, an ASIC-resistant proof of work (@randomx), and a @tail-emission, among several other changes.
faq->a8
No, Monero does not have a hard @block size limit. Instead, the block size can increase or decrease over time based on demand. It is capped at a certain growth rate to prevent outrageous growth (@scalability).
No, Monero does not have a hard @block size limit. Instead, the block size can increase or decrease over time based on demand. It is capped at a certain growth rate to prevent outrageous growth (@scalability).
faq->a11
@Fungibility is a simple property of money such that there are no differences between two amounts of the same value. If two people exchanged a 10 and two 5’s, then no one would lose out. However, let’s suppose that everyone knows the 10 was previously used in a ransomware attack. Is the other person still going to make the trade? Probably not, even if the person with the 10 has no connection with the ransomware. This is a problem, since the receiver of money needs to constantly check the money they are receiving to not end up with tainted coins. Monero is fungible, which means people do not need to go through this effort.
@Fungibility is a simple property of money such that there are no differences between two amounts of the same value. If two people exchanged a 10 and two 5’s, then no one would lose out. However, let’s suppose that everyone knows the 10 was previously used in a ransomware attack. Is the other person still going to make the trade? Probably not, even if the person with the 10 has no connection with the ransomware. This is a problem, since the receiver of money needs to constantly check the money they are receiving to not end up with tainted coins. Monero is fungible, which means people do not need to go through this effort.
faq->a12-1
In Monero, every @transaction output is uniquely associated with a key image that can only be generated by the holder of that output. Key images that are used more than once are rejected by the miners as double-spends and cannot be added to a valid @block. When a new transaction is received, miners verify that the key image does not already exist for a previous transaction to ensure it's not a double-spend.
In Monero, every @transaction output is uniquely associated with a key image that can only be generated by the holder of that output. Key images that are used more than once are rejected by the miners as double-spends and cannot be added to a valid @block. When a new transaction is received, miners verify that the key image does not already exist for a previous transaction to ensure it's not a double-spend.
faq->a12-2
We can also know that transaction amounts are valid even though the value of the inputs that you are spending and the value of the outputs you are sending are encrypted (these are hidden to everyone except the recipient). Because the amounts are encrypted using @Pedersen-commitments what this means is that no observers can tell the amounts of the inputs and outputs, but they can do math on the Pedersen commitments to determine that no Monero was created out of thin air.
We can also know that transaction amounts are valid even though the value of the inputs that you are spending and the value of the outputs you are sending are encrypted (these are hidden to everyone except the recipient). Because the amounts are encrypted using @Pedersen-commitments what this means is that no observers can tell the amounts of the inputs and outputs, but they can do math on the Pedersen commitments to determine that no Monero was created out of thin air.
faq->q13
Is Monero magic and protects my privacy no matter what I do?
Monero is the leading cryptocurrency focused on private and censorship-resistant transactions.
what-is-monero->leading_para1
MostThe majority of existing @cryptocurrencies, including Bitcoin and Ethereum, have transparent @blockchains, meaning that t. Transactions are openlycan be verifiabled and/or traceabled by anyone in the world. Furthermore,This means that the sending and receiving @addresses ofor these @transactions maycould potentially be linkable to a person'sed to real-world identityies.
The majority of existing @cryptocurrencies, including Bitcoin and Ethereum, have transparent @blockchains. Transactions can be verified and/or traced by anyone in the world. This means that the sending and receiving @addresses of these @transactions could potentially be linked to real-world identities.
what-is-monero->leading_para2
Monerouses cryptography to shield sending and receiving addresses, as well as transacted amount, on the other hand, uses various technologies to ensure the privacy of its users.
Monero, on the other hand, uses various technologies to ensure the privacy of its users.
what-is-monero->confidential_para1
EUnlike selectiverly Monero transaction, by default, obfuscates sending and receiving addresses as well as transacted amounts. This always-on privacy means that every Monero user's activity enhances the privacy of all other users, unlike selectively transparent cryptocurrencies (e.g. Zcash)transparent alternatives (e.g. Zcash), Monero is the only major cryptocurrency where every user is anonymous by default. The sender, receiver, and amount of every single transaction are hidden through the use of three important technologies: @Stealth-Addresses, @Ring-Signatures, and @RingCT.
Unlike selectively transparent alternatives (e.g. Zcash), Monero is the only major cryptocurrency where every user is anonymous by default. The sender, receiver, and amount of every single transaction are hidden through the use of three important technologies: @Stealth-Addresses, @Ring-Signatures, and @RingCT.
what-is-monero->confidential_para2
Monero is fungible. By virtue of obfuscation, Monero cannot become tainted through participation in previous transactions. This means Monero will always be accepted without the risk of censorshipBecause every transaction is private, Monero cannot be traced. This makes it a true, @fungible currency. Merchants and individuals accepting Monero do not need to worry about blacklisted or tainted coins.
Because every transaction is private, Monero cannot be traced. This makes it a true, @fungible currency. Merchants and individuals accepting Monero do not need to worry about blacklisted or tainted coins.
what-is-monero->electronic_para1
There areWith Monero, there are no wire transfer or check clearing fees, no multi-day holding periods, and no risk offraudulent chargebacks. It is safe from ‘capital controls’ - these are measures that restrict the flow of traBecause Monero is decentralized, it is not constrained by any particular legal jurisdictional currencies, sometimes to an extreme degree, in countries experiencing economic instability and provides safety from capital control.
With Monero, there are no wire transfer or check clearing fees, no multi-day holding periods, and no fraudulent chargebacks. Because Monero is decentralized, it is not constrained by any particular legal jurisdiction and provides safety from capital control.
