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.
faq->a3
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->q13
Is Monero magic and protects my privacy no matter what I do?
Monero is a currency and can be exchanged for goodsand servic, services and other currencies, privately and with very low fees. Many entities will gladly accept XMR for payments; take a look at our list of merchants currently accepting Monero'Merchants' page.
Monero is a currency and can be exchanged for goods, services and other currencies, privately and with very low fees. Many entities will gladly accept XMR for payments; take a look at our 'Merchants' page.
library->masteringmonerop
A guide through the seemingly complex world of Monero.<br> It includes: <ul><li>A broad introduction to blockchains and the importance of privacy - ideal for non-technical users.</li> <li>Discussion of Bitcoin’s shortcomings and specific solutions provided by Monero.</li> <li>User stories (illustrating how Monero protects your privacy), analogies, examples, legal/ethical discussions, and code snippets illustrating key technical concepts.</li> <li>Details of the Monero decentralized network, peer-to-peer architecture, transaction lifecycle, and security principles.</li> <li>Introductions to technical foundations of Monero, intended for developers, engineers, software architects, and curious users.</li> <li>New developments such as Kovri, Bulletproofs, Multisignature, Hardware Wallets, etc.</li></ul>See <a href="https://masteringmonero.com/">Mastering Monero</a> website for information.
A guide through the seemingly complex world of Monero.<br> It includes: <ul><li>A broad introduction to blockchains and the importance of privacy - ideal for non-technical users.</li> <li>Discussion of Bitcoin’s shortcomings and specific solutions provided by Monero.</li> <li>User stories (illustrating how Monero protects your privacy), analogies, examples, legal/ethical discussions, and code snippets illustrating key technical concepts.</li> <li>Details of the Monero decentralized network, peer-to-peer architecture, transaction lifecycle, and security principles.</li> <li>Introductions to technical foundations of Monero, intended for developers, engineers, software architects, and curious users.</li> <li>New developments such as Kovri, Bulletproofs, Multisignature, Hardware Wallets, etc.</li></ul>
library->zerotomonerov1p
Published: 26 June26, 2018, with <a href="https://github.com/UkoeHB/Monero-RCT-report">LaTeX source code here</a>
Published: 26 June 2018, with <a href="https://github.com/UkoeHB/Monero-RCT-report">LaTeX source code here</a>
library->zerotomonerov2p
Published: 4 April4, 2020, with <a href="https://github.com/UkoeHB/Monero-RCT-report">LaTeX source code here</a><br> A comprehensive conceptual (and technical) explanation of Monero.<br> We endeavor to teach anyone who knows basic algebra and simple computer science concepts like the ‘bit representation’ of a number not only how Monero works at a deep and comprehensive level, but also how useful and beautiful cryptography can be.
Published: 4 April 2020, with <a href="https://github.com/UkoeHB/Monero-RCT-report">LaTeX source code here</a><br> A comprehensive conceptual (and technical) explanation of Monero.<br> We endeavor to teach anyone who knows basic algebra and simple computer science concepts like the ‘bit representation’ of a number not only how Monero works at a deep and comprehensive level, but also how useful and beautiful cryptography can be.
A quick and easy to read document to know everything about Monero: history, key differentiating factors, technical fundamentals, and features in development.<br> See <a target="_blank" href="https://www.monerooutreach.org">Monero Outreach</a> website for more information.
A quick and easy to read document to know everything about Monero: history, key differentiating factors, technical fundamentals, and features in development.