Monero (XMR) Review (2023)

This is an in-depth Monero review that covers many different attributes and metrics.

Table of Contents

  1. What is Monero?
  2. Who is the Monero founder?
  3. What is Monero's ticker?
  4. How fast is Monero?
  5. What is Monero's block time?
  6. Can you mine Monero?
  7. Does Monero have smart contracts?
  8. Is Monero EVM compatible?
  9. Is Monero dead?


What is Monero?

The Monero blockchain is a distributed ledger that records all transactions in a permanent way. It's built on top of the Cryptonote protocol, which is a cryptocurrency protocol that isn't immutable. The Monero blockchain can be accessed with the command line tool monero-wallet-cli. Monero uses the proof-of-work (PoW) mining algorithm to hash transactions into blocks, which are then added to the Monero blockchain. PoW uses computer resources (also known as hashrate) to solve mathematical problems, which makes it costly to attack a network.

Who is the Monero founder?

Monero was founded by Riccardo Spagni.

What is Monero's ticker?

Monero's ticker is XMR.

How fast is Monero?

Monero can process an estimated 1700 transactions per second.

What is Monero's block time?

Monero's block time is approximately 120 seconds. This means that every 120 seconds, the Monero blockchain produces a new block.

Can you mine Monero?

Yes, you can mine Monero. Monero is a Proof of Work blockchain.

Does Monero have smart contracts?

No, Monero does not have smart contracts. Therefore it does not support DeFi or NFTs.

Is Monero EVM compatible?

No, Monero is not EVM compatible. Which means you can't use it with wallets like Metamask. Instead, you'll have to use a wallet that supports Monero.

Is Monero dead?

No, blockchains don't die. They're specifically designed not to die. Provided there is a node running, Monero will remain in use. Sure, there may be exploits, or a lul in user activity, but these are resolvable.

How does Monero compare with other blockchains?

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