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.

Common questions about Monero

  1. Who created Monero?
  2. What is Monero's symbol?
  3. How fast is Monero?
  4. What is Monero's block time?
  5. Can you mine Monero?
  6. Does Monero support smart contracts?
  7. Is Monero EVM compatible?
  8. Is Monero dead?

Who created Monero?

Monero was created/founded by Riccardo Spagni.

What is Monero's symbol?

Monero's ticker is XMR.

How fast is Monero?

Monero can process an estimated 1700 transactions per second. Though, you should also consider block time in this equation too.

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 support smart contracts?

No, Monero does not natively support smart contracts. You'll need to use a different blockchain if you want to use smart contracts.

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 natively supports it.

Is Monero dead?

Blockchains don't tend to "die"... They're designed to continue running without a centralize authority or provider. If there's still a node running, Monero will remain in use. Sure, there may be exploits, or luls in user activity, but generally it should keep running!

Monero comparisons

Compare Monero with other blockchains to see how it stacks up.

We've compared Monero with 18 other blockchains. Click on a comparison to learn more!

Monero's social links

Find out more about Monero by visiting their official channels!