(; Abbreviation: XMR) is a decentralized cryptocurrency.
It uses a public distributed ledger with privacy-enhancing technologies that obfuscate transactions to achieve anonymity and fungibility.
Observers cannot decipher addresses trading monero, transaction amounts, address balances, or transaction histories.
The protocol is open source and based on CryptoNote, a concept described in a 2013 white paper authored by Nicolas van Saberhagen.
The cryptography community used this concept to design Monero, and deployed its mainnet in 2014.
uses ring signatures, zero-knowledge proofs, "stealth addresses", and IP address–obscuring methods to obfuscate transaction details.
These features are baked into the protocol, though users can optionally share view keys for third-party auditing.
Transactions are validated through a miner network running RandomX, a proof-of-work algorithm . [+]