monero-docs/docs/technical-specs.md

75 lines
1.6 KiB
Markdown
Raw Normal View History

2017-12-26 00:58:31 +00:00
# Monero Technical Specs
2017-12-22 22:11:36 +00:00
2018-01-03 11:10:56 +00:00
## Live
* Monero blockchain is live since 18 April 2014
## No premine, no instamine, no ICO/token
2017-12-22 22:11:36 +00:00
* Monero had no premine or instamine
* Monero did not sell any token
* Monero had no presale of any kind
## Proof of Work
* CryptoNight
* may change in the future
## Difficulty retarget
* every block
* based on the last 720 blocks, excluding 20% of the timestamp outliers
## Block time
* 2 minutes
* may change in the future as long as emission curve is preserved
## Block reward
* ~6 XMR as of Dec 2017, see the [latest block](https://moneroblocks.info/) coinbase transaction amount for current reward
* smoothly decreasing and subject to penalties for blocks greater then median size of the last 100 blocks (M100)
## Block size
* dynamic, maximum of two times median size of the last 100 blocks (2 * M100)
## Emission curve
2018-01-03 11:10:56 +00:00
**Main emission**
2017-12-22 22:11:36 +00:00
First, the main emission is about to produce ~18.132 million coins by the end of May 2022.
As of Dec 2017 the emission is about 30 XMR per 10 minutes.
See [charts and details](https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/).
2018-01-03 11:10:56 +00:00
**Tail emission**
2017-12-22 22:11:36 +00:00
The tail emission kicks in once main emission is done.
It will produce 0.6 XMR per 2-minute block.
This translates to <1% inflation decreasing over time.
## Max supply
* infinite
## Sender privacy
* Ring signatures
## Recipient privacy
* Stealth addresses
2018-01-03 11:10:56 +00:00
## Amount privacy
2017-12-22 22:11:36 +00:00
* Ring confidential transactions
2018-01-03 11:10:56 +00:00
## IP address privacy
2018-01-05 16:36:27 +00:00
* not built in - please use TOR or I2P
* there is an ongoing effort to integrate I2P into Monero - the Kovri project