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Update technical specification

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Piotr Włodarek 2018-08-18 17:25:30 +02:00
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docs/technical-specs.md
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@ -13,12 +13,14 @@
## Proof of Work ## Proof of Work
* CryptoNight * CryptoNight
* may change in the future * v0 since block height 0
* v1 since block height 1546000 (forked on 2018-04-06)
* Changes every ~6 months to discourage ASIC-s
## Difficulty retarget ## Difficulty retarget
* every block * every block
* based on the last 720 blocks, excluding 20% of the timestamp outliers * based on the last 720 blocks (24h), excluding 20% of the timestamp outliers
## Block time ## Block time
@ -28,20 +30,20 @@
## Block reward ## Block reward
* smoothly decreasing and subject to penalties for blocks greater then median size of the last 100 blocks (M100) * smoothly decreasing and subject to penalties for blocks greater then median size of the last 100 blocks (M100)
* ~6 XMR as of Dec 2017; for the current reward check the coinbase transaction of the [latest block](https://moneroblocks.info/) * ~4 XMR as of Aug 2018; for the current reward check the coinbase transaction of the [latest block](https://moneroblocks.info/)
## Block size ## Block size
* dynamic * dynamic
* maximum of two times the median size of the last 100 blocks (2 * M100) * maximum of two times the median size of the last 100 blocks (2 * M100)
* ~150KB as of Dec 2017; check [the latest block size](https://bitinfocharts.com/comparison/monero-size.html#3m) * ~100KB as of Aug 2018; check [the latest block size](https://bitinfocharts.com/comparison/monero-size.html#3m)
## Emission curve ## Emission curve
### Main emission ### Main emission
* first, the main emission is about to produce ~18.132 million coins by the end of May 2022 * 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 * as of Aug 2018 the emission is about 20 XMR per 10 minutes
* see [charts and details](https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/) * see [charts and details](https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/)
### Tail emission ### Tail emission
@ -53,22 +55,24 @@
## Max supply ## Max supply
* ~18.132 million XMR + 0.6 XMR per 2 minutes * ~18.132 million XMR + 0.6 XMR per 2 minutes
* technically infinite * technically infinite but practicaly deflationary if accounted for lost coins
* practically might be deflationary if accounted for lost coins
## Sender privacy ## Sender privacy
* ring signatures * ring signatures
* assurance: probabilistic / plausible deniability
## Recipient privacy ## Recipient privacy
* stealth addresses * stealth addresses
* assurance: strong
## Amount privacy ## Amount privacy
* ring confidential transactions * ring confidential transactions
* assurance: strong
## IP address privacy ## IP address privacy
* not built in - please use TOR or I2P * there is an ongoing effort to integrate I2P into Monero - the [Kovri](https://github.com/monero-project/kovri) project
* there is an ongoing effort to integrate I2P into Monero - the Kovri project * assurance: none at the moment - please use TOR or I2P