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65 lines
1.4 KiB
Markdown
65 lines
1.4 KiB
Markdown
# Technical Specs
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## No premine, no instamine, no token
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* Monero had no premine or instamine
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* Monero did not sell any token
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* Monero had no presale of any kind
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## Proof of Work
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* CryptoNight
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* may change in the future
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## Difficulty retarget
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* every block
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* based on the last 720 blocks, excluding 20% of the timestamp outliers
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## Block time
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* 2 minutes
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* may change in the future as long as emission curve is preserved
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## Block reward
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* ~6 XMR as of Dec 2017, see the [latest block](https://moneroblocks.info/) coinbase transaction amount for current reward
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* smoothly decreasing and subject to penalties for blocks greater then median size of the last 100 blocks (M100)
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## Block size
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* dynamic, maximum of two times median size of the last 100 blocks (2 * M100)
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## Emission curve
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**Main curve**
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First, the main emission is about to produce ~18.132 million coins by the end of May 2022.
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As of Dec 2017 the emission is about 30 XMR per 10 minutes.
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See [charts and details](https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/).
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**Tail curve**
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The tail emission kicks in once main emission is done.
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It will produce 0.6 XMR per 2-minute block.
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This translates to <1% inflation decreasing over time.
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## Max supply
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* infinite
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## Sender privacy
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* Ring signatures
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## Recipient privacy
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* Stealth addresses
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## Amount obfuscation
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* Ring confidential transactions
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