mirror of
https://github.com/monero-project/monero-docs.git
synced 2024-10-30 10:57:36 +00:00
78 lines
2.1 KiB
Markdown
78 lines
2.1 KiB
Markdown
# Monero Technical Specs
|
|
|
|
## Live
|
|
|
|
* Monero blockchain is live since 18 April 2014
|
|
|
|
## No premine, no instamine, no ICO, no token
|
|
|
|
* Monero had no premine or instamine
|
|
* Monero did not sell any token
|
|
* Monero had no presale of any kind
|
|
|
|
## Proof of Work
|
|
|
|
* CryptoNight
|
|
* 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
|
|
|
|
* every block
|
|
* based on the last 720 blocks (24h), excluding 20% of the timestamp outliers
|
|
|
|
## Block time
|
|
|
|
* 2 minutes
|
|
* may change in the future as long as emission curve is preserved
|
|
|
|
## Block reward
|
|
|
|
* smoothly decreasing and subject to penalties for blocks greater then median size of the last 100 blocks (M100)
|
|
* ~4 XMR as of Aug 2018; for the current reward check the coinbase transaction of the [latest block](https://moneroblocks.info/)
|
|
|
|
## Block size
|
|
|
|
* dynamic
|
|
* maximum of two times the median size of the last 100 blocks (2 * M100)
|
|
* ~100KB as of Aug 2018; check [the latest block size](https://bitinfocharts.com/comparison/monero-size.html#3m)
|
|
|
|
## Emission curve
|
|
|
|
### Main emission
|
|
|
|
* first, the main emission is about to produce ~18.132 million coins by the end of May 2022
|
|
* 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/)
|
|
|
|
### Tail emission
|
|
|
|
* 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
|
|
|
|
* ~18.132 million XMR + 0.6 XMR per 2 minutes
|
|
* technically infinite but practicaly deflationary if accounted for lost coins
|
|
|
|
## Sender privacy
|
|
|
|
* ring signatures
|
|
* assurance: probabilistic / plausible deniability
|
|
|
|
## Recipient privacy
|
|
|
|
* stealth addresses
|
|
* assurance: strong
|
|
|
|
## Amount privacy
|
|
|
|
* ring confidential transactions
|
|
* assurance: strong
|
|
|
|
## IP address privacy
|
|
|
|
* there is an ongoing effort to integrate I2P into Monero - the [Kovri](https://github.com/monero-project/kovri) project
|
|
* assurance: none at the moment - please use TOR or I2P
|