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<li class="toctree-l2"><a href="#technical-specs">Technical Specs</a></li>
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<li><a class="toctree-l3" href="#no-premine-no-instamine-no-token">No premine, no instamine, no token</a></li>
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<li><a class="toctree-l3" href="#proof-of-work">Proof of Work</a></li>
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<li><a class="toctree-l3" href="#difficulty-retarget">Difficulty retarget</a></li>
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<li><a class="toctree-l3" href="#block-time">Block time</a></li>
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<li><a class="toctree-l3" href="#block-reward">Block reward</a></li>
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<li><a class="toctree-l3" href="#block-size">Block size</a></li>
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<li><a class="toctree-l3" href="#emission-curve">Emission curve</a></li>
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<li><a class="toctree-l3" href="#max-supply">Max supply</a></li>
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<li><a class="toctree-l3" href="#sender-privacy">Sender privacy</a></li>
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<li><a class="toctree-l3" href="#recipient-privacy">Recipient privacy</a></li>
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<li><a class="toctree-l3" href="#amount-obfuscation">Amount obfuscation</a></li>
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<li>Technical Specs</li>
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<a href="https://github.com/monerodocs/monerodocs/edit/master/docs/Technical-Specs.md"> Edit on monerodocs/monerodocs</a>
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<h1 id="technical-specs">Technical Specs</h1>
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<h2 id="no-premine-no-instamine-no-token">No premine, no instamine, no token</h2>
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<ul>
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<li>Monero had no premine or instamine</li>
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<li>Monero did not sell any token</li>
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<li>Monero had no presale of any kind</li>
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</ul>
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<h2 id="proof-of-work">Proof of Work</h2>
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<ul>
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<li>CryptoNight</li>
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<li>may change in the future</li>
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</ul>
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<h2 id="difficulty-retarget">Difficulty retarget</h2>
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<ul>
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<li>every block</li>
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<li>based on the last 720 blocks, excluding 20% of the timestamp outliers</li>
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</ul>
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<h2 id="block-time">Block time</h2>
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<ul>
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<li>2 minutes</li>
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<li>may change in the future as long as emission curve is preserved</li>
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</ul>
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<h2 id="block-reward">Block reward</h2>
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<ul>
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<li>~6 XMR as of Dec 2017, see the <a href="https://moneroblocks.info/">latest block</a> coinbase transaction amount for current reward</li>
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<li>smoothly decreasing and subject to penalties for blocks greater then median size of the last 100 blocks (M100)</li>
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</ul>
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<h2 id="block-size">Block size</h2>
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<ul>
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<li>dynamic, maximum of two times median size of the last 100 blocks (2 * M100)</li>
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</ul>
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<h2 id="emission-curve">Emission curve</h2>
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<p><strong>Main curve</strong></p>
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<p>First, the main emission is about to produce ~18.132 million coins by the end of May 2022.</p>
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<p>As of Dec 2017 the emission is about 30 XMR per 10 minutes.</p>
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<p>See <a href="https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/">charts and details</a>.</p>
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<p><strong>Tail curve</strong></p>
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<p>The tail emission kicks in once main emission is done.</p>
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<p>It will produce 0.6 XMR per 2-minute block.</p>
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<p>This translates to <1% inflation decreasing over time.</p>
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<h2 id="max-supply">Max supply</h2>
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<ul>
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<li>infinite</li>
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</ul>
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<h2 id="sender-privacy">Sender privacy</h2>
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<ul>
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<li>Ring signatures</li>
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</ul>
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<h2 id="recipient-privacy">Recipient privacy</h2>
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<ul>
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<li>Stealth addresses</li>
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</ul>
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<h2 id="amount-obfuscation">Amount obfuscation</h2>
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<ul>
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<li>Ring confidential transactions</li>
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