Monero (XMR) is an open-source cryptocurrency focusing on privacy and decentralization. Monero price news category will keep you acquainted about the changes in the estimates of the cryptocurrency. XMR is categorized as an untraceable, unlinkable, and analysis resistant privacy coin which uses novel cryptography to solve challenges plaguing blockchain-based assets. It adopts the Multilayered Linkable Spontaneous Anonymous Group (MLSAG) signatures, Ring Confidential Transactions (RCT) and stealth addresses.
The cryptocurrency applies the egalitarian CryptoNight hash function: a proof-of-work based, memory-hard consensus system. Monero utilizes UTXO (unspent transaction output) model. The extremely dynamic structure facilitates the maximum block size to exist up to 2x the median block, allowing the miners to build blocks up to 300 kB without violation.
Economically, if the additional transaction does not override the marginal cost, it would lead to major congestion in the network's transactions holding areas and accumulation in confirmation times.
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