Cryptocurrency Q&A
Is Monero premined?
Is Monero premined?
Eleonora
Sun Nov 03 2024
|
7 answers
1362
I'm wondering if Monero, the cryptocurrency, was premined before it became publicly available. Premining refers to the mining of a cryptocurrency by its developers or a select group before it is released to the public.
7 answers
Stefano
Tue Nov 05 2024
Monero is built upon the CORE ideals of privacy, ensuring that transactions remain confidential and unreachable by external entities.
Was this helpful?
128
69
JejuJoyfulHeart
Tue Nov 05 2024
Security is another fundamental aspect of Monero, employing advanced cryptographic techniques to safeguard user funds and prevent unauthorized access.
Was this helpful?
64
92
JejuSunshineSoul
Tue Nov 05 2024
Decentralization is crucial in Monero's design, distributing power and control among its users rather than centralizing it in the hands of a few.
Was this helpful?
395
43
EnchantedSoul
Mon Nov 04 2024
Fairness is a guiding principle in Monero's ecosystem, ensuring that all participants have an equal opportunity to engage with the network.
Was this helpful?
356
59
GyeongjuGrace
Mon Nov 04 2024
Unlike many other cryptocurrencies, Monero did not conduct a premine, where developers could reward themselves with a significant amount of coins before the public launch.
Was this helpful?
215
62
Load 5 more related questions
