Questions tagged [monero]

Federica Wed May 22 2024 | 7 answers 1618

Could you please enlighten me on the question, "How many Monero blocks are mined per day?" I'm quite curious about the mining process and the frequency of block generation in the Monero network. Could you also explain what factors might affect the number of blocks mined in a given day? Is it solely dependent on the hashing power of miners or are there other variables at play? Your insights would be greatly appreciated.

GeishaCharm Wed May 22 2024 | 6 answers 1005

Could you please clarify if Monero is indeed built upon the Ethereum platform? I've heard conflicting opinions about this, and I'm quite curious to know the truth behind it. As I understand, Ethereum is a smart contract platform, while Monero is known for its privacy-oriented features. So, is there any direct link or underlying technology shared between these two cryptocurrencies? I'd appreciate it if you could provide a concise yet informative answer to this question.

benjamin_doe_philosopher Wed May 22 2024 | 6 answers 1237

Could you please clarify the matter of whether Monero transactions are tax-free? I've heard conflicting information on this matter and I'm trying to understand the legal implications. Is it true that Monero, as a privacy-focused cryptocurrency, is exempt from taxes? Or does the taxability of Monero depend on the jurisdiction and the nature of the transactions? I'm particularly interested in knowing how this applies to both individuals and businesses. Could you please provide some clarity on this matter? Thank you.

SamuraiCourageous Wed May 22 2024 | 6 answers 1462

Could you please clarify for me, is Monero still considered to be untraceable? Given the advancements in blockchain analysis and cryptocurrency tracing techniques, I'm wondering if its privacy features have been compromised in any way. Could someone with the right tools potentially trace Monero transactions? I'm particularly interested in understanding the current state of Monero's privacy protections and how they stand up to modern surveillance methods. Thank you for your insights on this matter.

RiderWhisper Wed May 22 2024 | 5 answers 1138

Could you explain to me why Monero is considered more anonymous than Bitcoin? What specific features or technologies does Monero utilize to enhance its anonymity? How does this differ from Bitcoin's approach to privacy? I'm curious about the details behind this comparison and how it affects the usability and security of these cryptocurrencies.