Home Monero New Era for Monero Begins With Tail Emission!

New Era for Monero Begins With Tail Emission!

by admin
New Era for Monero Begins With Tail Emission!


Monero will now issue 0.6 XMR per block forever!

This is a huge moment for Monero and the cryptocurrency community as a whole. The Monero (XMR) blockchain was designed with what they call a tail emission.

Monero block rewards will never drop to zero. Block rewards will gradually drop until tail emission commences at the end of May 2022. At this point, rewards will be fixed at 0.6 XMR per block.

For those that may be new to Monero, briefly, Monero is a decentralized cryptocurrency with privacy built into its core. Monero’s privacy comes from its obfuscation of transactions which is what it does to achieve anonymity and fungibility.

Unlike other popular cryptocurrencies such as Bitcoin and Ethereum, no one can decipher transaction amounts, address balances, or histories on the Monero blockchain. A truly brilliant system and the reason why it is one of my favorite cryptocurrencies and one that will probably continue to grow in popularity and use 😎.

image

Here is the block for anyone interested in viewing a piece of history.

And I don’t mean that to be hypey. It’s true. This is history.

With this achievement, Monero became the first Proof of Work cryptocurrency to reach its supply limit of 18.14 Million! From this point on Monero, miners will mint 432 XMR per day or 0.6 XMR per block, forever.

Miners need an incentive to mine. Because of the dynamic blocksize, competition between miners will cause fees to decrease. If mining is not profitable due to a high cost and low reward, miners lose their incentive and will stop mining, reducing the security of the network.

Tail emission ensures that a dynamic block size and fee market can develop.

Monero (XMR) is currently trading at $187.28 and Monero fans, traders, and investors are celebrating all over the Internet with live stream watch parties happening and no doubt “0.6” memes on their way to a screen near you. Hah! Made myself laugh.

image

If anyone knows what a Monero fan is called, let me know in the comments below (Monerin’s?).

[1] Subscribe to get stories delivered to your inbox (FREE).

[2] Join Crypto Fireside and become a paid member today.

[3] Check out the only crypto newsletter and alert service that I personally use and recommend by clicking here. (I am an affiliate and I get paid a commission).

[4] Consider buying me a beer or coffee with Crypto — Options below.

Firo FIRO: aM6QtGrDMxycysthAmJgiYN7zpe1b195Ts

Ethereum ETH: 0xa6F834525b5b44a7F1188B4D1323dDee865fc643

Bitcoin BTC: bc1qkckgslfczefjw9fvg7c2lmpgk9g5q9pyqk4nmy

Monero XMR: 4B23PZr53mYGNXzLvNXh5mcSQ5ABwi2RaEc2jfZLwj3vKgrQ7TmjsGNLoeKTnseUZUbeucpv3bihuYWLS1DtQnsvVWxFjtH

Binance BNB: bnb10lxgm4k34aqgsqyxjrf80de9yupm3n9fd0rr9z

Cardano ADA: addr1qy7rusmc3l03mnds6mhv7v0c6qh3hqgcwwhqqgn7r0e0pufu8eph3r7lrhxmp4hweucl35p0rwq3suawqq38uxlj7rcs5574fv

P.S. This is not financial advice, DYOR.
P.P.S I do not own any of the currencies mentioned.

L O A D I N G
. . . comments & more!

Source link

Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More