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