82
votes
What advantages does Monero offer that are not provided by other cryptocurrencies?
It is the only private cryptocurrency in use today which is truly fungible as all transactions are private and created equal.
It satisfies the 3 important properties of electronic cash: decentralized,...
- 19.9k
24
votes
Accepted
What are the primary differences between Monero and Bitcoin?
Privacy
You won't find your standard address on the blockchain. Every single output is its own one time address, there is no choice about it (as opposed to Bitcoin, where address reuse is discouraged,...
- 34.7k
12
votes
Accepted
Can the Monero block chain be pruned to increase scalability?
Theoretically, there is nothing preventing this. Practically, there is no code to do this yet, however.
There are a few things that can be pruned. Ring signatures, for instance. Once RingCT is in, ...
- 34.7k
11
votes
What are the primary differences between Monero and Bitcoin?
A few other security related things that weren't mentioned in the other answers. In contrast to Bitcoin's 10 minute block time, Monero has a 2 minute block time.
Additionally, Monero uses a ...
- 1,498
11
votes
Accepted
What does Monero's scaling roadmap look like
I know Monero is dynamically scalable, but everyone knows that simply increasing blocksize does not make a blockchain scale.
Saying "everybody knows" doesn't really cut it. Who can say what kind of ...
- 19.9k
10
votes
What advantages does Monero offer that are not provided by other cryptocurrencies?
Advantages of CryptoNote coins
Common to all Bytecoin derived coins
Monero transactions are untraceable and un-linkable by default. Meaning that there is ambiguity of where the monero came from and ...
- 1,187
10
votes
Accepted
Is there any block size limitation?
There is a block size limitation.
The maximum block size is variable, and a function of the size of the previous blocks.
More precisely, the maximum block size at a given height is the maximum of (1)...
- 34.7k
10
votes
How much larger would a mixin=4 Monero transaction be compared to a Bitcoin transaction?
Well, looking at a few transactions gives you the answer quite plainly, at least for the Monero side. I'm not familiar with Bitcoin transaction sizes, but I think they're a few hundred bytes, ...
- 34.7k
8
votes
What kind of pruning techniques does AEON use?
These questions are answered by the pruning FAQ, which was posted by core-developer smooth, who is also a core-team member of Monero.
Pruning FAQ
Q: What is pruning?
A: Pruning refers to removing ...
- 15k
8
votes
What are the primary differences between Monero and Bitcoin?
I'm not exactly sure I understand the question, but I'm assuming you mean what of those three factors sets Monero and Bitcoin apart the most?
I'd say privacy is the big one, for one, the other two ...
- 6,484
8
votes
Accepted
What does CONOP mean and how does it relate to block sizes and scaling?
[C]ost [O]f [N]ode [OP]eration is (theoretically) a way to measure to the cost of running a full node.
If we peg a blockchain with a 1 MB blocksize as having a CONOP of 1, then doubling the ...
- 2,491
7
votes
Accepted
How could Monero profit from TumbleMoneroWimble?
The whitepaper is fake, never meant to be taken seriously.
Quoting @fluffypony's followup tweet:
Don't take the 3 papers I tweeted as serious, I used the Koinster whitepaper generator for altcoin-...
- 2,475
7
votes
Accepted
How would sharding work in Monero to help with scaling?
Currently it's still an open question but I believe it's the inevitable path if Monero adoption increases. The optimal way for a sharded distributed DB to operate is to have encoded rules for mapping ...
- 4,233
7
votes
Can a new platform / cryptocurrency be built on top of Monero?
The Monero blockchain can be used to send any information, as long as it's part of a transaction. There is a field (tx_extra) where you can effectively put whatever you want in there. It's really a ...
- 5,495
6
votes
Accepted
Can Monero in its current state handle the amount of daily transactions bitcoin does, and if so how long would a confirmation take?
The reason bitcoin network is struggling is that there are too many transactions trying to get in a block, but the maximum allowed block size is hardcoded into the protocol rules. Nothing that can't ...
- 19.9k
6
votes
Accepted
What will Enable monero to scale where Bitcoin failed?
Monero will scale where bitcoin failed because Monero is hardcoded to scale to the network infrastructure (a real variable), whereas Bitcoin is hardcoded to scale to a decision made by humans (the 1 ...
- 5,666
6
votes
Accepted
How far will Monero scale up (gradually or instantaneous)?
I am pretty sure that the network could not handle a million daily transactions (how many does it handle now?)
In the last day, Monero processed an average of 2.22 transactions per block excluding ...
- 321
6
votes
Accepted
What is the difference between Monero (XMR) and Beam (BEAM)?
Beam authored a similar piece on a comparison between Beam, Monero, and Zcash that I recommend you read here to get a different perspective. I personally disagree with some points, but the high-level ...
- 8,724
5
votes
How fast is the blockchain growing?
This is the blockchain growth (MB) per month since inception:
+--------+---------+
| size | month |
+--------+---------+
| 15.25 | 2014-04 |
| 159.60 | 2014-05 |
| 424.98 | 2014-06 |
| 202.63 | ...
- 1,187
5
votes
Accepted
What is the difference between Monero (XMR) and Grin (GRIN)?
Pardon the image, but there is no way to create tables in StackExchange.
Grin's privacy is best characterized as "Monero with aggressive pruning and no ring signatures." Users who are unable to get ...
- 8,724
4
votes
What does CONOP mean and how does it relate to block sizes and scaling?
Riccardo Spagni was discussing CONOP (Cost of Node-Option) at the "OnChain Scaling Conferences" in a presentation called Dynamic Block Size Caps (YouTube):
- 4,509
4
votes
What will make Monero scale up and get Mass adoption?
For mass adoption, we certainly need a simple way (official GUI) to use Monero, since the average user will not be able to run the CLI. It would be also great to see some mobile wallets (with private ...
- 2,572
3
votes
Is the Bytecoin proposed scheme to scan numerous addresses faster interesting for Monero?
It is pertinent to note that these different addresses are still half identical, and thus two such addresses can be trivially known to be the same owner.
Onchain you would not be able to group these ...
3
votes
Accepted
Is the Bytecoin proposed scheme to scan numerous addresses faster interesting for Monero?
Bytecoin's scheme is to create addresses which differ in their spend key, but not in their view key. In that way, they are able to scan incoming transactions once, using the shared view key, while ...
- 34.7k
3
votes
What will make Monero scale up and get Mass adoption?
First off, Monero is a technology, not a product. Technologies do not need any marketing on itself if they are useful enough.
It is needed though to show the first adapters of the technology that ...
- 141
3
votes
Accepted
What does 'dynamically scalable' mean?
The blocksize can automatically adjust over the course of time by the miners including more or less transactions than what has recently been the norm however they have to pay a penalty fee if they ...
- 750
3
votes
Accepted
Boolberry's Transaction identification by prefix
I just took a look at the get_transaction_hash function in the Monero source code, and if I understand it correctly, the way the transaction hash is computed will change once ringct is activated.
The ...
- 3,324
2
votes
Accepted
How fast is the blockchain growing?
There is no simple answer to this as it will vary wildly, but to give a ballpark figure, currently transactions average around 5.6kb (I got this by averaging the last 50 blocks from monerblocks.info), ...
- 6,484
2
votes
How scalable and decentralized can a block chain currency be?
We say Monero is scaleable because there nothing in the protocol level preventing Monero from accepting a very large number of transactions. There is no coded limit on the block size.
The processing ...
- 8,724
2
votes
What will make Monero scale up and get Mass adoption?
As you've pointed out, most of the world population isn't even using Bitcoin yet. However, as governments continue to limit cash transactions in favor of moving to all digital transactions, a digital ...
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