Monero (open-source project)

Private-by-default cryptocurrency

USnon-profitest. 2014getmonero.org (opens getmonero.org)Checked 11 Oct

The brief

Analyst view
  • FCMP++ would hide each payment among 150M+ past outputs instead of 16; its third test network forked on 2026-10-05.
  • No mainnet date: it ships after audits and tests. The last consensus code entered the final audit phase on 2026-09-30.
  • About 73 exchanges dropped XMR in 2025 under EU and anti-money-laundering rules; Binance delisted it in Feb 2024.

Technical approach

As reported
Senders

Hide the sender in a crowd

Each payment today is signed so it could have come from any of 16 past outputs. FCMP++ widens the crowd to every output on the chain.

Receivers

One-time addresses

Senders derive a fresh address for every payment from the recipient's public address, so outsiders cannot link payments to one person.

Amounts

Hidden amounts, proven honest

Amounts are encrypted; small zero-knowledge proofs (Bulletproofs+) show no coins were created from nothing without revealing values.

Mining

RandomX, built for ordinary CPUs

Proof of work runs random programs that suit general-purpose processors, keeping specialised mining chips at a disadvantage.

Primer