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Monero

A digital currency that is secure, private, and untraceable

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Monero is a decentralized cryptocurrency launched in April 2014 as a fair, pre-announced release of the CryptoNote reference code, with no premine or instamine and no portion of the block reward allocated to development. It is designed to keep transactions confidential while remaining usable as a currency for exchanging goods, services, and other currencies. Wallets are available for a variety of platforms, and coins can be obtained through mining, exchange for work, or centralized and decentralized exchanges converting fiat money to XMR.

Privacy and security features include RingCT, stealth addresses, ring signatures, transactions over Tor/I2P, and Dandelion++. The network uses the RandomX proof-of-work algorithm, which is ASIC-resistant and CPU-friendly, with blocks created roughly every two minutes and a dynamic block size. Development resources include User Guides, Developer Guides, the Moneropedia glossary, and a Library with downloadable publications. The Monero Research Lab (MRL) conducts research into protocol improvements, and community workgroups, hangouts, and a Community Crowdfunding System support project governance.

12 alternatives to Monero

Ranked by how well each tool replaces Monero: shared features, audience, price and popularity.

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  2. Zcash

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  3. LocalMonero

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    56 out of 100 match—

  4. Coin Wallet

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    Covers 1 of 15 key features and has a free plan.

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  5. Trezor

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    Covers 1 of 15 key features.

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    Covers 1 of 15 key features and has a free plan.

    Free plan
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  7. Electrum

    Bitcoin wallet.

    Covers 2 of 15 key features and has a free plan.

    Free planOpen source
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  8. Verge Currency

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    Covers 4 of 15 key features.

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  9. BlueWallet

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    Covers 1 of 15 key features and has a free plan.

    Free planOpen source
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  10. FairCoin

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    Covers 2 of 15 key features.

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  11. Armory

    The Only Open-Source Wallet With Cold Storage And Multi-Signature Support

    Covers 1 of 15 key features and has a free plan.

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  12. Nimiq

    Universal money for independent individuals

    Covers 1 of 15 key features.

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