What Is Monero (XMR)?
Monero is a decentralized, privacy-focused cryptocurrency launched in 2014. It's the backbone of every Ghost Exchange swap.
Key Properties
- —Private by default — All transactions are confidential. Unlike Bitcoin, there's no opt-in privacy — every XMR transaction is private.
- —Fungible — Every XMR is interchangeable. There's no "tainted" Monero because transaction history is hidden.
- —Decentralized — No company or foundation controls Monero. It's maintained by a global community of developers.
- —ASIC-resistant — Mining is accessible to anyone with a regular computer.
Privacy Technologies
- —Ring Signatures — Mixes your transaction with decoys, hiding the real sender
- —Stealth Addresses — Creates one-time addresses for each transaction, hiding the receiver
- —RingCT — Hides transaction amounts from everyone except sender and receiver
- —Dandelion++ — Obscures the IP address that broadcasts the transaction
Why Ghost Exchange Uses XMR
By routing every swap through Monero, we ensure that the link between your incoming and outgoing transactions is cryptographically broken. Chain analysis tools cannot trace through the XMR privacy layer.
XMR Specifications
| Property | Value |
|---|---|
| Block time | ~2 minutes |
| Confirmations needed | 10 (~20 min) |
| Max supply | No cap (tail emission) |
| Algorithm | RandomX (CPU-friendly) |
| Launch | April 2014 |