XMR
Technology & Computing abbreviation · Cryptocurrency & Blockchain
| Stands for | Monero |
|---|---|
| Categories | Technology & Computing |
XMR stands for Monero, a cryptocurrency & blockchain abbreviation.
A privacy-focused cryptocurrency that hides senders, recipients and amounts by default using ring signatures, stealth addresses and confidential transactions, unlike bitcoin's transparent ledger.
Example: The exchange delisted XMR, citing regulators' concerns about untraceable transfers.
Usage notes
Launched in April 2014 as a fork of Bytecoin; "monero" means "coin" in Esperanto. Its privacy appeals to people seeking financial confidentiality and, controversially, to ransomware gangs and darknet markets, and several major exchanges have delisted it under regulatory pressure. Mining uses the RandomX algorithm, designed for ordinary CPUs.