Monero For Beginners 7
Monero For Advanced 7
Monero Quiz 1
The mathematics of the total Monero supply is pretty interesting and smart. There will be a total of 18.4 million XMR in circulation so mining will go until May 31, 2022. After that, 0.2 XMR per minute will be fed into the system forever. The Monero supply of 0.3 XMR per minute will ensure that the coins never run out of supply. Apart from that, there will also be an inflation rate that will be maintained and acceptable by this supply.
There’s no doubt that the future will become much more open and decentralized so Monero will become more alluring because of the privacy features that it offers. What is even more interesting, this is one of the non-bitcoin based coins which had the potential of truly making it huge. Interesting times are ahead for Monero and we could even expect a huge growth that it has already undergone, making the future look very bright. It will also be extremely interesting to see how things look like once Kovri is implemented.
Since we live in a world where nothing seems to be genuine not even the privacy, there is a need for such privacy-focused currencies as Monero. Monero has the potential to allow people to transact almost right away across the planet without the need for permission from the authority. In the country with oppressive governments, this could be used as a very powerful tool for getting to freedom because of its privacy features and possibilities that the platform has to offer.
The criminals also value the privacy features of Monero. The dark web markets can be accessed by anyone and it can even be used to buy and sell drugs, weapons and other criminal items. Monero has found a place as a preferred currency on these illicit websites. Also, the coin was used by governments such as North Korea in order to avoid international sanctions. For both of these reasons, it is possible that Monero could be attacked by other governments that don’t want the idea of privacy means of payments. Whether this crackdown on Monero will happen, it will be interesting to see.