Monero- XMR

The Basics

A cryptographically signed container that details the transfer of Monero to a recipient (or recipients).

The parameters of a transaction contain one or more recipient addresses with corresponding amounts of funds and a ring size parameter that specifies the number of outputs bound to the transaction. A higher degree of obfuscation is possible with more used outputs, but that comes with a cost. The transaction fee will increase since a transaction gets more prominent with more outputs.

It is possible to form a transaction offline, which offers additional privacy benefits.

A transaction can be uniquely identified using an optional Transaction ID, usually represented by a 32-byte string (64 hexadecimal characters).

In-depth Information

Every transaction involves two keys: a public spend key, and a public view key. The transaction’s output destination is a one-time public key computed from these two keys.

When a wallet scans for incoming transactions, every transaction is scanned to see if it is for “you.” This only requires your private view key and your public spend key, and this check is immutable and cannot be faked. You cannot receive transactions and identify them without a corresponding private view key.

To spend the funds, you have to compute a one-time private spend key for that output; this is almost always done automatically by the Monero Wallet software.


Nord VPN
60% off Nord VPN
Coinbase - Getty Images - 1234552839
Coinbase – Crypto Currency – Sign up with this link and get $10 free?! Buy/sell/exchange crypto, and use their ATM card to access your cash easily!
Chase Sapphire Preferred - Travel Points
NordPass - Password Manager - CJ Banner
https://www.dpbolvw.net/click-100604079-15345170
Binance Cryptowallet - Buy/Sell
Binance Blockchain
Amazon - Daily Deals
Amazon’s Daily Deals!
Your favorite restaurants are delivered to your front door! Grubhub!
Game Fly
Game Fly Video Game Rentals!

Please enter CoinGecko Free Api Key to get this plugin works.