To estimate the fee for a Monero transaction, you can use a Monero wallet that provides a fee estimation feature.
Follow these general steps:
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Monero, renowned for its robust privacy features, employs a unique approach to transaction fees, distinguishing it from other cryptocurrencies. Unlike fixed-fee structures, Monero’s fees are dynamic, adapting to the network’s current demands and the size of each transaction. This flexibility is crucial in maintaining Monero’s efficiency and scalability, especially given the larger transaction sizes due to its privacy enhancements. Read More
I will show you how to use a simple Python script to call an API and get the current price of Monero in US dollars. Read More
Long Payment IDs (LPIDs) were a feature of Monero transactions that allowed users to specify a unique identifier for a transaction. This identifier could be used to track the transaction and to prevent double-spending. LPIDs were 64-byte hexadecimal strings that were generated randomly. Read More
The technical analysis of Monero’s code audits reveals a comprehensive examination of its robust and complex system. Monero, known for its privacy and security features, undergoes regular audits to ensure its integrity and reliability. Read More
The rise of Monero, a privacy-focused cryptocurrency, has the potential to disrupt and challenge traditional financial institutions and regulators in several ways.
We will give an overview of the wallet API and show some examples of how to use it in different scenarios. We will assume that you have already installed the Monero software and have a running daemon and wallet RPC server. If you need help with setting up your environment, you can refer to the official documentation here. Read More
Monero is a privacy-focused cryptocurrency that is often used for storing large amounts of value. One of the most secure ways to store Monero is to generate a paper wallet offline.
A paper wallet is a physical copy of your Monero wallet that is not stored on a computer or other electronic device. This makes it much more difficult for hackers to steal your funds. Read More
Monero Transaction Explorer is a website that allows you to verify Monero transactions and confirmations. To use it, you will need to know the transaction ID or the address of the sender or recipient.
Once you have the transaction ID or address, you can enter it into the search bar on the Monero Transaction Explorer website. The website will then display information about the transaction, including the sender, recipient, amount, and number of confirmations. Read More
If you are interested in mining XMR, also known as Monero, you might be wondering what kind of hardware you need to get started. XMR is a privacy-focused cryptocurrency that uses a proof-of-work algorithm called RandomX, which is designed to be resistant to specialized mining devices such as ASICs. This means that you can mine XMR with your CPU or GPU, as long as they meet the minimum requirements.
We will explain the pros and cons of different types of XMR mining hardware, and how to choose the best one for your needs. We will also give you some tips on how to optimize your mining performance and profitability. Read More