Altcoins News
By Steven Anderson
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Twitter Handle Seth Simmons expressed, Monero is the digital cash we need to prevent an Orwellian financial future.
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For clarity, “Orwellian" is an adjective describing a situation, idea, or societal condition that George Orwell identified as being destructive to the welfare of a free and open…
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Seth Simmons put together a blog about which he states, I’ve finally been able to put together a new blog post to celebrate the growth of Monero in the past year.
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One of the most important ways in which users can infer what has been happening in Monero is to look at the sparse blockchain data available publicly.
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There were nearly 5,868,096 total transactions for an average of 16,076TX per day for the year’s Monero’s on-chain usage via private-by-default transactions, which protects the…
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In terms of blockchain growth: The Monero blockchain grew 13.34GB over the last year while transactions averaged 2.38KB in size.
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Regarding emissions: Monero’s emission per day declined from ~1,200XMR to ~750XMR over the course of the year. Monero’s inflation decreased 39.
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Regarding Fees: Monero’s participants spent 1,884.77XMR on fees in a year. Monero’s fees spent increased 71.11% YoY while the average transaction fee dropped 17.99% YoY.
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Regarding Reddit: Monero’s main subreddit, r/Monero gained ~43,000 subscribers, going from ~168,000 to ~211,000 subscribers over the year.
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Regarding Twitter: Monero’s main subreddit, Monero gained 69,209 followers. The Monero Twitter account went from 319,884 to 389,093 followers.
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Regarding Major upgrades: CLSAG, a new ring signature mechanism that improves transaction efficiency: Monero put out several updates to resolve and prevent network attacks…
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Regarding Mining with detailed unique miner numbers: Monero started after the RandomX upgrade with ~27,000 miners.
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