MONERO CASINO GUIDE of 2021

The primary use case for Monero is private, P2P transactions via its obfuscated blockchain ledger.

It is especially popular with users who believe in the fundamental principle of privacy in finances.

It has an advantage as it is the first-mover in being one of the largest privacy-oriented digital assets.

If a larger, more popular cryptocurrency adopts full privacy-preserving technology, Monero’s main advantage is gone, making its existence essentially superfluous.

Its low fees and fast transaction speeds, coupled with updates and adaptive block size makes it a good option for all transaction types, as its focus on security and privacy makes it reasonably safe (if the concerns of mining centralization are excluded).

HOW DOES IT PERFORM?

1. Decentralization: Being dominated by 4-5 mining pools accounting for almost 80% of the hashing power, Monero’s non-diversified mining is a detriment to its decentralization.
2. Safety: Monero puts its focus on privacy, incorporating industry-leading privacy enhancing technology like Ring Confidential Transactions (Ring CTs), Stealth addresses, and the aforementioned Bulletproofs. This privacy and anonymity is a feature by default, unlike some other coins, where privacy is optional.
3. Scalability: Due to the use of Ring Signatures (the privacy feature), additional data is attached to each transaction, significantly increasing the size of the blockchain. Monero blockchain size will continue to grow with wider adoption, hurting usability. The aforementioned Bulletproofs update has improved scalability by up to 80%, significantly improving Monero’s scalability and its potential for future growth.

XMR FEES
Fee is determined by demand for block space and transaction data size, same as most coins.

Fee price has dropped significantly (from $0.40 – $0.70 on average to a few cents) after the Beryllium “Bulletproofs” upgrade was implemented.

Monero transaction fees are staying low despite an influx of new investors following a steady rise in popularity. Monero’s block size is adaptive, so most of the time you will not have to pay higher fees to get your transactions processed faster.

The “Bulletproofs” update significantly decreased transaction sizes in terms of raw data, lowering fees even further.