MONERO CASINO GUIDE of 2022

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

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

It has an advantage as it is 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, which would make its existence essentially superfluous.

Monero’s low fees and fast transaction speeds, coupled with updates and adaptive block size make it a good option for all transaction types. Its focus on security and privacy makes Monero reasonably safe (bar the concerns regarding mining centralization).

HOW DOES IT PERFORM?

1. Decentralization: Being dominated by 4-5 mining pools accounts 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 Bulletproofs. Privacy and anonymity are default feature in Moner’s case, unlike some other coins where privacy is optional.
3. Scalability: Due to the use of Ring Signatures (a privacy feature), additional data is attached to each transaction, which significantly increases 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 %. This improved Monero’s scalability and its potential for future growth.

XMR FEES
Monero fees are determined by the demand for block space and by the transaction data size; the same as for most coins.

Fee prices have dropped significantly (from $0.40 – $0.70 on average, to a few cents) after the Beryllium ‘Bulletproofs’ upgrade was implemented.

Monero transaction fees remain low despite the 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 the fees even more.