Advertisement
AD

Main navigation

Monero (XMR) Tail Emission Goes Live

Advertisement
Fri, 10/06/2022 - 12:24
Monero (XMR) Tail Emission Goes Live
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

The long-awaited tail emission on Monero network is being launched today and changing the original stop output to a linear output. The change will increase the network's security and stability with each block generating 0.6 XMR constantly.

Advertisement

The tail emission will provide 0.6 XMR as a reward for miners per every block generated on the network in contrast to other blockchains like Bitcoin, allowing the block subsidy to go to 0. The change means that there will be no arbitrary hard cap to supply.

Related
Ethereum May Face at Least 5 Issues During Upcoming Merge Update: Details

The update will essentially make XMR deinflationary by making the total supply of the coin totally predictable and known for anyone. The limitation of the supply makes the network less exposed to inflation but does not ‌mean that it will be immune to devaluation.

The main reason why the tail emission makes the network more secure is the network's independence from users' transaction fees. With the block subsidy going to 0, at a certain point, Bitcoin will become dependent purely from users' transactions.

As Monero guarantees a relatively small reward for each block, it ensures the safety of the network in the future, as miners will not have to worry about transaction fees that may fluctuate over time.

Related
Farfetch Luxury-Fashion Giant to Begin Accepting BTC, ETH, BNB Payments Soon

Last but not least is the guarantee of new Monero always entering the economy, which is almost an obligation for any network's stability as there will always be a certain portion of "lost coins" sitting in wallets of users who passed away or lost their access or wallet passwords.

At press time, XMR trades at $180 and is losing around 2% of its value, following the correction on the cryptocurrency market.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD