(Source-medium.com)
1. Monero’s Advanced Mining Algorithm
The term “mining” refers to the practice of running a program on a computer to verify and execute Bitcoin transactions that others broadcast to the international network. We believe that the founders of Bitcoin made a terrible choice for their Monero’s mining algorithm. The Bitcoin algorithm runs much faster on specialized mining chips (ASICs) than on regular PCs and laptops. This means that it is virtually impossible for any regular computer user to participate in the Bitcoin mining process, leading to a relative concentration of miners in countries with the lowest electricity prices. In contrast, Monero’s mining algorithm has been carefully designed so that ASICs have no significant advantage over regular computers owned by the general public.
This means that people all over the world will leave mining software running on their home or office PCs. Those who complete this task will receive Monero XMR swap for running the program that processes and verifies other Monero transactions. As a result, if someone else is paying the electricity bill (like an employer or a university apartment complex), people will have a financial incentive to mine Monero using the spare power of the machines they currently have access to. Many more people will want to use their existing computers for this purpose than if they had to buy and install dedicated ASIC mining hardware. Since no dedicated mining hardware is required, anyone who installs a Monero wallet can start mining on their computer with the click of a button.
Since we expect many more people to participate in the XMR mining network than the Bitcoin mining network, regular people interested in Monero (XMR) will be able to earn their first small amount of Monero by participating in the mining process. This is a significant marketing win, as it spreads Monero to as many people as possible, fueling their passion.
2. Monero’s “Adaptive Block Size Limit”
(Source-bitemycoin.com)
When transactions are broadcast on the Monero (XMR) or Bitcoin (BTC) networks, they appear as part of a “block.” Monero blocks are generated every 2 minutes, while Bitcoin blocks are generated every 10 minutes. Bitcoin blocks have a limited size, so if there is not enough space, your transaction will be delayed. If you want your transaction to be included in a Bitcoin block as soon as possible, you will need to increase the transaction fee you pay to the Bitcoin network.
On the other hand, Monero (XMR) was created with an auto-adapting block size limit. This means that it will automatically increase the block size to accommodate future increases in transaction traffic.
3. The outstanding integration of the I2P “invisible internet project” layer with Monero is in the works.
(Source-coincentral.com)
This will provide even better anonymity protection when transacting with Monero. I2P will protect you from passive network surveillance, ensuring that not only will your payments be untraceable, but anyone spying on the network will not know that you are using Monero at all.
4. Monero’s R&D and design goals are truly amazing.
(Source-coingeek.com)
The Monero’s mining algorithm project currently has over 180 contributors. You can view the Monero roadmap here.
Please remember that cryptocurrencies are extremely risky investments right now, and our enthusiasm may cloud our judgment. This article is not investment advice and may contain errors or omissions. Do your own extensive research before you begin. Remember to diversify your investment assets. You should never invest more than 1% of your liquid net worth in Monero, as this will expose you to too much volatility before it develops. If Monero’s mining algorithm price drops sharply and ruins your day, Monero is not for you right now.
