How many Monero coins are in circulation?

The issuance of Monero is not fixed and adopts a random expansion issuance model. The speed of new currency creation depends on the network hash rate. As of February 27, 2023, the current circulation is approximately 18.5 million, with a tail issuance, increasing by approximately 0.6% annually to incentivize miners to protect the network. The overall issuance cannot be determined at this time as the community voted against a cap, so the supply may increase over time.

Monero issuance

Monero is a privacy-focused cryptocurrency with issuance Not fixed. This means that the number of Monero coins changes over time.

Issuance model

Monero adopts a random expansion issuance model. This means that the rate at which new Monero coins are created is determined by the network’s hash rate, rather than a predetermined issuance schedule.

Current circulation

As of February 27, 2023, the current circulation of Monero is approximately 18.5 million.

Tail issuance

Monero also has a tail issuance, which is equivalent to increasing the supply by approximately 0.6% per year. This tail issuance is intended to ensure that miners continue to protect the network and prevent deflation.

Overall circulation volume

It is currently impossible to determine the overall circulation volume of Monero. However, the Monero community voted against setting an issuance cap. Therefore, Monero’s supply will likely continue to grow over time.

The above is the detailed content of How many Monero coins are in circulation?. For more information, please follow other related articles on the PHP Chinese website!