Monero (XMR) is a cryptonight algorithm based alternative crypto currency. The coin is based on Proof of Work and has a block reward that varies smoothly. The difficulty retargets every block with a sixty second block target.
Monero uses a Ring Signature system to protect your privacy, allowing users to make untraceable transactions.
* PoW: Proof-of-Work || * PoS: Proof-of-Stake || * PoC: Proof-of-Capacity || * PoN: Proof-of-Nature