Cryptocurrency Q&A
Why is Monero so stable?
Why is Monero so stable?
Carlo
Sat Apr 26 2025
|
7
answers
1543
I've been observing the cryptocurrency market for a while, and I've noticed that Monero seems to maintain a relatively stable value compared to other coins. I'm curious to understand the reasons behind Monero's stability. Could it be its privacy features or something else?
Previous
Does U.S. Bank allow crypto purchases?
Next
What happens if I invest $1,000 with 20 to 1 leverage?
7 answers
WhisperVoyager
Sun Apr 27 2025
By utilizing CryptoNight, the Monero network ensures that mining remains accessible to a diverse range of participants.
Was this helpful?
299
39
SamuraiHonor
Sun Apr 27 2025
The Monero network is secured through a robust framework designed to uphold its decentralized nature.
Was this helpful?
337
95
Silvia
Sun Apr 27 2025
A key aspect of this security is the consensus mechanism employed by Monero, known as CryptoNight.
Was this helpful?
225
59
BlockchainBaronGuard
Sun Apr 27 2025
This helps to maintain a balanced distribution of mining power across the network, preventing any single entity from gaining too much influence.
Was this helpful?
170
23
Eleonora
Sun Apr 27 2025
CryptoNight is a proof-of-work algorithm specifically tailored to resist the accumulation of mining power in the hands of a few large entities.
Was this helpful?
194
51
Load 5 more related questions
