I guess I can write one on the topic sometime. I should still say I'm not done researching it fully.
It's mostly a standard blockchain-based currency, with the following changes:
- There are no scripts, only direct payments to public keys.
(However, things like multisignature are still possible.)
- When paying, each public key is multiplied by a one-time value (similar to Silent Payments) to prevent address correlation by external parties
- Input and output values are confidential using range proofs.
- Inputs are done with a ring signature, with 1 real + 15 decoy inputs per input. (NOTE: This is not "ideal" tracing resistance yet, see the Eve-Alice-Eve attack as one example)
(However, there is a planned upgrade FCMP++ that will make this ring signature effectively 1-of-<entire blockchain>)
- Mining is made with a ASIC-resistant algorithm. The current implementation, RandomX, is to put it shortly a random code generator + executor.
- Tail emission exists and is active.
- Block size is dynamic, but there is a slowdown on how fast it can ramp up, and if your blocks are larger than average, a penalty is applied to your mining fees
- Blocks are every 2 minutes instead of 10.
- The equivalent of BIP-32 would be view/spend keys, but note: only spend keys can see if outgoing transfers were made
(The "key image" which is used to check double spends is derived from the spending/signing key)
The surrounding ecosystem has a bunch of differences as well:
- P2Pool, which is a peer-to-peer mining pool, is very common for small miners
- Hard forks occur semi-regularly
Tail emission seems to be a concern for many people, but it is not that big of a problem in my opinion:
- Unpredictable inflation that is very high is more of a concern than low, predictable inflation
- The rate of tail emission is fixed in *Monero units* and not as a % of supply
- This means that assuming no currency is lost, the rate of inflation approach 0 over time
- If a certain % of the supply is lost every year, then at some point, the inflation rate will equal the loss rate, leading to the effective supply becoming fixed
semisol
npub122…cgrkj
2026-09-19 23:16:15 UTC
in reply to nevent1q…3ly5
Author Public Key
npub12262qa4uhw7u8gdwlgmntqtv7aye8vdcmvszkqwgs0zchel6mz7s6cgrkjSeen on
wss://nostr.sathoarder.com/intent:nostr.sathoarder.com/sathoarder@sathoarder.comwss://nos.lolPublished at
2026-09-19 23:16:15 UTCEvent JSON
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"content": "I guess I can write one on the topic sometime. I should still say I'm not done researching it fully.\n\nIt's mostly a standard blockchain-based currency, with the following changes: \n\n- There are no scripts, only direct payments to public keys.\n (However, things like multisignature are still possible.)\n- When paying, each public key is multiplied by a one-time value (similar to Silent Payments) to prevent address correlation by external parties\n- Input and output values are confidential using range proofs.\n- Inputs are done with a ring signature, with 1 real + 15 decoy inputs per input. (NOTE: This is not \"ideal\" tracing resistance yet, see the Eve-Alice-Eve attack as one example)\n (However, there is a planned upgrade FCMP++ that will make this ring signature effectively 1-of-\u003centire blockchain\u003e)\n- Mining is made with a ASIC-resistant algorithm. The current implementation, RandomX, is to put it shortly a random code generator + executor.\n- Tail emission exists and is active.\n- Block size is dynamic, but there is a slowdown on how fast it can ramp up, and if your blocks are larger than average, a penalty is applied to your mining fees\n- Blocks are every 2 minutes instead of 10.\n- The equivalent of BIP-32 would be view/spend keys, but note: only spend keys can see if outgoing transfers were made\n (The \"key image\" which is used to check double spends is derived from the spending/signing key)\n\nThe surrounding ecosystem has a bunch of differences as well: \n- P2Pool, which is a peer-to-peer mining pool, is very common for small miners\n- Hard forks occur semi-regularly\n\nTail emission seems to be a concern for many people, but it is not that big of a problem in my opinion: \n- Unpredictable inflation that is very high is more of a concern than low, predictable inflation\n- The rate of tail emission is fixed in *Monero units* and not as a % of supply\n- This means that assuming no currency is lost, the rate of inflation approach 0 over time\n- If a certain % of the supply is lost every year, then at some point, the inflation rate will equal the loss rate, leading to the effective supply becoming fixed",
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