MoneroV (XMV) is a cryptocurrency that was forked from the original Monero blockchain. This fork was initiated by a group of Monero developers in April 2018, in order to increase the scalability, privacy, and security of the Monero blockchain. MoneroV is based on the Cryptonote protocol and uses a proof-of-work consensus algorithm.
The primary goal of the MoneroV project is to create a blockchain that is more secure, private, and scalable than its predecessor. MoneroV implements a concept called “tail emission”, which reduces the overall supply of the cryptocurrency and rewards miners who are still actively mining the network. This ensures that miners are still incentivized to keep the network secure, even when the block reward is reduced.
In addition to tail emission, MoneroV also implements some other features that make it more secure and private. MoneroV has developed a decentralized governance model, which allows users to vote on changes to the network. This allows the network to be self-governed and makes it more resilient to external attacks.
MoneroV also has implemented a range of privacy and security enhancements. These include private transactions, stealth addresses, ring signatures, and bulletproofs. All of these features make it difficult for anyone to trace transactions and steal funds.
Overall, MoneroV is a cryptocurrency that is designed to be more secure, private, and scalable than its predecessor. It implements a range of features that make it more secure and private, and its decentralized governance model allows for more robust and resilient networks. MoneroV is ideal for those who are looking for a secure and private alternative to traditional cryptocurrencies.