However, many BTC coins are permanently lost or destroyed because people have lost access to unlock them in the form of private keys or destroyed the storage device they were held on.

Presently, this leaves less than 2.1 million BTC left to be mined in the next 120 years, or less than 10%. Monero (XMR) Supply Cap-Tail Emission Makes All the Differenceīitcoin has a finite amount of coins that can ever exist-21 million BTC. When zooming in closely, we see that Monero diverges from Bitcoin in many ways. However, even in those similarities, they are quite different. This makes both cryptocurrencies deflationary, unlike the USD, which continually loses value over time because the Federal Reserve increases its supply. They have a supply cap of total coins Monero at 18.4 million XMR, and Bitcoin at 21 million BTC.Therefore, blockchain networks like Cardano, Solana, Avalanche use validators instead of miners. In contrast, Proof-of-Stake consensus algorithms use economically based mechanisms to do the same. This physical foundation comes in the form of electricity needed to solve cryptographic puzzles. Meaning, they use physically-based mechanisms for network operators to verify and execute blockchain transactions. They use Proof-of-Work consensus algorithms to secure the network.However, at a glance, Monero and Bitcoin are similar in two key ways: Put simply, Monero (XMR) is a privacy-oriented cryptocurrency. So, how do you mine Monero? What Is Monero (XMR)?

Gui crypto miner for windows monero