Question 1

What is the current price of Monero-Classic (XMC)?

Accepted Answer

Monero-Classic (XMC) is currently priced at £ 0.59572538. Over the last 24 hours, it has increased by +0.00%%.

Question 2

What is Monero-Classic (XMC)?

Accepted Answer

Monero-Classic (XMC) is a version of Monero (XMR) that emerged from a hard fork which took place on March 29. A hard fork is a term that refers to a situation where a blockchain of a particular cryptocurrency diverges into two, resulting in two blockchains. Monero developers have a practice of implementing a hard fork every six months, this well-documented and routine. However, disagreements within the community regarding the changes introduced in these hard forks, particularly those concerning resistance to Cryptonight ASIC miners, led to the creation of several other versions of Monero, one of which is Monero-Classic (XMC).

Question 3

Who created Monero-Classic?

Accepted Answer

Monero-Classic (XMC) was introduced to the cryptocurrency market by an entity identifying themselves as "PZ", who claims to be an early Bitcoin evangelist and builder of blockchain ecosystems. More information about the creator's message and the project intentions can be found on their official website.

Question 4

How does Monero-Classic Work?

Accepted Answer

Monero-Classic works in a similar way to the original Monero. It is a decentralized cryptocurrency that emphasizes privacy and anonymity. Transactions made with Monero-Classic are not traceable, providing users with a high level of security. There is however a key difference. While Monero aims to resist ASIC miners, an intention that has often been highlighted in its periodic hard forks, Monero-Classic embraces the presence of ASIC miners. The creators of Monero-Classic believe in the benefits of specialized mining machines, stating that they improve network security and should therefore be accepted within the ecosystem.

Question 5

What Makes Monero-Classic Unique?

Accepted Answer

Monero-Classic stands out for its advocacy for ASIC miners within the Monero ecosystem, a viewpoint that differs from the stance of the core Monero development team. While Monero periodically updates its algorithms to resist ASIC mining, a move that is supported by a portion of the community, Monero-Classic argues that the benefits provided by specialized mining machines, particularly in terms of network security, should not be overlooked.

Question 6

What is the Market Rank and Market Cap of Monero-Classic?

Accepted Answer

Monero-Classic is currently ranked #1 in terms of market capitalization, which stands at £ .

Question 7

What is the current circulating Supply of XMC?

Accepted Answer

The current circulating supply of Monero-Classic (XMC) is , while the total supply is .

Question 8

Where can you buy Monero-Classic (XMC)?

Accepted Answer

Monero-Classic (XMC) can be purchased on the following exchanges: TradeOgre, Gate.io, HitBTC. Always remember to do your own research before purchasing cryptocurrencies on any platform.

Question 9

How to keep your Monero-Classic safe?

Accepted Answer

It is recommended to store your Monero-Classic in a secure wallet rather than leaving it on an exchange, as wallets offer greater security against hacks and unauthorized access. Always remember to enable all security measures offered by the wallet, such as two-factor authentication, and never share your private keys with anyone. Additionally, it's a good practice to regularly update your wallet software to ensure it has the latest security enhancements.

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