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Monero emission will come to an end in 2022, EOS has become the leader of the rating in China. On the Binance Exchange, there is a launch of the ALTS combined asset market.
MoneroBlocks service informs that miners have already mined more than 90% of the total number of Monero cryptocurrency. Experts predict that the last coin will be received in the spring of 2022. But this does not mean that the mining of the asset will stop. According to the algorithm, then working with the blockchain will give 0.6 XMR per block. Now the remuneration is not fixed, the last blocks of December 2018 are estimated at 3.44 XMR.
The main advantage of Monero is its complete anonymity. But it also became its main problem. Because of the ability to hide traces, up to 5% of this asset is mined through hidden mining. That is, the pirates earned about $ 175 million in this way.
Perspectives of mining Monero
The Ministry of Industry of China regularly publishes a rating of the importance of cryptocurrency. In the December study, it put the EOS blockchain in first place. The second took Ethereum. And the largest Bitcoin coin in terms of capitalization took only 18 lines in the table
The reason for such an unexpected distribution of places lies in the evaluation criteria. The researchers do not consider the financial component of the cost of cryptocurrency, they study only the technological capabilities of the blockchain. Not surprisingly, EOS was among the leaders in this indicator. The network appeared only in the summer of 2018, and its developers were able to create a solution for horizontal and vertical scaling based on smart contracts.
Binance, the largest cryptocurrency exchange in terms of turnover, changes the approach to combined trading. Here they decided to rename the market ETH to ALTS. Two cryptocurrency pairs with a Ripple coin have already been added to it. The purpose of the innovation was to expand the range of proposed assets, which will increase the turnover of the site.
To maintain stability in the market, Binance decided to create a single market for stable coins. This was announced last month. According to the head of the site, Changpeng Zhao, it is planned to significantly expand the number of assets traded. Primarily due to the teams that join the charity program of the exchange.