With 90 Percent of Monero Mined, Attention Turns to ‘Tail Emission’ From 2022

[PRIBO247]

Miners have now extracted 90 percent of privacy-focused
cryptocurrency Monero (XMR) and will net the remainder by May
2022, data from monitoring resource Monero Blocks confirmed
Dec. 20.
Monero — whose developers place anonymity and untethered
usage of coins as a priorities — will have an ultimate supply of
18.4 million XMR.

So far, a total of 16,659,407 XMR is available.
Unlike Bitcoin (BTC) — which has a fixed supply once all coins are
mined — Monero will continue generating tiny 0.6 XMR block
rewards infinitely after 2022, a feature known as “tail emission.”
This is to ensure miners have an incentive to keep the network
secure, reference bank Moneropedia explains, stating:

“Because of the dynamic blocksize, competition between
miners will cause fees to decrease. If mining is not
profitable due to a high cost and low reward, miners lose
their incentive and will stop mining, reducing the security
of the network. Tail emission ensures that a dynamic block
size and fee market can develop.”

Despite the feature, it is unlikely Monero will become an
inflationary cryptocurrency, due to the technically unlimited
issuance of 0.6 XMR per block. Lost or burned coins will likely
equal more than the block reward within the same period.
After controversy over tail emission during this year’s contentious
hard fork , Monero has fought off negative publicity, despite its
anonymity meanwhile making it a favorite of hackers and
cybercriminals.

As Cointelegraph reported this fall, ‘ cryptojacking’ — the process
by which hackers use a device to secretly and remotely mine
cryptocurrency without the owner’s knowledge — has jumped in
prevalence in 2018. Cryptojackers generally prefer to mine
anonymity-focused coins, such as Monero, according to reports.

https://cointelegraph.com/news/