Ex-Monero Devs Drop Tari: A Nostalgic, Private Blockchain with a Twist

From Monero to Tari: A New Privacy-Focused Chain Hits the Scene

The masterminds behind Monero just unleashed Tari, a sizzling new layer-1 chain that keeps your transactions under wraps by default and lets you mine crypto right from your home computer. Get ready, folks, because this is where privacy meets play!

Mining Made Fun: Tari Universe Turns Your PC into a Cash Cow

Hold onto your hats, because former Monero devs are shaking things up with Tari, a fresh proof-of-work network where you can mine the native Tari crypto (XTM) with just your Mac or PC, keep your balances on the down low, and dive into a buzzing community of over 700,000 airdrop enthusiasts. It's privacy, nostalgia, and crypto mining fun all rolled into one!

Tari's flagship app, Tari Universe, is flipping the script on mining, turning it into a visual thrill ride with real-time feedback, power usage sliders, and one-click controls that let you hit pause or throttle your CPU's mining mojo. The mining action is split between SHA3x and RandomX algorithms, with block rewards going 50/50 to solo and merge miners. It's a whole new ballgame!

"Tari Universe turns your computer into a money machine. It works by harnessing your computer's computational power to solve blocks on the Tari network. In doing so, you're helping to secure the Tari network while earning Tari token (XTM) rewards."

Tari

Tari's Tokenomics: A 21 Billion XTM Journey with a Twist

Get ready for the ride, because Tari's emission model kicks off with a whopping 21 billion XTM supply, with 30% of it pre-mined, according to the official deets. The remaining 14.7 billion tokens are up for grabs in the public mining arena, with rewards gradually tapering off per block. And don't worry, miners, because a 1% tail emission keeps the incentives flowing even after the first 12 years.

The pre-mined stash is divvied up for infrastructure (9%), community programs (5%), contributors (4%), and early birds (12%), with vesting periods stretching from six to twelve months post-mainnet. It's a long game, folks!

A Two-Token Tango: XTM and XTR Dance on Tari's Layers

Tari's got a two-token tango going on: XTM fuels the base layer (they call it Minotari), while XTR struts its stuff on the second layer (known as Ootle). You can burn XTM 1:1 to mint XTR through a dynamic "Throttle" mechanism that adjusts minting costs based on demand, while fees burned during the action help keep the supply in check. The balance between XTM and XTR is set to tighten over time, but we'll have to wait and see how it all plays out in the real world.