Wownero
Crypto Overview
Overview
Wownero (WOW) is a privacy-focused cryptocurrency that forked from Monero in 2018. It aims to provide anonymous, untraceable transactions while maintaining a lighthearted and meme-friendly approach.
Purpose and Utility
The primary purpose of Wownero is to serve as a medium of exchange with strong privacy features. It uses RandomWOW, a CPU-friendly mining algorithm, and includes features like ring signatures and stealth addresses to ensure transaction privacy.
Business Model and Development
Wownero operates as a decentralized project with no pre-mine, no founder rewards, and no developer tax. The development is community-driven, with updates and maintenance performed by volunteers. The project maintains regular development activity on GitHub.
Real-World Adoption
The cryptocurrency has a small but dedicated community. It is primarily used for private transactions and is accepted by a limited number of merchants and services that value privacy-focused cryptocurrencies.
Token Distribution
The token distribution appears fair, with no pre-mine or founder allocation. New coins are created through mining, following a similar emission schedule to Monero but with different parameters.
Crypto Impact
To assign a comfort level investing in Wownero from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Wownero.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.