Question 1

What is JunoCash (JUNO)?

Accepted Answer

JunoCash (JUNO) is a proof-of-work cryptocurrency designed for peer-to-peer electronic cash with transaction privacy by default. JUNO is the native coin of the JunoCash network and is used to transfer value, pay transaction fees and reward miners.

JunoCash uses shielded transactions based on the Orchard privacy model, where sender addresses, recipient addresses and transaction amounts are encrypted. Transaction fees remain visible so they can be processed by the network’s fee market.

The network uses RandomX proof-of-work, a CPU-oriented mining algorithm. Its monetary policy targets a maximum supply of about 21 million JUNO, with scheduled halvings, no premine and no founders’ reward.

Question 2

What is JunoCash (JUNO) used for?

Accepted Answer

JUNO is used to send and receive value on the JunoCash network. Transactions are designed to keep sender, receiver and amount details private, while still allowing fees to be visible for transaction processing.

JUNO is also used to pay network fees and reward miners. Miners receive block rewards and transaction fees for producing blocks and helping secure the network.