Monero , as a pure cryptocurrency, uses a Proof of Work algorithm. This means that there is no central point of control, like a mining pool, for the mining of the currency. Therefore, miners are free to compete to find the fastest, most efficient computer to mine the currency. The use of Proof of Work , as opposed to proof of stake, provides a security and efficiency of the currency. As a result, this allows for the creation of new coins. However, as the cryptocurrency develops , the need for moSee full review