Zain khan

2023/09/11 16:03

What is Monero? A Brief History of the World's Top

The Genesis of Monero: A Look at Monero’s Inception
Monero (XMR) has emerged as one of the most widely utilized and valuable privacy coins since its inception in 2014. Unlike the multitude of forks derived from Bitcoin’s codebase, Monero was constructed on the Cryptonote protocol, initially implemented by Bytecoin in 2012. While Bytecoin introduced innovative privacy features like ring signatures, it was reported that 80% of its coins were premined.

Consequently, in 2014, anonymous developers forked the Bytecoin blockchain to create Bitmonero, which was later renamed Monero. The new Monero blockchain produced a block every two minutes but without the premine associated with Bytecoin. Presently, Monero’s hashrate is coasting along at 2.30 gigahash per second (GH/s) or 2,296,248,004 hashes per second.

#Share Your HTX Earn Strategies and Earnings#HTX 10th Anniversary#Claim1,200 USDT in the Monthly Creation Challenge

6Share