Monero (XMR) is a decentralized cryptocurrency launched on April 18th 2014 by Nicolas van Saberhagen. Monero is privacy centric and focuses on maintaining decentralisation, fungibility, and full privacy. Unlike other cryptocurrencies, including Bitcoin, Monero’s payments and account balances are entirely hidden. No outside observers can tell the source, amount, or destination of a transaction. After being forked from ByteCoin and named BitMonero, the coin was first received very poorly by its community, leading to the community taking over and making changes, including renaming the coin to Monero.
The code repository for Monero can be found at: https://github.com/monero-project/monero
Start: 18 April 2014
Block Time: 2 Minutes
Current Block Reward: 2
Timestamping Scheme: Proof of Work
Hash Function: CryptoKnight