Monero (XMR) Price Today

Monero (XMR) Key Events

Being a long-running crypto project that first made an appearance back in 2014, Monero’s past, present, and future have many events worth noting. Some of its key events include the following:

• In 2010, on the BitcoinTalk forum, Satoshi discussed the early precursors to ring signatures and stealth addresses. Later on, these two became the pillars of privacy on Monero.
• Nicolas van Saberhagen published the Cryptonote whitepaper in 2014 as an attempt to improve on the Bitcoin protocol and introduce privacy coins. This whitepaper mentioned ASIC-resistant mining and making transactions untraceable using ring signatures.
• Shortly after publishing the Cryptonote whitepaper, a group of unknown developers released Bytecoin using the Cryptonote protocol. But according to the community, almost 82% of the total Bitcoin supply was premined.
• Due to the premined coins, the Bytecoin community agrees on forking the crypto, and thus BitMonero is created. But as the creator fails to collaborate with the community, BitMonero becomes Monero.
• XMR was launched in February 2015 as a way to pay for goods that accept Bitcoin but use Monero. This was the first attempt to preserve user privacy within the crypto community.
• Before 2016, Monero was simply a command-line interface. But after the Monero GUI launches, the project sees widespread adoption.
• In 2017, projects like LocalMonero and Monerujo launched to help the community facilitate P2P trades and mobile wallets, respectively.
• The first hardware wallet to support Monero was Lithium Luna v.0.12 in 2018. The next year, Trezor support for XMR arrived along with support for Ledger Nano S.
• One of the main Monero project contributors, crypto developer Riccardo Spagni (“Fluffypony”), stepped down from his leadership role to make Monero more decentralized.