Is monero a bitcoin fork?

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Is monero a bitcoin fork?

Monero was created as a grassroots movement with no pre-mine and no VC Funding, and launched in April 2014 as a fork of Bytecoin. 12 A fork occurs when an original cryptocurrency is split into two to create another version, which is made possible due to the open source formats prevalent in most cryptocurrency designs.

Is monero based on bitcoin?

Monero (/məˈnɛroʊ/; XMR) is a decentralized cryptocurrency. It uses a public distributed ledger with privacy-enhancing technologies that obfuscate transactions to achieve anonymity and fungibility. Monero has the third largest developer community among cryptocurrencies, behind bitcoin and Ethereum.

What coins are forked from bitcoin?

The two biggest bitcoin hard forks are Bitcoin Cash and Bitcoin Gold, although there have been other, smaller forks. The first notable bitcoin fork was Bitcoin XT, which was launched in 2014 by Mike Hearn.

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What is the new bitcoin fork called?

Hard Fork
Understanding a Hard Fork A hard fork is when nodes of the newest version of a blockchain no longer accept the older version(s) of the blockchain; which creates a permanent divergence from the previous version of the blockchain.

Is wrapped monero the same as Monero?

Wrapped Monero (WXMR) is backed 1:1 by Monero and secured by BTSE. When a user obtains Wrapped Monero, it allows them to provide transparency necessary in a world where KYC/AML is increasingly required because Wrapped Monero has the same transparency as other ERC-20 tokens in the Ethereum blockchain.

Is Monero a ERC20 token?

Monero (XMR) ERC20 Token Analytics | Ethereum Mainnet | Bitquery. Monero (XMR) ERC20 Token in Ethereum Mainnet. Token is implemented as ERC20 smart contract with address 0x45750cd6a3bb2206dbeb9cba5e68bf909ac945e3 .

Who owns monero?

Of the seven developers who originally created Monero, five of them decided that they would keep their identities secret. Only two of these Monero developers are known about – Riccardo Spagni (the main developer today) and David Latapie. Riccardo Spagni is also known by the nickname “Fluffypony”.

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