Monero (XMR) Crypto Exchange

Monero was created in April 2014 with one goal – to build a genuinely anonymous cryptocurrency. It originated in 2013 with the release of a whitepaper by developer Nicholas van Saberhagen. The paper described a currency named CryptoNote, which was used to create Bytecoin. The Bytecoin project quickly collapsed, leading to the birth of a new currency. Born as a fork of Bytecoin, XMR outgrew its predecessor and became a regular in CoinMarketCap’s top 50. Monero's price is highly volatile – any XMR price chart will show significant dips and spikes. Nevertheless, it remains popular due to its exceptional privacy features. Initially using Bytecoin's CryptoNight algorithm, Monero switched in December 2019 to the RandomX algorithm, which made ASIC mining infeasible. In May 2020, the development team implemented the Zk-SNARKS test, improving XMR transactions in speed, anonymity, and efficiency.