🎉 Happy 10th Birthday, Monero! 🎂
As #Monero celebrates a decade of privacy and security, let's thread through some of its most pivotal milestones.
👇 #XMR #PrivacyMatters
1️⃣ April 18, 2014
Genesis Block
The journey began with the creation of the first block on the Monero blockchain. Originally a fork of Bytecoin, Monero set out to address privacy issues where others fell short.
2️⃣ September 2014
First Major Fork
This critical update significantly improved security and privacy by fixing vulnerabilities that were inherent in Bytecoin.
3️⃣ January 2017
Ring Confidential Transactions (RingCT)
RingCT was a game-changer, enhancing privacy by hiding transaction amounts, a stark contrast to transparent blockchains like Bitcoin.
4️⃣ April 2017
Monero Gains Mainstream Attention
As awareness about privacy concerns grew, Monero's adoption soared, establishing it as a leader in secure, private transactions.
5️⃣ December 2018
Bulletproofs Implementation
This upgrade reduced transaction sizes and fees by over 80%, making Monero more efficient without compromising on privacy.
6️⃣ March 2019
Monero CLI v0.14.0.0 Released
Included a new PoW algorithm, RandomX, aimed at discouraging ASIC mining to keep mining democratic and accessible to more people.
7️⃣ November 2019
Triptych Research Published
A proposal to further enhance privacy, Triptych aimed at improving scalability and transaction speed by reducing the size and verification time of ring signatures.
8️⃣ 2020-2024
Community Growth & Regulatory Challenges
As regulations tightened, Monero's strong privacy features faced scrutiny but also drove significant discussions about the right to financial privacy.
9️⃣ 2022-2024
Haveno, the Monero-based DEX
Launch of Haveno, a decentralized exchange that uses Monero for truly private transactions, showcasing Monero's commitment to privacy beyond just its own network.
🔟 Today
Looking Forward
As we celebrate these incredible 10 years, the future holds promising enhancements, including potential updates like Full-Chain Membership Proofs or Seraphis, which could revolutionize privacy tech further.
