LiberLion on Nostr: #Monero Forks The Monero blockchain has experienced several forks that resulted in ...
#Monero Forks
The Monero blockchain has experienced several forks that resulted in the creation of other cryptocurrencies.
Here are some notable forks:
1. MoneroV (XMV): This was a fork aimed at addressing issues such as scalability, inflation, and transaction fees. It sought to improve upon the original Monero protocol by introducing changes that would enhance its functionality.
2. Monero Classic (XMC): Following a significant hard fork in April 2018, Monero Classic emerged as a continuation of the pre-fork Monero blockchain. This fork was initiated by a group of Monero enthusiasts who believed that the changes made to the mining algorithm were detrimental to decentralization.
3. Monero 0 (XMZ): Another fork that arose from the same hard fork event, Monero 0 was created by users who were concerned about the direction of the Monero project. They advocated for a return to the original proof-of-work consensus mechanism, arguing that the continuous hard forks were destabilizing.
4. Monero Original (XMO): This fork also emerged from the April 2018 hard fork, with its developers emphasizing the importance of community choice and diversity within the Monero ecosystem.
5. MoneroC (CXMR): This project is less known, but it was mentioned as another fork that aimed to implement some changes to the Monero protocol while avoiding centralization issues.
6. Wownero (WOW): A humorous and experimental fork of Monero, Wownero integrates some Dogecoin-like elements and features a fixed supply cap, deviating significantly from Monero's vision.
Each fork typically focuses on unique priorities such as privacy, scalability, or mining methods.
However, Monero XMR remains the most widely adopted and recognized privacy-focused cryptocurrency among these.
The Monero blockchain has experienced several forks that resulted in the creation of other cryptocurrencies.
Here are some notable forks:
1. MoneroV (XMV): This was a fork aimed at addressing issues such as scalability, inflation, and transaction fees. It sought to improve upon the original Monero protocol by introducing changes that would enhance its functionality.
2. Monero Classic (XMC): Following a significant hard fork in April 2018, Monero Classic emerged as a continuation of the pre-fork Monero blockchain. This fork was initiated by a group of Monero enthusiasts who believed that the changes made to the mining algorithm were detrimental to decentralization.
3. Monero 0 (XMZ): Another fork that arose from the same hard fork event, Monero 0 was created by users who were concerned about the direction of the Monero project. They advocated for a return to the original proof-of-work consensus mechanism, arguing that the continuous hard forks were destabilizing.
4. Monero Original (XMO): This fork also emerged from the April 2018 hard fork, with its developers emphasizing the importance of community choice and diversity within the Monero ecosystem.
5. MoneroC (CXMR): This project is less known, but it was mentioned as another fork that aimed to implement some changes to the Monero protocol while avoiding centralization issues.
6. Wownero (WOW): A humorous and experimental fork of Monero, Wownero integrates some Dogecoin-like elements and features a fixed supply cap, deviating significantly from Monero's vision.
Each fork typically focuses on unique priorities such as privacy, scalability, or mining methods.
However, Monero XMR remains the most widely adopted and recognized privacy-focused cryptocurrency among these.