Monero was originally launched as a fork of the Bytecoin cryptocurrency, which was a private coin at the time. The original name of this fork was known as BitMonero, which was later changed to Monero, “coin” in Esperanto.
Then, Monero was hard forked to implement what is known as “RandomX’, which is an algorithm that removed ASIC support permanently and replaced it instead with CPU support.
Afterwards, Monero received another update known as the Nitrogen Nebula, which was released in May of 2020 and included the implementation of zk-SNARKs, a zero-knowledge test for the process of performing anonymous XMR transactions.
If you want to know more about:
– what is Monero Fork
– what does it mean for the end-user
– what the hard fork tried to achieve
– Monero third-Party Audit
– how to run Monero node and block explorer