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Bytecoin, launched atomic number 49 2012, was the precursor of Monero. It was the first digital best offer loans vogue that was written using a engineering named CryptoNote. CryptoNote is the spine of most of the privateness -based cryptocurrencies that exist, including Monero. However, there were A few issues with Bytecoin, which lead to A aggroup of heptad developers to fork the Bytecoin blockchain. The new currency would live known arsenic Bitmonero, later named Monero. Five of the 7 developers decided to stay anonymous. Only two of these Monero developers ar known: Riccardo Spagni and David Latapie.