Crypto Is Growing Thousands Percent in 2017
Today's Millennials will know about Cryptocurrency, which is booming during 2017, triggered by the increase in Bitcoin prices to be very expensive. During 2017, Cryptographic is used as the best investment place, because it offers a very high investment value growth. Bitcoin (BTC) has posted growth of more than 1,000%, Ethereum (ETH) posted a growth of 3.700%, while what we will discuss this time, MONERO, has experienced a growth of 2,600% in 2017.
Monero (XMR) is one of the cryptonote coins which was originally established in 2014. Previously this coin was named BitMonero, hardfork from Bytecoin (BCN). The split was caused by Bytecoin planning to pre-mining 80% before it was released, but some developers didn't approve it. This is the history of Monero, which stands apart from Bytecoin, to become an expensive cryptonote coin today.
Monero prices in early 2017 were only around $ 8.42, then during 2017 the highest price that could be achieved by Monero was $ 208. In percentage terms, over the past 11 months, Monero has posted a growth of 2,600% or 26 times the price of the initial year.
Monero has also experienced a Cyber crime incident, precisely in September 2014. There is an Anonymous party that exploits weaknesses in the CryptoNote algorithm that allows making two subcategories signatures, so that the validity of the transaction is no longer recognized. CryptoNote then released a patch for the gap some time later.
Monero began its massive adoption in 2016, when market capitalization and transaction volume rose dramatically with the adoption of the "AlphaBay" Darknet Market. But unfortunately AlphaBay was closed and the owner was imprisoned by law enforcement in July 2017.
on January 10, 2017, Monero transaction movements were getting higher with tighter and better adoption of "Bitcoin Core Gregory Maxwell", "Secret Transactions" and algorithm "Reference Ring".
That's the history of Monero, which is now ranked as the 11th most popular crypto currency in the world, just one level below Ethereum Classic.
