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Monero is a privacy-centric coin, which uses the CryptoNote protocol to prioritize scalability and decentralization. It is designed to be used as a completely anonymous payment system, unlike the original Bitcoin, which is only partially anonymous due to a public ledger (the blockchain). Monero solved this problem by implementing hashing of receiving addresses, which allowed users to conceal their purchases. The Monero development team consists of 7 core developers, only two of which are publicly known. There have been over 200 additional contributors to the project. Monero was initially released on April 18, 2014.