Monero (XMR) is a privacy-by-default digital coin using the CryptoNote protocol. The open source reference implementation of CryptoNote was coded from scratch based and is not a fork of Bitcoin. Monero is fungible and untraceable digital medium of exchange. It has a higher degree of privacy than Bitcoin or any of its various forks. It was launched on April 18, 2014 with no premine/IPO/etc.