Monero Original (XMO) Price

Monero Original (XMO) is a new cryptocurrency that resulted from a hard fork of Monero (XMR). The decision to fork was made after the core Monero project decided to undergo a hard fork against ASICs. Monero is known for its privacy and anonymity features, which are highly valued by its users. However, the use of ASICs, specialized mining hardware that can mine cryptocurrency faster than standard computer hardware, poses a threat to the decentralization of the network.

The fork was initiated by a group of developers who disagreed with the decision made by the core Monero project. They believed that the use of ASICs should be allowed on the network, as it promotes healthy competition and innovation. As a result, they created Monero Original (XMO), a cryptocurrency that allows ASICs to mine on its network.

Monero Original (XMO) shares many of the same features as its predecessor (XMR), including its privacy and anonymity features. It uses the same CryptoNight algorithm as Monero, which means that it is still possible to mine XMO with CPUs and GPUs. However, the use of ASICs will give miners an advantage in terms of mining speed and efficiency.

The creation of Monero Original (XMO) has caused some controversy within the Monero community. Some believe that the hard fork was necessary to protect the decentralization of the network, while others deem that allowing ASICs will promote healthy competition and innovation. Regardless of the opinions of its users, Monero Original (XMO) is now a new cryptocurrency that can be traded on various exchanges.